Following yesterday’s 1,291 points plunge in the market, triggered by the outbreak of the Iran–Israel conflict that led to panic selling and a temporary trading halt, the Colombo Bourse recorded modest gains today, with the ASPI rising about 0.60% and the S&P SL20 increasing around 0.70%.
Driven by buying interest at bargain prices, the ASPI gained 134 points to close at 22,577, recording a turnover of LKR 4.7Bn, marking a 20.0% decline compared to the monthly average turnover of LKR 5.8Bn.
Market breadth was positive, with SAMP, COMB, CTHR, RICH, and KZOO leading the gains and contributing the most weight to the ASPI. The market gained momentum primarily driven by Banking and other blue-chip counters.
Meanwhile, the Capital Goods sector led daily turnover with a 32% share, followed by the Diversified Financials and Banking sectors, which collectively accounted for 30% of total turnover. Foreign investors remained net sellers, posting a net outflow of LKR 95.1Mn.
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