CSE begins new week on bullish note

Tuesday, 29 April 2025 03:16 - - {{hitsCtrl.values.hits}}

The Colombo stock market yesterday began a fresh full week on a positive note, with investors sustaining bullish sentiments.

The benchmark ASPI gained by over 69 points or 0.44% and the active S&P SL20 by 0.45%.

Turnover was Rs. 2.79 billion involving 89.52 million shares.

Foreign participation in market activity remained at subdued levels with foreigners closing as net sellers, with a net outflow of Rs. 101.4 million.

First Capital said the Colombo bourse extended its bullish momentum, with strong investor participation driving the ASPI to close in positive territory. The index surged at the open, and despite some volatility, maintained steady gains throughout the session to close at 15,811, recording an increase of 69 points.

JKH, CTHR, DIAL, HHL, and HASU stood out as the top positive contributors to the index. Investors picked up where they left off at the end of the previous week, as both retail and HNW segments engaged in an active trading session.

Positive sentiment was observed towards diversified financial and blue-chip counters, while selected Banking sector stocks also contributed positively to turnover.

Renewed investor participation supported turnover growth, which stood at Rs. 2.8 billion, reflecting a 13.2% increase compared to the monthly average of Rs. 2.5 billion.

The Capital Goods sector led yesterday’s turnover with a 29% share, followed by the Diversified Financials and Food, Beverage and Tobacco sectors jointly accounting for 28%.

NDB Securities said high net worth and institutional investor participation was noted in John Keells Holdings, Hemas Holdings, and Cargills.

Mixed interest was observed in Vallibel Finance, Browns Investments, and Commercial Bank, whilst retail interest was noted in Hela Apparel Holdings, LOLC Finance, and Marawila Resorts.

The Capital Goods sector was the top contributor to the market turnover (due to Hemas Holdings and John Keells Holdings), whilst the sector index gained 1.19%. The share price of Hemas Holdings increased by Rs. 1.75 to close at Rs. 121.75. The share price of John Keells Holdings gained Rs. 0.40 to close at Rs. 20.50.

The Diversified Financials sector was the second highest contributor to the market turnover (due to Vallibel Finance), whilst the sector index increased by 0.92%. The share price of Vallibel Finance recorded a gain of Rs. 3.20 to close at Rs. 67.

Commercial Bank and Cargills were also included amongst the top turnover contributors. The share price of Commercial Bank moved up by Rs. 0.50 to close at Rs. 137. The share price of Cargills closed flat at Rs. 448.25.

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