Colombo stock market reaches all-time high

Thursday, 5 December 2024 01:59 - - {{hitsCtrl.values.hits}}

In a reaffirmation of pro-President Anura Kumara Dissanayake sentiment, the Colombo stock market yesterday reached an all-time high, supported by heavy turnover.

The ASPI gained over 170 points to close at 13,511.73 points, surpassing the previous record set on 19 January 2022. Turnover was Rs. 5.2 billion.

NDB Securities said high net worth and institutional investor participation was noted in Ambeon Capital, Commercial Bank, and Alumex.

Mixed interest was observed in Sampath Bank, John Keells Holdings, and Lanka Ashok Leyland, whilst retail interest was noted in SMB Leasing, Lanka Credit and Business Finance, and LOLC Finance.

Foreign participation in market activity remained at subdued levels, with foreigners closing as net sellers.

The Banking sector was the top contributor to the market turnover (due to Commercial Bank and Sampath Bank), whilst the sector index gained by 2.07%.

The share price of Commercial Bank increased by Rs. 3.50 to close at Rs. 127. The share price of Sampath Bank moved up by Rs. 2.20 to close at Rs. 99.80.

The Capital Goods sector was the second highest contributor to the market turnover (due to John Keells Holdings), whilst the sector index increased by 2.70%. The share price of John Keells Holdings recorded a gain of Rs. 0.70 to close at Rs. 20.60.

Ambeon Capital and Alumex were also included amongst the top turnover contributors. The share price of Ambeon Capital gained Rs. 0.60 to close at Rs. 18.90. The share price of Alumex appreciated by Rs. 0.90 to close at Rs. 13.40.

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