Stock Market

ASPI Hits Historic High as Colombo Stock Market Rally Enters 12th Day

Colombo, June 6, 2025 — The Colombo Stock Exchange’s benchmark All Share Price Index (ASPI) soared to a new record on Wednesday (June 5), climbing 81.89 points to close at an unprecedented 17,434.94. This marks the highest level in the ASPI’s history and extends the market’s winning streak to 12 consecutive sessions.

The sustained rally reflects robust investor sentiment and strong performances by major stocks. Market heavyweights such as John Keells Holdings, Sampath Bank, Hatton National Bank, Lion Brewery, and Dipped Products played a pivotal role in driving the index higher.

The S&P SL20 Index, which tracks the 20 largest and most liquid stocks, also saw positive movement, rising 34.13 points to end the day at 5,193.79.

Total market turnover reached Rs. 5.59 billion, with Hemas Holdings leading in value at Rs. 218 million, followed by Browns Investments (Rs. 205 million), Lanka Milk Foods (Rs. 198 million), LB Finance (Rs. 191 million), and Dipped Products (Rs. 191 million).

Trading was predominantly driven by local investors. Domestic purchases stood at Rs. 5.43 billion, closely matched by domestic sales of Rs. 5.47 billion. Foreign investor participation remained muted, with purchases totaling Rs. 164 million and sales amounting to Rs. 123 million.

Market analysts say continued confidence in corporate earnings and relative political stability are supporting the market’s momentum, although caution remains amid global uncertainty.