The Colombo Stock Exchange (CSE) experienced another day of poor performance, with both indices falling over 0.3% and a turnover of Rs. 629 million involving 18.7 million shares. The market’s overall sentiment remained subdued as investors awaited more clarity amidst ongoing political uncertainties.
The All Share Price Index (ASPI) began the day positively, reaching an intraday high of 11,314 points, gaining nearly 20 points. However, selling pressure soon emerged, particularly in the banking sector, leading the ASPI to close at 12,254 points, down by 41 points. Despite the downturn, Sampath Bank (SAMP) saw increased buying interest following a strong quarterly performance.
Turnover recovered from the previous day’s drop but remained 27.7% lower than the month’s average. The banking sector contributed 35% to the turnover, while the diversified financials and capital goods sectors jointly added another 35%. Foreign investors were net buyers, with a net inflow of Rs. 19.8 million.
High net worth and institutional investors showed interest in Central Finance Company, while mixed interest was observed in John Keells Holdings, Hayleys Fabric, and Sampath Bank. Retail interest was noted in Browns Investments, Marawila Resorts, and LOLC Finance.
The banking sector index declined by 0.49%, with Sampath Bank’s share price rising by 80 cents to Rs. 74.50. The capital goods sector index fell by 0.41%, with John Keells Holdings’ share price increasing by 25 cents to Rs. 179.50, while Hayleys’ share price dropped by 70 cents to Rs. 95. Central Finance Company and Hayleys Fabric also contributed to the day’s turnover, with their share prices declining by 25 cents and 30 cents, respectively.