The Colombo Stock Exchange experienced a downturn on Monday, with the All Share Index declining by 0.23 percent and the S&P SL20 Index falling by 0.65 percent. Market turnover was lower compared to the previous week, totaling 2.1 billion. Analysts attributed the market movement to profit-taking activities ahead of upcoming elections and discussions on debt restructuring. Despite the overall decline, there was notable activity in certain stocks, particularly in LOLC companies, Sunshine Holdings, Lanka Milk Foods (CWE) Plc, and Royal Ceramics Lanka Plc, which saw increased investor interest and trading volumes.
Several stocks showed positive movements during the trading session, with LOLC Holdings Plc, Browns Investments Plc, and LOLC Finance Plc closing higher. Additionally, Sunshine Holdings Plc saw increased investor interest following news of an investment from the International Finance Corporation. Lanka Milk Foods (CWE) Plc and Royal Ceramics Lanka Plc also experienced upticks in share prices, contributing to positive sentiment in the market.