Colombo Bourse Edges Higher as Trading Activity Slows Sharply
ASPI ticks up marginally as CSE turnover drops 64% below average; foreign investors extend year-to-date net selling trend.
ASPI ticks up marginally as CSE turnover drops 64% below average; foreign investors extend year-to-date net selling trend.
Capital Goods stocks accounted for nearly a third of Colombo Stock Exchange turnover Tuesday, on a session with below-average trading volume.
CSE trading activity thins sharply as turnover falls 78% short of the monthly average, with ASPI and S&P SL20 both closing lower.
Capital Goods drives 39% of Colombo Stock Exchange turnover as three sectors account for two-thirds of trading activity.
Colombo's ASPI eased as turnover fell 51% below the monthly average, with banking counters leading a subdued trading session.
CSE turnover dropped to LKR 1.54Bn, nearly half the monthly average, as ASPI and S&P SL20 closed lower amid thin retail participation.
Capital Goods sector tops CSE turnover as a single JKH crossing drives volume higher, though overall market activity stays below average.
Colombo Stock Exchange turnover drops 34.5% below its monthly average, with Food, Beverage & Tobacco leading a narrowly concentrated session.
CSE turnover hit LKR 8.5Bn as Cargills drove 48% of trading and nearly all foreign selling. ASPI gained 0.40% to close at 21,167.
Colombo Stock Exchange turnover hit LKR 2.96bn, 56.6% above the monthly average, driven largely by crossing deals in RIL, AEL and JKH.