FINANCIAL CHRONICLE – The Colombo Stock Exchange in Sri Lanka experienced an upward trend in its closing figures, reflecting a continued enhancement in market sentiment, as reported by brokers.
The All Share Price Index (ASPI) rose by 0.40 percent, which translates to an increase of 84.86 points, concluding the day at 21,166.94. Similarly, the S&P SL20 index saw a gain of 0.56 percent, or 33.44 points, finishing at 5,970.38.
Market turnover showed improvement, reaching 8.47 billion rupees, largely fueled by a significant transaction of 4 billion rupees involving Cargills. The stock concluded the day with an increase of 32 rupees, ending at 657.
Ranjan Ranatunga, Assistant Vice President of Research at First Capital, noted a pronounced interest from high net worth individuals and institutional investors who are currently making strategic investments. He mentioned, “There’s notable interest in selected shares,” while observing that retail investor participation remained moderate.
Among the key players contributing positively to the ASPI were Cargills (Ceylon), which performed well, along with Colombo Dockyard, which gained 3.50 rupees to reach 123.50, and Ceylon Grain Elevators, which increased by 20.50 rupees to settle at 480.50.
