The Colombo Bourse witnessed sustained bullish momentum during the trading session driven by easing political uncertainties and improved confidence from retail investments.
The ASPI surged to 11,334, gaining 237 points and achieving year-to-date highest intraday gain. Moreover, almost every sector witnessed price gains across the board whilst COMB, MELS, LOLC, HNB and CCS emerged as the top positive contributors to the index.
Additionally, CCS experienced a 10.2% price increase during the session. Despite the muted participation of the HNW investors, turnover surged to nearly two months high and stood at LKR 2.0Bn, marking a 97.4% increase from the monthly average standing at LKR 1.0Bn. The Banking sector solely contributed 38% to the overall turnover whilst the Capital Goods and Food, Beverage & Tobacco sectors jointly contributed 34% to the total turnover. Foreign investors remained net sellers, with a net outflow of LKR 69Mn
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