Economy & Market

CSE Stages Strong Rebound: ASPI Jumps 256 Points

The Colombo Stock Exchange (CSE) ended the trading day on a firmly positive note, with major indices posting solid gains following recent volatility in the market.

The benchmark All Share Price Index (ASPI) rose by 256.12 points, or approximately 1.13%, to close at 22,833.53. This marks a notable recovery after the index experienced sharp declines earlier in the week amid global uncertainties, including tensions in the Middle East.

The more selective S&P SL20 Index, which tracks the top 20 most liquid stocks, also advanced, climbing 68.14 points (about 1.07%) to settle at 6,425.80.

Market breadth was decisively positive, with share prices of 177 companies advancing during the session. Leading the charge and making significant contributions to the ASPI's upward movement were heavyweight counters such as John Keells Holdings, DFCC Bank, National Development Bank (NDB), Dialog Axiata, and Commercial Bank.

Trading activity remained healthy, with the day's turnover recorded at Rs. 5.68 billion, reflecting sustained investor interest despite the broader economic backdrop.

source: Adaderana Biz English