ECONOMYNEXT – The Colombo Stock Exchange closed up on Tuesday, data on its site showed.
The broader ASPI closed up 11 percent, or 16.02 points, at 14,516.46; while the more liquid S&P SL20 Index closed up 80 percent, or 34.75 points, at 4,384.75.
Turnover was 6.35 billion.
“There was a bit of selling in the early part due to profit taking, but buying was too strong so market recovered after the selling pressures seen midday,” market participants said.
There was a rallying in banking stocks, they said.
Sampath Bank closed down at 107.75, HNB closed down at 272.00, and DFCC Bank closed down at 91.00.
“Retail investor interest was also seen in consumer and hotel stocks.”
Top positive contributors to the ASPI were John Keells Holdings (up at 22.30), Commercial Bank (up at 137.50 ), NDB (up at 89.40), Cargills (Ceylon) (up at 405 ), and Lanka IOC (up at 124.50).
Top turnover generators were Commercial Bank, John Keells Holdings, Hatton National Bank, Aitken Spence (), and Sampath Bank.
Crossings were recorded on Commercial Bank, Aitken Spence, and John Keells Holdings.
There was a net foreign inflow of 336 million rupees.
Foreign buying was seen in Aitken Spence, Digital Mobility Solutions (up at 65.00), Browns Investments (flat at 6.30), Commercial Bank, and Tee Jay Lanka (down at 45.00).
Foreign selling was seen in Dialog Axiata (down at 11.10), CIC Holdings (up at 84.90), LOLC Finance (down at 6.50), CIC non-voting (up at 64.10), Ex-pack Corrugated Cartons (up at 16.20), and Hayleys (down at 118.25. (Colombo/Dec17/2024)