ASPI rallies strongly as market records one of its largest single-day gains!!

The Colombo Stock Exchange delivered a powerful rebound on Tuesday, with the ASPI surging over 400 points, marking the 8th highest single-day gain in market history. The index maintained a strong upward trajectory throughout the session, fueled by renewed investor confidence and broad-based buying momentum across sectors.

The Capital Goods sector led market activity, generating LKR 1.11 Bn in turnover with 19.71 Mn shares traded, reflecting heightened interest from both retail and institutional participants.

Total market turnover stood at LKR 3.96 Bn, with 132.09 Mn shares traded. Crossings contributed LKR 0.34 Bn (8% of turnover). ACL.N recorded the largest block trade by value at LKR 75.5 Mn, while CSLK.N logged the largest volume crossing with 1.4 Mn shares.

Market breadth showcased a strong recovery, with 197 gainers outpacing just 40 decliners, signaling robust sentiment that supported gains across the broader market.

DOCK.N topped the list of positive contributors, followed by CINS.N, COMB.N, SAMP.N, and ACL.N. On the downside, SPEN.N led the negative contributors, with CDB.N, ASPH.N, HUNT.N, and ABAN.N also weighing modestly on the index.

Among notable trades, TKYO.X saw heightened activity with a turnover of LKR 302 Mn from 3.7 Mn shares traded. Despite the strong market, the counter closed down 2.8%, with all trades executed through the board and no crossings recorded.

FROM : - DAILY MIRROR