The Colombo stock market surged to an all-time high yesterday, fueled by robust investor activity and a pro-President Anura Kumara Dissanayake outlook.
The All Share Price Index (ASPI) soared over 170 points to close at 13,511.73, eclipsing the previous peak from 19 January 2022. Turnover reached an impressive Rs. 5.2 billion.
NDB Securities highlighted significant high-net-worth and institutional interest in stocks such as Ambeon Capital, Commercial Bank, and Alumex. Meanwhile, mixed interest was seen in Sampath Bank, John Keells Holdings, and Lanka Ashok Leyland, with retail investors focusing on SMB Leasing, Lanka Credit and Business Finance, and LOLC Finance.
Foreign participation remained low, with net selling recorded from overseas investors.
The Banking sector emerged as the leading contributor to turnover
driven by strong performances from Commercial Bank and Sampath Bank. The sector index rose by 2.07%, with Commercial Bank shares climbing by Rs. 3.50 to Rs. 127 and Sampath Bank shares increasing by Rs. 2.20 to Rs. 99.80.
Capital Goods followed as the second-largest contributor, with John Keells Holdings playing a pivotal role. The sector index advanced by 2.70%, with John Keells shares gaining Rs. 0.70 to close at Rs. 20.60.
