CSE rally strengthens as ASPI climbs above 20,500

Daily FT reports that the Colombo Stock Exchange recovered from a sharp decline early in trading and extended its advance to a fourth consecutive session. The outlet says the ASPI gained 5.44% over the week, while the S&P SL20 rose 5.2%; market value increased by more than 381 billion rupees.

EconomyNext reports that Friday’s benchmark ASPI finished 109.35 points higher at 21,239.65, a 0.52% gain. It says the S&P SL20 rose 22.79 points, or 0.38%, to 6,052.67, and turnover totalled 2.89 billion rupees. The Capital Goods industry group led turnover, at 512.32 million rupees.

EconomyNext identifies Carson Cumberbatch, Commercial Bank of Ceylon, Hatton National Bank, Dialog Axiata and Sampath Bank among the day’s positive contributors. It lists SMB Finance, Access Engineering, Chevron Lubricants Lanka, Senkadagala Finance Company and Panasian Power among the leading negative contributors. EconomyNext also reports crossings in Hatton National Bank, Sierra Cables, Sunshine Holdings, Overseas Realty (Ceylon) and Hayleys.

Daily Mirror reports that gains in Commercial Bank, Dialog Axiata and Hayleys helped lift the indices, with turnover above 5.4 billion rupees. EconomyNext’s Friday report gives a different turnover figure of 2.89 billion rupees; Daily Mirror also attributes gains to other counters, including Hatton National Bank, in a separate report.

Written automatically by AI from the outlets’ own reports, and not reviewed by an editor. It can be wrong — the original report is the authority.