US tariff deal propels ASPI over 19,900 to new high

Ends week on the up: ASPI and S&P SL20 gain 2.3% and 2.4% respectively

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THE Colombo stock market yesterday ended the week on the up in an apparent vote of investor confidence on the US tariff deal, pushing the ASPI past 19,900 to a new all-time high.

The benchmark ASPI gained by 1.38% or over 271.77 points and the active S&P SL20 by 2.30%. Turnover was Rs. 7.36 billion involving 416.71 million shares.

During the week, the ASPI and the S&P SL20 gained 2.3% and 2.4% respectively, whilst recording an average daily turnover of Rs. 6.42 billion.

First Capital said the Colombo Stock Exchange yesterday experienced a session driven by bullish sentiment and high levels of investor involvement, particularly from the retail segment, as the market continued to build on the positive momentum observed over the past few weeks.