ASPI's YTD return tops 10% mark as CSE sustains upward march

THE Colombo stock market yesterday sustained its upward march with healthy turnover powered by optimistic investors.

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The benchmark ASPI gained by 0.9% and the active S&P SL20 by 1.5%.

With yesterday's gain, the ASPI crossed the double-digit year-to-date (YTD) return mark at 10.74%. The S&P SL20’s YTD return remains at 8.7%.

Turnover was Rs. 5.68 billion involving 283 million shares. Turnover was led by LVEF (Rs. 500 million), RCL (Rs. 304 million), and TILE (Rs. 269 million).

First Capital said the bourse continued its bullish momentum, marching onwards and upwards through sustained investor optimism and increased activity The key positive drivers of the index primarily consisted of Banking sector counters such as HNB, NDB, DFCC, and SAMP, alongside JKH. Retail investors demonstrated robust engagement, followed by a reasonably high level of HNW involvement, with interest mainly towards Construction sector counters such as RCL and TILE.