CSE closes week on positive note with modest gains in main indices

The Colombo Stock Exchange (CSE) concluded last week on a positive note following the end of the long New Year holidays. Despite a subdued start and generally low activity levels, the market showed signs of recovery toward the end of the week. Turnover and volumes remained weak during the first three sessions, with the market trading in the red, but sentiment improved in the final two sessions, which closed in positive territory with increased activity.

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The All Share Price Index (ASPI) closed the week at 15,742.04, gaining 125.47 points, or 0.80 percent meanwhile, the S&P SL20 Index posted a modest gain of 8.27 points to close at 4,632.51, reflecting a 0.18 percent increase. The ASPI surpassing the 15,700 level is notable, marking a return to this range after three weeks. The top contributor to the index was Ceylinco Insurance PLC (CINS.N), adding 21.19 basis points.