Colombo stock market rebounds

AFTER two consecutive sessions of downward movement, the indices of the Colombo stock market yesterday closed in green with the ASPI gaining 38 points (+0.2%) and the S&P SL20 index increasing 6 points (+0.1%).

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Market turnover improved to Rs. 5.1 billion compared with Rs. 4.4 billion in the previous session, mainly led by TJL (Rs. 341 million) SIRA (Rs. 336 million) and SAMP (Rs. 330 million).

Asia Securities said the market gained due to price gains in RWSL (+24.1%), CSLK (+2.0%), DFCC (+1.7%), and SINS (+0.9%). Moreover, investors showed increased interest in construction sector stocks like SIRA (+10.6%), ALUM (+2.3%), TKYON (+1.6%), JAT (+1.6%), and AEL (+1.4%) during the session. DFCC (+9 points), SAMP (+7 points), and DIAL (+6 points) came in as the major index movers for the day. The breadth of the market was positive with 141 price gainers and 92 decliners.