Colombo stock market rebounds

THE Colombo stock market yesterday bounced back led by the capital goods sector, following the recent bear run.

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The benchmark ASPI gained by 0.46% and the active S&P SL20 by 0.28%. Turnover was at Rs. 1.47 billion involving 54.75 million shares.

Foreigners recorded a net inflow of Rs. 35.2 million. Net foreign buying topped in COMB.N at Rs. 54.4 million, while net foreign selling topped in HHL.N at Rs. 14.6 million.

First Capital said the CSE witnessed renewed investor optimism, marking a positive shift from the previous session. The ASPI opened on a strong note and maintained its momentum throughout the day, despite some intraday volatility. The index closed firmly in the green, gaining 72 points, depicting a 0.5% increment, to settle at 15,616. BIL, CINS, HAYL, MELS and GLAS were the top positive contributors to the index.

It added that investor participation improved compared to the previous session, with heightened activity observed from both retail and high net worth (HNW) segments.