
First Capital Trading Insights
June 2, 2025 at 11:47 AM
*First Capital Research | Daily Equity Watch | 02 June 2025*
*"ASPI begins week on a strong note"*
The Colombo Stock Exchange commenced the week on a positive note, with the ASPI gaining 125 points to close at 16,980. The market opened on an upbeat tone and maintained its upward momentum throughout the session, experiencing minor fluctuations in the latter part before closing firmly in positive territory. The rally was primarily driven by strong performances in key Banking sector stocks, including SAMP, DFCC, NDB, and HNB, along with support from AEL. Investor sentiment remained buoyant, with active participation from retail investors. Meanwhile, interest from HNW investors was observed in counters such as AFS, JKH, and SDF. Total market turnover stood at LKR 5.9Bn, representing a 42% increase compared to the monthly average of LKR 4.1Bn. The Capital Goods sector led the day's turnover, accounting for 30% of the total, followed by the Diversified Financials, and Banking sectors, which together contributed 37%. Foreign investors continued to adopt a cautious stance, recording a net outflow of LKR 2.7Bn.
*-First Capital Research-*
