First Capital Trading Insights
June 5, 2025 at 12:19 PM
*First Capital Research | Daily Equity Watch | 05 Jun 2025*
*"ASPI extends green streak"*
The Colombo Stock Exchange sustained its upward trajectory, with the ASPI gaining 82 points to close at 17,435, marking a record high for the third consecutive session. The market opened with a mild uptick, experienced a sharp intraday dip, and subsequently rebounded to end firmly in positive territory. The rally was largely driven by strength in key counters such as JKH, SAMP, HNB, LION, and DIPD. Investor sentiment remained broadly positive, supported by increased retail participation. While interest from HNW investors was relatively subdued, selective activity was observed in PLC. Market turnover rose to LKR 5.6Bn, a 24% increase compared to the monthly average of LKR 4.5Bn. The Capital Goods sector led activity, contributing 22% of total turnover, followed by the Diversified Financials and Materials sectors, which jointly accounted for 34%. Foreign investors turned net buyers, posting a net inflow of LKR 41.4Mn, indicating a cautious yet improving outlook amid persistent global uncertainties.
*-First Capital Research-*