Profit-taking erases early gains as market ends mixed; banking sector leads activity
Despite the intraday pullback, the ASPI managed to close marginally higher at 22,385.91, gaining 8.62 points (0.04%), while the S&P SL20 slipped 10.60 points (0.17%) to close at 6,210.72. The contrasting performance of the two indices highlighted the mixed sentiment prevailing among investors, as buying interest in selected counters was offset by weakness in several blue-chip stocks.Market turnover amounted to LKR 2.55 Bn, with a total share volume of 107.03 Mn shares traded during the session. The Banking sector emerged as the largest contributor to market activity, generating LKR 0.75 Bn in turnover with 10.06 Mn shares traded. SDB.N led the sector, recording LKR 0.49 Bn in turnover and 8.60 Mn shares changing hands.
Value investor participation remained a notable feature of the session, with crossing transactions accounting for LKR 0.75 Bn, representing 30% of total market turnover. The largest crossing was recorded in SDB.N, amounting to LKR 0.46 Bn involving 8.07 Mn shares traded, indicating continued institutional and strategic investor interest in selected counters.