ECONOMYNEXT – Sri Lanka’s Colombo Stock Exchange (CSE) recovered some of its losses on Tuesday, data on its site showed.
Market recovered after it plunged to a two-month low on Monday as cyclone Ditwah weighed down market sentiment.
The broader All Share Price Index (ASPI) closed 1 percent, or 219.51 points up at 22,241.57 while the more liquid S&P SL20 index closed 0.85 percent, or 51.92 points higher, at 6,137.79.
Investor interest was seen in diversified financials and selected shares on Tuesday.
Top contributors to the ASPI were Richard Pieris and Company (up 3.90 rupees at 40.80 rupees), Ceylinco Holdings (up 178.75 rupees at 3,199.25 rupees), Sampath Bank (up 3 rupees at 143.00 rupees), Bukit Darah (up 75.50 rupees at 1,095.50 rupees), and NDB (up 4 rupees at 144.50 rupees).
Construction sector shares continued to attract investor interest due to possible reconstructions following the widespread damage caused by Cyclone Ditwah.
Tokyo Cement (Lanka) closed 3 rupees higher at 101.00, Sierra Cables traded 90 cents stronger at 32.90 rupees, Kelani Cable rose 39.25 rupees to 1,178.75 and ACL Cables was 9.75 rupees stronger at 234.75.
Market turnover fell from 5.2 billion rupees to 4 billion rupees while the share volume was 100,332,235.
Equity markets in Asia traded mixed as most nations are suffering from a series of natural disasters.
Japan’s Nikkei 225 index ended flat “as bargain-hunting following the previous day’s plunge was offset by selling on concerns about higher borrowing costs due to rising bond yields amid speculation that the Bank of Japan may raise interest rates this month,” Japan’s Mainichi newspaper said.
The index closed 0.17 percent marginally higher at 49,303.45 on Tuesday.
Pakistan’s equity market dropped amidst “political tension over KP governor’s rule”, Daily Times said. Even though the index traded in the positive territory in the early trade, index dipped 0.18 percent to 167,757.18 on open.
“Signs of political turbulence have intensified as the federal government hinted at imposing governor’s rule in PTI-led Khyber Pakhtunkhwa amid a deteriorating law and order situation driven by rising terrorist attacks,” Daily Times said.
“India’s equity benchmarks fell on Tuesday, dragged by profit-taking in financials, as the blue-chip indexes paused near record highs for a fourth straight session,” Reuters said.
Its Nifty 50 index moved 0.55 percent lower to close at 26,032.20, while the BSE Sensex traded 0.59 percent weaker at 85,138.27.
As at 3.45 p.m Sri Lankan time, spot gold was trading at 4,190.48 US dollars, up 1.20 percent. (Colombo/Dec02/2025)
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