CSE rebounds as buying interest returns after six-session slide

Daily Mirror reports that the Colombo Stock Exchange closed lower for six straight sessions through October 26, although selective buying appeared during that day. Daily Mirror says the market returned to positive territory on October 27, ending the losing run as buying interest improved.

EconomyNext reports that on October 27 the All Share Price Index rose 0.27% to 19,692.67, while the S&P SL20 gained 0.19% to 5,612.31. Dialog Axiata and several other shares contributed positively, while Colombo Dockyard and Vallibel One were among the negative contributors. Turnover was 849.37 million rupees, with materials leading activity.

EconomyNext reports that the market advanced further on October 28: the ASPI gained 1.41% to 19,970.22 and the S&P SL20 rose 1.55% to 5,699.30. Commercial Bank, Dialog Axiata, Hatton National Bank, Hemas Holdings and Hayleys were among the positive contributors; Capital Alliance and Trans Asia Hotels were among the largest negative contributors. Turnover reached 2.17 billion rupees, and telecommunications services led turnover. EconomyNext also reports crossings in Melstacorp, LB Finance and Hemas Holdings, citing an NDB Securities research manager.

Daily Mirror describes October 28 as a second consecutive session of recovery, with strong buying interest lifting both indices. EconomyNext reports that on October 29 the ASPI was up 1.27% at 20,223.61 and the S&P SL20 rose 1.16% to 5,758.35 in early trading; turnover at that point was 348.62 million rupees. Distilleries Company of Sri Lanka, Sunshine Holdings and Dialog Axiata were among the positive contributors.

EconomyNext reports that DCSL said its wholly owned subsidiary transferred brewing, packaging and distribution activities to DCSL effective October 28, with the relevant licence transfer approved by the Excise Department. The company said the change was not expected to significantly affect group profits. DCSL is to handle licensed brands including Heineken, Tiger and Anchor, as well as its own beer brands. EconomyNext also reports that Digital Mobility Solutions Lanka announced an interim dividend of 2.75 rupees per share, with an ex-dividend date of November 5 and payment scheduled for November 25.

Written automatically by AI from the outlets’ own reports, and not reviewed by an editor. It can be wrong — the original report is the authority.