Colombo All-Share Index falls 0.4% to 20,574.13 at close

Colombo All-Share Index falls 0.4% to 20,574.13 at close

The Colombo Stock Exchange's All Share Price Index (ASPI) closed at 20,574.13 on Tuesday, July 2nd, 2025, marking a 0.4% decline from the previous day's closing price of 20,674.07 [1]. The ASPI's performance was influenced by several factors, including the overall market sentiment and specific sector performances.

The ASPI was driven higher by banking shares, with Commercial Bank, HNB, Carson Cumberbatch, Sampath Bank, and Bukith Darah all posting significant gains. Commercial Bank ended the day at 197.50, up 7.75 rupees, while HNB rose 13.50 rupees to 399.00. Carson Cumberbatch ended the day at 848.25, up 102.25 rupees, and Sampath Bank moved 2.25 rupees up to 145.00. Bukith Darah closed 37.00 rupees higher at 887.25 [1].

The overall turnover for the day was 10.8 billion rupees, with a share volume of 234,578,423 shares traded. The S&P SL20 index also contributed to the market's performance, rising 1.13% or 67.56 points to close at 6,065.02 [1].

Meanwhile, the broader regional market trends were mixed. Tokyo's Nikkei 225 index fell 0.38% or 168.02 points to 43,546.29, while the Pakistan Stock Exchange's KSE 100 Index was trading 1.06% stronger at 149,770.74. India's Nifty 50 rose 0.42% to 24,980.65, and the BSE Sensex was 0.46% up at 81,644.39 [1].

The spot gold price was trading at 3,356.90 US dollars at 4:00 pm Sri Lankan time, up 17.01 US dollars from the previous day [1].

The market's performance on Tuesday reflects the ongoing volatility and uncertainty in the Sri Lankan financial markets, particularly in the wake of recent political developments. The arrest of former President Ranil Wickremesinghe has raised questions about the direction of Sri Lanka's politics and the stability of its constitutional framework [2].

References:
[1] https://economynext.com/sri-lanka-stocks-close-up-0-49-pct-pushed-by-banks-some-financials-237326/
[2] https://economynext.com/sri-lanka-stocks-recover-from-opening-slide-238165/