Sri Lanka’s Stock Market Dips 0.33% as Banking Sector Drives Trading Volume

FINANCIAL CHRONICLE – The Colombo Stock Exchange in Sri Lanka experienced a decline on Friday, as indicated by CSE data. The benchmark All Share Price Index (ASPI) decreased by 0.33 percent, losing 68.26 points to settle at 20,812.64. Meanwhile, the more actively traded S&P SL20 index also fell by 0.25 percent, or 14.93 points, reaching 5,886.72.

Among the stocks that contributed positively to the ASPI were Citizens Development Business Finance, which saw an increase of 5.15 percent to close at 34.70 rupees; Richard Pieris and Company, up 2.31 percent at 26.60 rupees; PGP Glass Ceylon, which rose by 1.63 percent to 56.10 rupees; and Sri Lanka Telecom, with a 1.43 percent gain to 85.10 rupees.

On the downside, notable decliners included Carson Cumberbatch, which fell by 2.67 percent to 710.00 rupees; Singer (Sri Lanka), down 3.05 percent at 76.20 rupees; SMB Finance, which saw a significant drop of 8.33 percent to 1.10 rupees; and Commercial Bank of Ceylon, declining by 0.49 percent to 202.00 rupees.

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The total market turnover for the day was recorded at 873.38 million rupees. The S&P/CSE Banks sector led the turnover with 244.40 million rupees, while the Real Estate Management and Development sector generated 177.44 million rupees.

Raynal Wickremeratne, Head of Research and Strategy at NDB Securities, noted that trading began very slowly but gained momentum in the final hour. He mentioned that large transactions in Sampath Bank, LIOC, and NDB contributed approximately 350 to 400 million rupees, nearly half of the total turnover for the day. (Colombo/Oct02/2026)