The Colombo Stock Exchange (CSE) closed 0.17 percent higher on Tuesday, recovering from the subdued performance seen in the previous session, according to official data.

The All Share Price Index (ASPI) increased by 38.48 points to close at 22,333.25. The more liquid S&P SL20 index also climbed, gaining 0.31 percent or 18.82 points to end at 6,071.12.

Key contributors to the ASPI’s gains included Colombo Dockyard, which rose by 10.25 rupees to close at 202.25 rupees. Commercial Bank advanced 2 rupees to 200 rupees, Sampath Bank added 1.50 rupees to reach 142.25 rupees, Melstacorp increased by 1.50 rupees to 174 rupees, and DFCC Bank was up 1.75 rupees at 148 rupees.

The market recorded a net foreign outflow of 42.76 million rupees during the day. Lanka IOC saw two crossings totaling 92.25 million rupees, with the stock ending 2.50 rupees higher at 128.75 rupees.

Market turnover improved, rising from 2.2 billion rupees in the previous session to 2.8 billion rupees. Share volume for the day totaled 77,197,636. Capital Alliance emerged as the highest contributor to market turnover at 452.75 million rupees and was the top gainer for the session.

Across Asian markets, equities were mixed as investor sentiment was weighed down by various factors. Japan’s Nikkei 225 index dropped 1.56 percent to 49,383.29, reaching a two-week low as caution persisted ahead of key U.S. economic indicators, according to Japan’s Mainichi newspaper.

Pakistan’s Karachi Stock Exchange 100 index slipped 0.17 percent to 170,447.29 after hitting all-time high levels on Monday. Hong Kong’s Hang Seng index closed 1.54 percent lower at 25,235.41. In India, the Nifty 50 was trading 0.64 percent lower at 25,860.10, while the Sensex index was down by 0.63 percent at 84,679.86.

As of 3:55 p.m. Sri Lankan time, spot gold was trading at 4,284.62 US dollars, up 0.39 percent.