ECONOMYNEXT – Sri Lanka’s Colombo Stock Exchange closed up on Friday trading, CSE data showed, with the benchmark All Share Price Index moving up 1.75 percent.
The ASPI was up 372.93 points at 21,642.95, while the more liquid S&P SL20 was up 1.48 percent, or 87.71 points, at 6,022.99.
ASPI saw a drop of 101.05 points since last Friday.
“Market sentiment was positive today, driven by US President Donald Trump saying he will not go ahead with the bombings on Iran,” Raynal Wickremeratne, Head of Research and Strategy at NDB Securities, told Economynext.
“But in order for this to be sustainable, we need to see this continue for a few more days,” Wickremeratne said on the positivity in the market.
Positive contributors to the ASPI were Hatton National Bank (up 2.06 percent at 396.00 rupees), Commercial Bank of Ceylon (up 1.63 percent at 202.25 rupees), John Keells Holdings (up 1.52 percent at 20.00 rupees), and DFCC Bank (up 3.19 percent at 129.50 rupees).
Seylan Developments (down 11.11 percent at 0.80 rupees), Bukit Darah (down 0.75 percent at 831.00 rupees), and Malwatte Valley Plantations (down 3.47 percent at 52.90 rupees) were top negative contributors.
Market turnover was 1.992 billion rupees. Banks led turnover with 490.8 million rupees.
Wickremeratne also added that market turnover has been low for a while, and that investors look for a time to collect, so a trigger like the potential peace talks in the Middle East acts as a signal.
Dialog Axiata announced that all resolutions contained in the notice of its 29th Annual General Meeting were duly passed, which included the declaration of a final dividend as recommended by the Board of Directors and the re-appointment of Deloitte Partners as auditors to the company.
Shares closed up 0.92 percent at Rs.43.90.
US President Donald Trump said on his Truth Social platform: “Based on the fact that discussions with the Islamic Republic of Iran have been brought to the highest level of Iranian leadership and approved, I have, as President of the United States of America, cancelled the scheduled strikes and bombings against Iran this evening. Discussions and final points have been, in both concept and great detail, approved by all parties involved, including the United States, Israel, Saudi Arabia, UAE, Qatar, Turkey, Pakistan, Bahrain, Kuwait, Jordan, Egypt, and others. The Naval Blockade will remain in full force and effect until this Transaction is finalized — Time and place of the signing to be announced shortly.” (Colombo/June12/2026)
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