*First Capital Research | Daily Equity Watch | 17 Jun 2025*
*“ASPI takes a U-turn and closes in the red”*
The Colombo Stock Exchange experienced a day of selling pressure and rattled investor behavior in the face of global geo-political uncertainty. The ASPI kicked off the day with some decent gains and managed to hold steady for most of the morning, but towards the end of the session, it started to come under some selling pressure, which dragged it down sharply, ultimately closing at 17,281 with a 78 point drop. NDB, LOLC, DFCC, BIL and NTB were the key counters that exerted downward pressure on the index. Retail investors expressed moderate levels of activity whereas HNW investors engaged in active trading with primary interest towards Banking sector stocks and blue-chips such as HAYL and JKH. Turnover reached LKR 6.8Bn, marking a 35% increase relative to the monthly average of LKR 5.1Bn. The Capital Goods sector led today's turnover, contributing 34%, followed by the Banking, and Diversified Financials sectors, jointly accounting for 40%. Foreign investors remained net sellers, with a net outflow of LKR 115.7Mn.
*-First Capital Research-*