*First Capital Research | Daily Equity Watch | 7 Nov 2025*

*“Market strengthens on budget-day optimism”*

The Colombo Bourse extended its positive momentum as the national budget was presented today, with the ASPI surging 226 points to close at 23,338. Investor focus was largely directed towards Banking sector counters, while retail participation remained robust and HNW activity continued at a moderate level. Key positive contributors to the index included SFCL, COMB, SAMP, HNB, and VONE. Market turnover stood at LKR 6.7Bn, reflecting a 7% decline from the monthly average of LKR 7.2Bn. The Banking sector led market activity, accounting for 23% of total turnover, followed by the Capital Goods and Food, Beverage & Tobacco sectors, which collectively contributed 32%. Meanwhile, foreign investors remained net sellers, posting a net outflow of LKR 91.5Mn for the day.

*-First Capital Research-*