The Colombo Stock Exchange (CSE) scaled to a fresh all-time high on Monday, buoyed by renewed investor confidence after S&P Global Ratings upgraded Sri Lanka’s foreign currency rating from SD/SD (Selective Default) to CCC+/C. The upgrade boosted optimism over the country’s economic outlook, driving strong momentum across the market.
The All Share Price Index (ASPI) continued its upward trajectory, advancing 141.78 points (+0.67%) to close at 21,226.87, while the S&P SL20 Index climbed 60.97 points (+1.02%) to 6,057.13. Intraday volatility remained notable, with the ASPI swinging 237.69 points between its opening level and the session high.
Market turnover stood at LKR 8.08 billion, with crossings accounting for LKR 1.58 billion (19% of total). The largest crossing by value came from Commercial Bank of Ceylon PLC (COMB.N) at LKR 489.64 million, while John Keells Holdings PLC (JKH.N) recorded the highest trading volume, with 10.20 million shares changing hands.
Sector-wise, Capital Goods dominated activity, contributing 45% of total turnover, largely driven by Sierra Cables PLC (SIRA.N), which generated LKR 1.77 billion.
Analysts note that the CSE’s latest milestone reflects a combination of improved investor sentiment, strong sectoral participation, and renewed confidence in Sri Lanka’s recovery trajectory following the rating upgrade.
