Story map
ASPI
22,695.00 +0.65%S&P SL20
6,244.64 +0.60%Turnover
LKR 4,807,575,528 Trades 24.9KBreadth
159/73/59 Net 86Start here
The short version
- 01ASPI +0.65% and S&P SL20 +0.60% at the close.
- 02Breadth closed 159/73/59 (adv/dec/unch).
- 03Turnover settled at LKR 4,807,575,528 with 90,214,731 shares traded.
- 04Estimated CSE money flow read inflow (LKR 1,379,809,848) via turnover proxy.
- 05Top four turnover leaders accounted for ~12.8% of total turnover.
Method, source and disclosure
This close-to-close brief is assembled from market data using automated editorial rules. Figures can be delayed or revised; confirm them against official CSE disclosures before acting.
At the close
ASPI finished +0.65% while S&P SL20 closed +0.60%. Breadth ended 159/73/59 (adv/dec/unch), keeping the tape positive rather than broad-based. Turnover totalled LKR 4,807,575,528 with 24.9K trades.
The read-through is that index drift did not fully align with participation, pointing to selective conviction. When liquidity concentrates in a narrow leadership set, intraday direction can look calmer than the underlying breadth; follow-through typically depends on whether turnover broadens beyond the current leaders.
Analysis
Tape and breadth
Benchmarks finished mixed, with breadth not fully aligned to index direction. ASPI printed +0.65% while S&P SL20 closed +0.60%, leaving net breadth at 86. The ASPI-SL20 gap of +0.05pp hints that leadership was uneven between heavyweight names and the broader tape. When decliners outnumber advancers, index stability can still mask softer underlying risk appetite.
Analysis
Liquidity and concentration
Turnover closed at LKR 4,807,575,528 across 24.9K trades and 90,214,731 shares. The top turnover names absorbed about 12.8% of total value, keeping liquidity concentrated rather than evenly distributed. COMB.N0000 set the pace on value traded (LKR 218,556,978), and its move (+0.36%) mattered more for sentiment than a long tail of quieter counters.
Analysis
Sector rotation
Turnover gravitated toward Banks, Food, Beverage & Tobacco, Capital Goods, Health Care Equipment & Services, suggesting rotation into liquid pockets rather than broad participation. The top two sectors represented about 52.7% of tracked sector turnover, reinforcing a concentrated close. Watch whether sector breadth begins to widen: when leadership stays trapped in a couple of turnover-heavy groups, follow-through often becomes headline-driven rather than flow-driven.
Analysis
Stock-level tells
SEMB.X0000 (SMB FINANCE PLC) stood out on the upside at +50.00%, while PARA.N0000 (PARAGON CEYLON PLC) carried notable downside pressure at -13.73%. Volume leadership (SEMB.N0000) also matters here: heavy share flow without broad breadth can reflect positioning and rebalancing rather than a clean risk-on impulse.
Analysis
What to monitor next
The next setup hinges on whether breadth improves from 159/73/59 while liquidity holds near current levels. If turnover broadens beyond the current leaders, the market can absorb intraday selling more cleanly and price discovery becomes healthier. If concentration persists, index direction may continue to be determined by a smaller leadership group, with weaker participation under the surface.
Analysis
Desk view
Breadth held with a constructive tilt, but follow-through now depends on liquidity quality rather than index direction alone. If turnover remains concentrated in liquid leaders, the week can still extend higher in stages; a broader participation pickup would confirm stronger underlying demand.
Market data
Sector turnover pulse
| Sector | Turnover | Avg change | Breadth |
|---|---|---|---|
| Banks | LKR 545,851,750 | +1.74% | 13/2/2 |
| Food, Beverage & Tobacco | LKR 328,306,383 | +1.55% | 31/8/9 |
| Capital Goods | LKR 245,046,515 | +0.84% | 18/7/4 |
| Health Care Equipment & Services | LKR 190,664,976 | +1.01% | 4/4/1 |
| Materials | LKR 118,816,272 | +1.04% | 11/9/3 |
| Diversified Financials | LKR 85,392,401 | +2.61% | 22/3/5 |
Method
Data and method
ASPI +0.65% | S&P SL20 +0.60% | Breadth 159/73/59.
Compiled by TaprobaneFi Market Desk from end-of-day market datasets.
For informational and educational purposes only. This publication is not investment advice.