ASPI continued its upward trajectory for the fourth consecutive day and closed the session at 8,458 (+4.44%), on the back of newfound clarity on country’s economic front, after PM addressed the nation yesterday.
Market turnover improved and recorded a near 3-week high of LKR 2.8Bn. Transportation segment continued to lead the top turnover list with a contribution of c.31% to daily aggregate turnover whilst Food, Beverage and Tobacco segment had the next biggest contribution of 20%. Meanwhile, net foreign outflow of LKR 55.9Mn was recorded for the day.
Yields stay static ahead of the bill auction
The secondary market yield curve remained broadly stable while generating ultra-thin volumes ahead of the LKR 90.0Bn bill auction to be held on 18th May 2022. In the midst of thin trading, 01.05.27 maturity changed hands between 22.40%-22.69%.
Courtesy: First Capital Research
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