Home Market Expolanka lifts ASPI up

Expolanka lifts ASPI up

  • 23 Jun 2022
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Bourse recorded gains for the third straight session as investors instilled a bullish sentiment on the market, predominantly with buying interest on EXPO following its dividend announcement. Index shot up as the market commenced and followed a sideways drift till the latter part of the session and eventually gained a bit of upward momentum as retail buying built up in counters such as BIL and LIOC before closing for the day at 7,556 gaining 44 points.





Further, RCL too contributed to the ASPI hike with business tycoon Dhammika Perera taking oaths as an MP. Turnover improved compared to previous sessions and recorded at LKR 1.1Bn led by a sole contribution of 35% from the Transportation sector while 20% was accounted from the Banking sector following the crossing transactions of COMB and HNB. Meanwhile, foreign investors turned net sellers while recording moderate participation.





Yields held broadly steady amidst limited activities



The secondary bond market saw mixed activities during the day although overall market witnessed limited activities as the market participants remained on the sidelines.



In the midst of thin trading, 01.06.25 maturity changes hands within a range of 21.00%-21.25%. Meanwhile, CBSL announced an issue of LKR 150.0Bn T-bonds through an auction to be held on 28th Jun 2022.



Courtesy: First Capital Research

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