Positive sentiment in share market drives ASPI up

• 08 Jan 2025
• 0

Colombo stock market experienced a day of positive sentiment and recovery, closing in the green after 3 consecutive days of losses.

Amidst the increased participation from retail investors, ASPI closed the day in green at 15,954, gaining 99 points marking a 0.63% increase from the previous day.

The most significant contributors towards the positive index were SAMP, MELS, LFIN, COMB, and LOLC. Meanwhile, turnover stood at LKR 5.2Bn, marking a decrease of 29.2%, from the monthly average standing at LKR 7.4Bn. 

Moreover, Banking sector led the turnover by 39%, followed by the Food, Beverage and Tobacco and Capital Goods sectors jointly contributing 31% of the overall turnover. Meanwhile, the net foreign outflow for the day stood at LKR 229.6Mn.

T-Bill auction yields tumble for the 5th consecutive week

The Central Bank of Sri Lanka successfully conducted the second weekly T-Bill auction for 2025, raising LKR 102.0Bn, with the total offered amount being fully accepted across all maturities.

Bids received for all the three maturities exceeded the total offered amount, with the 06M T-Bill attracting the most interest.

Meanwhile, weighted average yield rates declined across the board for the fifth consecutive week at today’s T-Bill auction.

The 03M T-Bill closed at 8.47% (-08bps), the 06M T-Bill at 8.60% (-12bps), and the 1Yr T-Bill at 8.90% (-04bps). The secondary market yield curve saw slight buying interest whilst the post T-Bill auction 06M and 1Yr T-Bills traded at 8.52% and 8.82% respectively.

Amongst the traded maturities, at the short end 15.12.2026 and 15.01.27 bonds traded at the range of 9.55% to 9.45%, while the 15.12.2027, traded at 9.90%. 

Furthermore, 15.01.28, 15.02.28 and 15.03.28 traded in the range of 10.20% to 10.10% whilst 01.05.28 and 01.07.28 traded in the range of 10.42% to 10.30%. Towards the belly end 15.10.28 and 15.12.28 traded at the range of 10.56% to 10.50% and 15.09.29 traded between 10.80% to 10.78%.

On the external front, the Sri Lankan rupee slightly depreciated against the USD and closed at LKR 296.15/USD. Meanwhile, overnight liquidity increased at today’s session to LKR 144.96Bn while CBSL Holdings continued to remain stagnant at LKR 2,515.62Bn.

Courtesy: First Capital Research

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