The Colombo Stock Exchange surpassed 21,000 for the first time in history, and ended at 21,062, gaining 65 points from last week's end. The Capital Goods sector was the primary driver behind the ASPI's upward movement, with notable contributions from conglomerates.
CFIN, DIMO, MELS, CARG and RIL emerged as the top contributors to the index. Both retail and high-net-worth investor participation was high during the session. Market turnover surged to LKR 13.2Bn, representing a 102% increase compared to the monthly average of LKR 6.5Bn.
The Capital Goods sector led turnover contributions with a 49% share, while the Banking and Real Estate sectors collectively accounted for 22% of the day's total turnover. Foreign investors remained net sellers, recording a net outflow of LKR 1.0Bn.
BOND MARKET
Week opens on a sluggish footing
The secondary market opened the week on an unusually sluggish note, with activity remaining extremely limited and the yield curve essentially unchanged. Against this static backdrop, the market failed to register any noteworthy transactions.
Following 11 months of consistent deflation, headline inflation turned positive in August, with CCPI rising 1.2% YoY. Both food and non-food categories contributed to the upturn. Despite a monthly decline in prices, inflation is expected to gradually firm toward the 5% target, particularly owing to the base effect that is set to take hold from Sep-25.
In the forex market, the LKR appreciated marginally against the greenback, closing at LKR 302.3/USD compared to LKR 302.4/USD seen previously. Meanwhile, overnight liquidity in the banking system contracted to LKR 126.4Bn from the previously seen level of LKR 146.5Bn.
Courtesy: First Capital Research
Subscribe to our newsletter to get notification about new updates, information, etc..
