The Colombo Bourse witnessed mixed market sentiment throughout the session, ultimately closing the ASPI on a lower note at 20,612, losing 29 points.
This marked the week's lowest for ASPI. COMB, MELS, BIL, SAMP and BUKI were the top negative contributors to the index.
Compared to the beginning of the week, turnover fell to an average of LKR 5.8Bn, reflecting a 23% decrease over the monthly average of LKR 7.6Bn.
Banking sector led the turnover with a 33% share, while Materials sector and Capital Goods sector jointly contributed to 35% of the turnover.
The retail participation was lower compared to HNW participation. LLUB offboard transactions accounted for 17% of the total turnover. Foreign investors turned net sellers, recording a net outflow of LKR 1.2Bn.
BOND MARKET
Secondary market ends week on quiet note
Following the conclusion of the T-Bond auction yesterday, activity in the secondary market remained subdued today as the week drew to a close.
Trading volumes were thin, with investor participation staying relatively muted, which in turn kept the yield curve largely unchanged.
Notable transactions were limited, reflecting the cautious tone that prevailed throughout the session. However, some activity was observed at the longer end of the curve, with the 15.09.2034 maturity changing hands at a yield of 10.80%.
In the forex market, the LKR appreciated slightly against the greenback, closing at LKR 301.9/USD, compared to the previously seen rate of LKR 302.0/USD.
Meanwhile, overnight liquidity in the banking system expanded to LKR 178.6Bn from the previously seen level of LKR 169.6Bn.
Courtesy: First Capital Research
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