The market commenced on a positive note and remained volatile throughout the day, and yet managed to close in the green backed by buying interest returning towards the latter part of the session.
Accordingly, index closed positively at 9,070, gaining 55 points. Active retail participation was witnessed on LOFC and BIL, whilst high-net- worth individuals continued to take positions during the day.
Moreover, interest gained on the banking sector counter, which led the turnover and was a major contributor to the index. Furthermore, treasury shares slightly continued to pick up during the day, ahead of tomorrow’s bill auction.
Meanwhile, market turnover recorded at LKR 1.6Bn (98.7% cf. monthly average turnover of LKR 801.1Mn) contributed by the Banking sector (27%) and the Materials sector (17%). Foreign investors remained net sellers with low participation, recording a MTD net foreign outflow of LKR 861.0Mn.
Buying interest continues ahead of tomorrow’s bill auction
The secondary bond market witnessed buying interest during the day amidst moderate volumes as 01.06.25 traded between 26.30%-26.25% whilst 01.07.25 maturity traded at 26.00%.
Moreover, buying interest was also observed on the 15.05.26 maturity which recorded trades between 24.10%-23.95% whilst 01.05.27 witnessed trades between 22.90%-22.80%.
Furthermore, trades were also observed on the 15.09.27 maturity, which traded between 22.98%-22.70% whilst 15.01.28 maturity saw trades between 22.00%-21.90%.
Courtesy: First Capital Research
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