Home Market Bourse sees green for the 8th consecutive day

Bourse sees green for the 8th consecutive day

  • 09 Feb 2024
  • 0

Colombo stock market ended in the green zone once again, recording 8 straight days of gains. ASPI saw a fall in the index till post midday as investors booked profits notably on primary dealer counters, who saw an increase in their share prices over the last few sessions, but picked up towards the end of the session with ASPI ending at 10,567.

SAMP, HHL & JKH was the largest positive contributors to the index whereas CFIN, MELS and BIL were the largest negative contributors. Turnover was recorded at LKR 792.4Mn, 42% lower than the average monthly turnover of LKR 1.4Bn. Foreign investors remained net sellers, despite a keen buying interest on LLUB.

A mixed end to the week ahead of the T-Bond auction

The secondary bond market saw mixed activities during the day although the overall market witnessed limited activities as investors adopted a wait and see approach ahead of the LKR 55.0Bn T-Bond auction scheduled for 13th Feb 2024. Notably, trading activity primarily centered around liquid maturities, with the 2026 and 2028 tenors witnessing trades ranging between 11.00% to 10.90% and 12.10% to 12.00%, respectively whilst, 2027 tenors traded at 11.70%. Investor interest extended to the long end of the curve, notably on the 01.07.32 maturity, which traded at 12.90% during the day. Meanwhile, on the external side, LKR depreciated against the USD and closed at LKR 313.6.

Courtesy: First Capital Research

  • Share