The Colombo Stock Exchange concluded trading on a high note, conquering yet another milestone as the ASPI crossed the 19,000 mark to close at 19,044 with a gain of 70 points.
Conversely, the S&P SL20 edged slightly lower with a modest drop of 8 points. The session remained volatile, with retail investors showing stronger participation than HNW investors.
The top positive contributors to the index were DFCC, CFIN, COOP, CTHR and ASCO. Turnover for the day stood at LKR 5.4Bn, which reflects a 19% decrease over the monthly average of LKR 6.7Bn.
The Diversified Financials and Capital Goods sectors dominated activity, equally accounting for a 16% share each, followed by the Retailing sector which contributed around 13%. Foreign investors turned net sellers with a net outflow of LKR 121.4Mn.
Flat opening to the week as trading volumes dwindle
The secondary market opened the week on a quiet note, with the yield curve showing minimal movement and trading volumes remaining extremely light. Trading was confined to the 2028 and 2029 maturities, with the 15.10.2028 bond changing hands at a rate of 9.00%.
Meanwhile, both the 15.09.2029 and 15.10.2029 bonds saw modest buying interest, trading at a yield of 9.46%. Additionally, for the week ending 18th July 2025 the AWPR increased by 13bps to 8.01% from 7.88% seen in the previous week. In the forex market, the LKR depreciated against the greenback, closing at LKR 301.6/USD, compared to the previously seen rate of LKR 301.5/USD.
Meanwhile, overnight liquidity in the banking system expanded to LKR 103.93Bn from the previously seen level of LKR 87.01Bn.
Courtesy: First Capital Research
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