The Colombo Bourse rebounded today following two days downturn, supported by bargain hunting and renewed buying interest in Construction and Consumer related stocks. Increased participation from both retail and HNW investors was also evident.
As a result, the ASPI ended the day on a positive note at 20,613, recovering 38 points. DFCC, SAMP, DIAL, COMB, and HNB were the leading positive contributors to the index.
The market turnover stood at LKR 5.1Bn, reflecting a 19% decline compared to the monthly average of LKR 6.3Bn. The Capital Goods sector led turnover contributions, accounting for 23% of the total, while the Banking and Diversified Financials sectors together made up 32% of the overall turnover. Foreign investors turned net buyers with a net inflow of LKR 56.1Mn.
Subdued trading activity contributes to static yield environment
The secondary market continued to exhibit subdued momentum, with limited investor participation keeping yields broadly unchanged. Trading was largely confined to the short end, where the 15.05.2026 maturity saw transactions in the 8.05% to 8.10% range.
Moving ahead, the 01.07.2028 maturity was quoted at 8.97%. Finally, both 15.10.2029 and 15.12.2029 traded narrowly between 9.43% and 9.45%. In the forex market, the LKR depreciated against the greenback, closing at LKR 302.2/USD compared to LKR 302.0/USD seen previously.
Meanwhile, overnight liquidity in the banking system expanded to LKR 135.7Bn from the previously seen level of LKR 111.6Bn.
Courtesy: First Capital Research
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