The Colombo Bourse extended its upward momentum, with the ASPI gaining 150 points to close at 22,784. While HNW activity remained relatively subdued, retail participation was strong, particularly in small to mid-cap counters.
CFIN, COOP, HARI, DFCC, and WIND emerged as key positive contributors to the index. Turnover stood at LKR 7.4Bn, in line with the monthly average of LKR 7.4Bn. Notably, a LKR 1.6Bn crossing in SEYB contributed significantly to today’s activity.
The Banking sector dominated turnover, accounting for 37% of the total, while the Diversified Financials and Capital Goods sectors collectively added 29%. Meanwhile, foreign investors remained net sellers, posting a net outflow of LKR 86.5Mn.
BOND MARKET
Yield curve holds firm as market stays quiet at week’s onset
Following a long weekend, the secondary market opened the week on a notably quiet note, characterized by ultra-thin trading volumes.
Additionally, sentiment among the market participants was subdued, with low market activity. Accordingly, the yield curve remained largely unchanged. Among the traded maturities, at the short end of the curve, the 15.01.2027 maturity traded at a rate of 8.39%, whilst the 15.09.2027 maturity changed hands at 8.83%.
On the external front, the LKR depreciated against the USD, closing at LKR 303.03/USD compared to LKR 302.99/USD seen previously. Overnight liquidity in the banking system contracted slightly to LKR 120.1Bn from LKR 133.2Bn recorded the previous day. Furthermore, the Weekly Average Weighted Prime Lending Rate (AWPR) for the week ending 17-Oct-25 declined by 26bps to 7.93%, compared to the previous week.
Courtesy: First Capital Research
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