Breaking the five-day negative streak, the Colombo Bourse closed in positive territory, supported by persistent bargain buying throughout the session. The ASPI advanced 75 points to end at 23,105.
Despite the market uptick, retail participation remained muted, while HNW activity was relatively subdued. SAMP, RICH, BUKI, JKH, and CARS emerged as the key positive contributors to the index.
Daily market turnover registered at LKR 3.5Bn, reflecting a notable 46% decline compared to the monthly average of LKR 6.5Bn. The Capital Goods sector dominated activity, accounting for 24% of total turnover, while the Banking and Food, Beverage & Tobacco sectors collectively contributed 39%.
Foreign investors remained net sellers, recording an outflow of LKR 40.9Mn for the day.
BOND MARKET
Mixed sentiment persists as the yield curve holds steady
The secondary bond market yield curve saw a mixed trading session, characterized by low volumes and subdued activity. Among the trades executed, the 15.01.2028, 15.03.2028, and 15.10.2028 maturities were traded at the rates of 9.02%, 9.03%, and 9.08%, respectively.
The 15.09.2029 and 15.10.2029 maturities traded at 9.50%, while the 15.05.2030 and 15.07.2030 maturities changed hands at 9.60%. Further along the curve, the 15.03.2031, 15.12.2032, and 15.06.2035 maturities traded at yields of 9.95%, 10.25%, and 10.65%, respectively.
On the external front, the LKR slightly depreciated against the USD, closing at LKR 308.47/USD compared to LKR 307.79/USD seen previously. Furthermore, the LKR has depreciated 5.4% year-to-date. Overnight liquidity in the banking system expanded to LKR 102.60Bn from LKR 95.62Bn recorded on the previous day.
Courtesy: First Capital Research
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