ASPI remains largely flat

• 20 Jan 2026
• 0

Colombo Bourse showed mixed sentiment, with the ASPI slightly declining amid volatility, suggesting cautious trading and some profit-taking, while the S&P SL20 trended slightly higher through the session.

Overall investor sentiment appears mildly selective on S&P SL20 counters while being cautious in the broader market but more confident in leading, large-cap stocks.

ASPI slightly declined by 4 points closing at 23,624. S&P SL20 index moved up by 5 points to 6,545. Top negative contributors for the ASPI were SFCL, JKH, BUKI, CTHR and DFCC.

The conversion of DOCK rights issue shares into voting shares helped slightly moderate the decline in the ASPI, while contributing LKR 1.3Bn (24.8%) to the total turnover.

Daily turnover stood at LKR 5.2Bn, representing a 1.9% decrease over the monthly average of LKR 5.3Bn. Retail and HNW investor participation remained average.

Capital Goods sector was the major contributor to the daily turnover accounting 49% of the turnover, followed by the Materials and Banking sectors, which together contributed 23%. Foreign investors remained net sellers, posting a net outflow of LKR 90.9Bn

BOND MARKET

The secondary market sees buying interest amidst steady yields

The secondary market saw some buying interest amid moderate volumes, with trades executing from mid-to-long-term maturities. The yields held steady across all the tenors.

Over 2028 segment, 01.09.2028, 15.10.2028 and 15.12.2028 were traded within the range of 9.18%-9.22%. Moving ahead, 15.09.2029 and 15.12.2029 maturities traded between 9.64%-9.75%.

Further along the curve, both 15.03.2031 and 01.12.2031 changed hands between 10.10%-10.00%, while 01.06.2033 traded within bounds from 10.70%-10.72%. Furthermore, towards the long-end, 15.06.2035 changed hands in the range of 11.07%-11.10% and 15.08.2039 traded at 11.05%.

On the external front, the LKR depreciated against the USD, closing at LKR 309.74/USD compared to LKR 309.66/USD recorded the previous day. Overnight liquidity in the banking system expanded to LKR 200.77Bn from LKR 196.08Bn recorded previously.

Courtesy: First Capital Research

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