ASPI and S&P SL20 rise on high market turnover

• 23 Jan 2026
• 0

The Colombo Bourse showed a positive sentiment today on the back of heightened participation from both HNW and retail investors, bringing the indices to new all-time high levels.

ASPI moved up by 143 points, closing at 23,957 while S&P SL20 index increased by 32 points, closing at 6,649. Top positive contributors to the ASPI were LOLC, DOCK, COMB, BIL and MELS. Daily turnover stood at LKR 10.5Bn, which marks an increase of 83.1%, over the monthly average of LKR 5.7Bn, showcasing the positive sentiment of the overall market.

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Capital Goods sector led the daily turnover with a share of 39%, followed by the Diversified Financials, and Real Estate Management & Development sectors collectively contributing 26%. Foreign investors remained net sellers, posting a net outflow of LKR 82.1Bn.

BOND MARKET

Buying interest supports secondary market as mid to long-term yields ease

The secondary bond market recorded moderate trading volumes, with buying interest evident, while yields across the mid- to long-term tenors edged slightly lower.

In terms of activity, the 01.08.2026 tenor traded at 8.30%. Within the 2027 segment, the 15.09.2027 and 15.12.2027 maturities traded in the range of 8.97%–9.00%.

Moving into 2028, the 01.07.2028, 15.10.2028, and 15.12.2028 tenors were seen trading between 9.15%–9.20%. In the 2029 segment, the 15.10.2029 and 15.12.2029 maturities traded within the 9.60%–9.67% range.

For 2030 maturities, the 01.03.2030, 15.05.2030, and 01.07.2030 tenors traded between 9.68%–9.70%. Further along the curve, the 15.03.2031 maturity traded at 9.95%, while the 15.05.2031 tenor traded between 10.10%–10.12%.

The 01.10.2032 and 15.12.2032 maturities traded in the range of 10.27%–10.31%, followed by the 01.06.2033 tenor at 10.65%–10.66%. At the long end, the 15.06.2035 maturity traded between 10.98%–11.01%.

On the external front, the LKR slightly depreciated against the USD, closing at LKR 309.80/USD compared to LKR 309.68/USD recorded the previous day. Overnight liquidity in the banking system expanded to LKR 166.13Bn from LKR 157.54Bn recorded previously

Courtesy: First Capital Research

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