The investor sentiment remained mixed during the day, with fluctuations observed in the ASPI. In the global context, oil prices saw volatility with gains during the early hours, however moving upward later, underpinning the mixed interest in the Colombo Bourse.

The ASPI shed 57 points to close at 20,260, while the S&P SL20 closed at 5,783, with a drop of 6 points. HHL, CIC, CTHR, SEMB, and LOLC were the top negative contributors to the ASPI.

Additionally, the blue-chip counters seemed to remain strong during the day. Retail investor participation remained at average levels, while HNW investors were the driving force of today’s turnover.

Notably, an off-board transaction in CHOT contributed to 50.3% of the total turnover. Turnover stood at approximately LKR 1.2Bn, marking a decrease of 17.1% over the monthly average of LKR 1.4Bn. Consumer Services sector led the daily turnover with a share of 51%, followed by the Capital Goods, and Materials sectors collectively contributing 20%. Foreign investors turned net buyers, posting a net inflow of LKR 7.3Mn.

BOND MARKET

Secondary market activity stalls ahead of T-Bond auction

The secondary market opened trading for the week on a dull note as investors broadly remained on the sidelines in anticipation of tomorrow’s T-Bond auction. On that note, trades were minimal, amidst thin volumes.

Among the trades that were executed, the 15.10.2030 bond saw some activity and was recorded trading at a yield of 11.38%, followed by the 01.12.2031 maturity, which transacted at 11.60%.

Moving along towards the belly, the 15.10.2034 bond traded from 12.15% to 12.20%. The PDMO is scheduled to hold a T-Bond auction tomorrow, the 13th Oct 2026,  at which a sum of LKR 100.0Bn is expected to be raised via 15.09.2029, 01.12.2031 and 15.08.2036 maturities.

On the external front, the LKR marginally appreciated against the USD, standing at LKR 330.85/USD, compared to LKR 330.96/USD seen earlier. Market liquidity in the banking system slightly contracted to LKR 398.95Bn compared to LKR 399.14Bn recorded previously.

-First Capital Research-