CSE remains on a positive run despite low turnover

• 23 Sep 2021
• 0

Bourse managed to remain in the green zone while trading positively throughout the session despite recording a low turnover of LKR 2.0Bn. In the beginning, index gained 93 points and hit an intraday high of 8,881 and seesawed the rest of the session.

Despite the subsequent dip in the index during the 2nd half of the session, index managed to hold the grip of an uptrend as investors regained their confidence back and slightly took sideways before closing at 8,830, gaining 42 points.

Turnover was recorded at LKR 2.0Bn led by the Transportation sector, followed by the Food, Beverage & Tobacco sector accounting for a joint contribution of 60%. Foreign investors remained net sellers while recording low participation.

Meanwhile in the debt market secondary market yield curve continued to witness an upward shift amidst selling interest of the market participants although overall market recorded thin trades during the day.

In the short end of the yield curve, 01.09.23 maturity and 01.10.23 maturity changed hands at 8.00% while in the belly end of the curve, 01.08.25 and 01.08.26 traded at 9.25% and 9.50% respectively. Moreover, 15.10.27 was seen changing hands at 9.75% while 15.05.30 at 10.00%.

First Capital Research

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