Colombo Bourse Extends Gains as Local Buying Offsets Foreign Selling
ASPI rose on local buying, foreign investors extended selling, and bond yields diverged as short rates eased and long yields climbed.
Reporting on stock market trends, bond yields, commodity prices, and currency exchange rates, along with analysis of how these factors impact investors and businesses.
ASPI rose on local buying, foreign investors extended selling, and bond yields diverged as short rates eased and long yields climbed.
One counter accounted for 51% of Colombo Stock Exchange turnover and volume in a session where overall trading activity ran above the monthly.
Long-tenor government bond yields climbed this week even as short-term T-Bill rates continued to ease, steepening Sri Lanka's yield curve.
Foreign funds posted a net outflow on the CSE even as the ASPI rose, extending a selling trend that has topped LKR 37.
Sri Lanka rupee at 336.15/25 to US dollar spot, bond yields edge up as the local currency strengthened marginally against the US dollar.
A small daily foreign inflow on the Colombo Stock Exchange is dwarfed by a LKR 36.2 billion year-to-date foreign outflow trend.
JKH accounted for 32% of Colombo Stock Exchange turnover as Capital Goods stocks dominated trading, raising questions about market breadth.
Sri Lanka's yield curve steepens as 5-6 year bond yields climb over 20 basis points while short-term T-bill rates ease ahead of a.
ASPI edges up as Colombo's bond market braces for a LKR 250 billion Treasury auction, with long-term yields climbing and liquidity rising.
Capital Goods stocks dominate Colombo Bourse trading, with Banking and Food, Beverage & Tobacco adding a further 36% of turnover for the session.