Banking Counters Anchor Colombo Bourse Turnover as Market Extends Gains
Banking counters led Colombo Stock Exchange turnover as the ASPI and S&P SL20 both closed higher on strong retail participation.
Banking counters led Colombo Stock Exchange turnover as the ASPI and S&P SL20 both closed higher on strong retail participation.
Foreign investors net-sold Colombo equities as Sampath Bank drove most of the outflow, even as the ASPI closed higher on retail buying.
Sri Lanka's ASPI edged up slightly as T-bill yields fell across the board and banking liquidity expanded to LKR 299.5Bn.
Food, Beverage & Tobacco counters claimed 38% of CSE turnover as the ASPI edged up just 0.07% in a quiet trading session.
ASPI slips on profit-taking as CSE turnover falls below average; Treasury yields ease across the curve and rupee firms against the dollar.
ASPI gains 47 points on surging turnover as government securities yields fall sharply and foreign investors keep buying bonds.
Sector concentration defines the session as turnover surges 40% above monthly average despite modest index movement Trading on the Colombo Stock Exchange was.
Foreign investors' year-to-date net selling on the CSE nears LKR 50.3Bn, even as daily outflows remain minimal and the ASPI advances.
Banking, Capital Goods and Diversified Financials counters drove 62% of CSE turnover as overall trading volumes fell below average.
ASPI and S&P SL20 rise as CSE turnover thins; government securities yields fall across the curve and the rupee firms against the dollar.