Colombo Bourse Extends Gains as Turnover Spikes on Large Crossing
ASPI and S&P SL20 rise as CSE turnover jumps on a large crossing; foreign outflows, T-bill yields and LKR moves in today's snapshot.
ASPI and S&P SL20 rise as CSE turnover jumps on a large crossing; foreign outflows, T-bill yields and LKR moves in today's snapshot.
CSE turnover surges 443% above average on one large crossing; headline foreign outflow masks net buying elsewhere in the market.
ASPI gained 0.40% as CSE turnover hit LKR 8.5Bn on a single counter. T-bill yields eased across tenors amid tighter bank liquidity.
CSE turnover hit LKR 8.5Bn as Cargills drove 48% of trading and nearly all foreign selling. ASPI gained 0.40% to close at 21,167.
Colombo Stock Exchange turnover hit LKR 2.96bn, 56.6% above the monthly average, driven largely by crossing deals in RIL, AEL and JKH.
Foreign investors net-sold LKR 1.03bn in CSE equities in one session, led by RIL, as YTD foreign outflows pass LKR 37 billion.
Equity turnover surged past monthly averages even as indices dipped, while government bond yields steepened at the long end and the rupee firmed.
CSE turnover hit LKR 4.3Bn, 150% above the monthly average, even as the ASPI and S&P SL20 closed marginally lower.
ASPI rose on local buying, foreign investors extended selling, and bond yields diverged as short rates eased and long yields climbed.
Foreign funds posted a net outflow on the CSE even as the ASPI rose, extending a selling trend that has topped LKR 37.