Banking Counters Drive Trading as Colombo Bourse Slips
ASPI and S&P SL20 slip 0.5% as banking counters account for 41% of turnover; foreign investors turn modest net buyers.
ASPI and S&P SL20 slip 0.5% as banking counters account for 41% of turnover; foreign investors turn modest net buyers.
Excess liquidity in Sri Lanka's banking system rises to LKR 362.14Bn even as government bond yields climb on selling pressure.
Banking, Insurance and F&B counters drive over half of Colombo Stock Exchange turnover as overall trading stays below monthly average.
Colombo's ASPI eased as turnover fell 51% below the monthly average, with banking counters leading a subdued trading session.
Banking counters led Colombo Stock Exchange turnover as the ASPI and S&P SL20 both closed higher on strong retail participation.
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.
Capital Goods stocks dominate Colombo Bourse trading, with Banking and Food, Beverage & Tobacco adding a further 36% of turnover for the session.
Sri Lanka's overnight banking system liquidity rose to LKR 175.2Bn as CBSL held rates steady and short-term T-bill yields eased.
Excess liquidity in the banking system expanded further on July 6, reaching a level materially above the LKR 61 to 82 billion range.