ASPI Ends Lower as Trading Activity Falls Well Below Monthly Average
Colombo's ASPI eased as turnover fell 51% below the monthly average, with banking counters leading a subdued trading session.
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.
Excess liquidity in the banking system rose by more than LKR 20 billion in a single session, reflecting a significant shift in short-term.
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