Colombo Stocks Extend Slide as Turnover Falls Well Below Monthly Average
ASPI and S&P SL20 close lower as CSE turnover drops 44% below average; rupee eases and Treasury yields tick higher.
ASPI and S&P SL20 close lower as CSE turnover drops 44% below average; rupee eases and Treasury yields tick higher.
Food, Beverage & Tobacco stocks made up 48% of Colombo Stock Exchange turnover Tuesday, as overall trading stayed a third below the monthly.
ASPI slips 0.61% on thin turnover as T-Bill yields rise across all tenors and the LKR softens against the dollar. Full Colombo market.
Sri Lanka’s Printcare to raise Rs700mn in rights issue as the company seeks fresh capital for investment and working capital, with shareholders offered.
Sri Lanka rupee weakened against the US dollar in spot trading on Tuesday, while government bond yields moved higher across several maturities amid.
Foreign investors have net sold LKR 56.56 billion in Sri Lankan equities year-to-date, even as daily and monthly outflows remain modest.
John Keells Holdings led CSE turnover and accounted for the bulk of net foreign selling, outweighing modest foreign buying across the rest of.
ASPI and S&P SL20 both closed lower as CSE turnover fell 36.5% below the monthly average and foreign investors posted a net outflow.
Sri Lanka rupee was quoted at 328.90/329.00 against the US dollar in the spot market on Monday, reflecting a slight weakening, while government.
Foreign investors remain net sellers on the Colombo Stock Exchange, with year-to-date outflows nearing LKR 56.5 billion, led by JKH.