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.
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 foreign flows turned positive at LKR 955Mn, but one counter drove the inflow. YTD foreign outflows remain at LKR 36.3Bn.
CSE turnover hit LKR 4.3Bn, 150% above the monthly average, even as the ASPI and S&P SL20 closed marginally lower.
One counter accounted for 51% of Colombo Stock Exchange turnover and volume in a session where overall trading activity ran above the monthly.
Capital Goods stocks dominate Colombo Bourse trading, with Banking and Food, Beverage & Tobacco adding a further 36% of turnover for the session.
CSE turnover slumps well below the monthly average even as ASPI and S&P SL20 extend gains, with Capital Goods and JKH leading a.