Sri Lanka’s bond yields increased ahead of a 300 billion rupee auction, with dealers noting a rise in yields for bonds maturing in 2028. In the secondary market, bonds maturing on February 15, 2028, were quoted at 13.30/50%, up from 13.15/40% the previous day. Similarly, bonds maturing on July 1, 2028, rose to 13.70/85% from
On Monday, September 9, 2024, Sri Lankan dollar bonds experienced a sharp sell-off, which may attract bargain hunters as investors reassess their positions ahead of the upcoming presidential elections, market experts suggest. According to Bloomberg, the decline in Sri Lankan dollar bonds intensified as investors reduced their exposure due to rising political uncertainties ahead of
The Colombo Stock Exchange closed lower on Monday, according to data from its site. The broader All Share Index dropped by 1.67 percent, or 191.01 points, closing at 11,251. The more liquid S&P SL20 Index declined by 2.30 percent, or 75.77 points, to close at 3,214. Turnover for the day was 863 million. “We believe
Sri Lanka’s Purchasing Managers’ Index for Construction (PMI – Construction) surged to 59.5 in June 2024, marking its highest value in 30 consecutive survey rounds. Respondents attributed this growth mainly to projects funded by multilateral agencies, particularly those related to road rehabilitation and water distribution. June saw a significant increase in new orders, indicating a