ASPI Extends Gains as Trading Activity Rebounds on Rating Upgrade Optimism
ASPI adds 75 points as Colombo Bourse turnover rebounds on rating upgrade optimism, though foreign investors remain net sellers.
ASPI adds 75 points as Colombo Bourse turnover rebounds on rating upgrade optimism, though foreign investors remain net sellers.
ASPI and S&P SL20 slip 0.5% as banking counters account for 41% of turnover; foreign investors turn modest net buyers.
Foreign investors post another net outflow on the CSE, pushing year-to-date selling close to LKR 56Bn, with one counter driving most of the.
Colombo's ASPI eased as turnover fell 51% below the monthly average, with banking counters leading a subdued trading session.
Foreign investors' year-to-date net selling on the CSE nears LKR 50.3Bn, even as daily outflows remain minimal and the ASPI advances.
ASPI and S&P SL20 rise as CSE turnover thins; government securities yields fall across the curve and the rupee firms against the dollar.
CSE turnover hit LKR 8.5Bn as Cargills drove 48% of trading and nearly all foreign selling. ASPI gained 0.40% to close at 21,167.
The ASPI declined 147 points on June 30 as geopolitical uncertainty drove a broad equity selloff, while fresh data showed headline inflation accelerating.
The ASPI gained 198 points on June 25 as turnover returned to the monthly average, while the rupee recorded its sharpest single-session decline.
The Colombo Stock Exchange closed weaker on June 24 as selling pressure in key large-cap counters pushed both indices lower, while market turnover.