Bourse ends in positive territory | Daily News


 

Bourse ends in positive territory

Bourse ended in the positive territory for the 7th consecutive session with the Banking counters contributing to 46% of the turnover. ASPI was uplifted predominantly due to the price advances in JKH & CCS. The market recorded a spike within the first few minutes of trading and reached its intraday high of 5,127, thereafter experienced a downward movement and hit its intraday low of 5,087. Later the index recovered and experienced a volatile sideways movement during mid-day. Within the last 30 minutes of trading the market witnessed a continuous uptrend and closed at 5,112 gaining 29 points. Parcel trades boosted the turnover contributing 22%. Market witnessed a net foreign outflow while recording low participation.

The secondary bond market continued to witness aggressive buying interest during the day resulting in a significant downward shift in yields across the board while recording high volumes.

With the heavy buying, 01.08.21, 15.10.21 and 15.12.21 traded between 5.85%-5.55% levels while 15.12.22 traded between 6.20%-5.90%. Moreover, 15.01.23 saw the yield ranging between 6.20%-6.04% while 15.07.23 and 01.09.23 traded between 6.55%-6.20%. 15.09.24 maturity changed hands in the range of 7.00%-6.62%, 01.05.25 in the range of 7.10%-6.80% and long tenor 15.10.27 within the range of 7.25%-7.11%.

Meanwhile treasury bill auction held today followed suit by recording a 80, 77 and 96 bps decline in 3M, 6M and 1Yr bills while accepting the total offered amount of LKR 27.0Bn. Furthermore, CBSL announced an issue of LKR 60.0Bn worth of treasury bonds through the auction to be held on 29th June 2020


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