1 week Ago By Sahan Weerasooriya
The CSE yesterday moved upwards when other stock markets, especially those in the Asian region, bounced back. This was considered a technical bounce back after witnessing huge selling pressure following the US President Donald Trump’s reciprocal tariff hikes, stock market analysts said. On Monday, the market plunged more than 5 percent shortly after opening, triggering a trading halt for a while.
But yesterday Asian markets technically bounced back. Therefore, the CSE also moved towards green territory, which put the market into a stable position, market analysts added. The All Share Price Index went up by 460 points while S and P SL20 rose by 190 points.
Turnover stood at Rs 2.9 billion with four crossings. Those crossings were reported in JKH, which crossed 5.
8 million shares to the tune of Rs 115 million and its shares traded at Rs 19.7, Access Engineering 2.95 million shares crossed to the tune of Rs 110 million; its shares traded at Rs 37.
3, DIMO 72000 shares crossed to the tune of Rs 72.3 million; its shares sold at Rs 1000 and HNB 150,000 shares crossed for Rs 41.8 million, its shares traded at Rs 279.
In the retail market top seven companies that mainly contributed to the turnover were; Sampath Bank Rs 302 million (2.8 million shares traded), Commercial Bank Rs 206 million (1.5 million shares traded), HNB Rs 163 million (585,000 shares traded), JKH Rs 138 million (7.
1 million shares traded), Access Engineering Rs 123 million (3.2 million shares traded), Prime Lanka Rs 90.8 million (8.
2 million shares traded), and RIL Properties Rs 87.8 million (5.7 million shares traded).
During the day 148 million share volumes changed hands in 20000 transactions. It is said that the manufacturing and banking sectors were the main contributors to the turnover. JKH was the main contributor from the manufacturing sector while Sampath Bank and Commercial Bank were second largest contributors to the turnover.
Siyapatha Finance, a subsidiary of Sri Lanka’s Sampath Bank, will issue up to 50 million debentures to raise Rs 5 billion, the finance company said. Initially 30 million of the listed, rated, senior, unsecured, redeemable debentures will be issued at Rs 100 each. In the event of an oversubscription of the initial issue a further 10 million debentures will be issued, the company reportedly said.
Commercial Bank’s proposed Rs 15 billion green bond issue has been assigned an expected national long-term rating of ‘A (EXP)(lka)’ by Fitch Ratings. The Basel III-compliant subordinated green bonds with a non-viability clause, maturing in 5, 7 and 10 years, will be listed on the Colombo Stock Exchange. Yesterday, the rupee was quoted at Rs 298.
00/50 to the US dollar in the spot market, weaker from Rs 297.70/298.20 on the previous day, dealers said, while bond yields were broadly steady.
A bond maturing on 15.12.2026 was quoted at 9.
45/55 percent, up from 9.40/55 percent. A bond maturing on 15.
09.2027 was quoted flat at 9.95/10.
05 percent. A bond maturing on 15.10.
2028 was quoted at 10.40/50 percent, down from 10.45/50 percent.
A bond maturing on 15.12.2029 was quoted at 10.
80/85 percent, from 10.75/95 percent. A bond maturing on 15.
10.2030 was quoted at 10.80/11.
00 percent, down from 10.85/11.10 percent.
The Central Bank announced there would be an auction of Rs.100, 000 million Treasury bonds on Thursday and an auction of Rs. 80,000 million Treasury bills today.
The Central Bank’s telegraphic transfer rate for euro buying was Rs 320.2358 and selling was Rs 333.0218 .
TT for yen buying was Rs 1.9831, and selling was Rs 2.0604.
TT for US dollar buying was Rs 293.4455, selling Rs 302.1451.
By Hiran H.Senewiratne.
