Bourse trading continuing on a bearish course due to external uncertainties

By Hiran H.Senewiratne CSE trading kicked off on a slightly positive note yesterday but later slowed down due to hesitancy on the part of local and foreign investors to take firm decisions on account of the international economic situation continuing to be confused in the wake of the US-induced tariff war and attendant factors. The All Share Price Index went down by 16.

96 points, while the S and P SL20 went down by 1.17 points. Turnover stood at Rs 1.



17 billion with one crossing. The crossing was reported in DFCC, which crossed 200,000 shares to the tune of Rs 21 million; its shares traded at Rs 105. In the retail market top companies that mainly contributed to the turnover were; Sampath Bank Rs 118 million (1 million shares traded), Commercial Credit Rs 82.

9 million (1.2 million shares traded), Lanka IOC Rs 78.9 million (609,000 shares traded), HNB Rs 57.

5 million (191,000 shares traded), Sunshine Holdings Rs 45.9 million (2.1 million shares traded), Vallibel Finance Rs 44 million (693,000 shares traded) and Commercial Bank Rs 41 million (219,000 shares traded).

During the day 42.3 million share volumes changed hands in 13000 transactions. It is said that banking and finance sector was the main contributor to the turnover, while the services sector was the second largest contributors to the turnover.

Lankem Developments PLC said its rights issue of 40,000,000 ordinary shares at Rs 15 each has been oversubscribed. “Total subscription received amounts to Rs. 752,564,220.

00 (inclusive of additional shares applied for), the company had said in a filing to the CSE. The stock was trading up 1.69 percent at Rs 18.

00. Yesterday the rupee opened at Rs 298.85/299.

25 to the US dollar in the spot market, from 299.00/10 Thursday, dealers said, while bond yields were broadly steady. A bond maturing on 15.

09.2027 was quoted flat at 9.70/80 percent.

A bond maturing on 15.02.2028 was quoted at 9.

95/10.00 percent. A bond maturing on 01.

05.2028 was quoted at 10.05/15 percent, from 10.

08/13 percent. A bond maturing on 15.10.

2028 was quoted at 10.20/30 percent, from 10.23/28 percent.

A bond maturing on 15.09.2029 was quoted at 10.

50/60 percent. A bond maturing on 15.12.

2029 closed at 10.55/65 percent, up from 10.58/62 percent.

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