1 day Ago By Sahan Weerasooriya
Stock market activities kicked off on a negative note at the outset due to the ex- dividend date faling yesterday. But later the market turned positive and picked up owing to the signing of bargain hunters during the day. Amid those developments both indices moved upwards.
The All Share Price Index went up by 123 points while S and P SL20 rose by 29.14 points. Turnover stood at Rs 1.
9 billion with one crossing. That crossing was reported in VallibelOne which crossed 629,000 shares to the tune of Rs 37.7 million and its shares traded at Rs 60.
In the retail market, companies that mainly contributed to the turnover were; Commercial Bank Rs 193 million (1.35 million shares traded),Sampath Bank Rs 177 million (1.5 million shares traded),Haylays Rs 123 million (872,000 shares traded), Commercial Credit Rs74.
5 million (1.2 million shares traded), JKH Rs 68.3 million (3.
3 million shares traded) and Hemas Rs 66.3 million (552,000 shares traded). During the day 63.
1 million share volumes changed hands in 15000 transactions. It is said that banking sector was the main contributor for the turnover especially with Commercial Bank and Sampath Bank while manufacturing sector was the second largest contributor especially with Haylays. Sri Lanka’s LOLC Finance Plc said it has disposed of its 40 percent stake in Commercial Insurance Brokers (Pvt) Limited.
“The Company disposed of the entire stake held in Commercial Insurance Brokers (Pvt) Limited (CIB) (40 percent ) for a consideration of Rs.332,880,000.00 on 31st March 2025,” LOLC Finance said in a CSE filing.
The transaction is subject to compliance with regulatory requirements. Yesterday the rupee was quoted at Rs 296.15/17 to the US dollar in the spot market, stronger from Rs 296.
25/35 last Friday, dealers said, while bond yields were somewhat steady. A bond maturing on 01.07.
2028 was quoted at 10.00/05 percent.A bond maturing on 15.
10.2028 was quoted at 10.05/15 percent.
A bond maturing on 15.09.2029 was quoted at 10.
35/40 percent, down from 10.40/45 percent. The Central Bank was quoting a rate of Rs 291.
9591 for buying and RS 300.4758 for selling for US dollar telegraphic transfers; a rate of Rs 314.2329 for buying and Rs 326.
9738 for selling for Euro; Rs 375.9897 buying and Rs 390.1010 for British pound; and Rs 1.
9395 buying and Rs 2.0163 selling for Japanese yen. By Hiran H Senewiratne.
