Market turnover drops to LKR 2.3Bn, far below monthly average

• 27 Nov 2025
• 0

The Colombo Bourse slipped into bear-market territory, weighed down by weak investor interest and reduced turnover.

The ASPI declined by 182 points to close at 22,662, while the S&P SL20 fell by 43 points to 6,268 level. The day’s negative contributions were driven primarily by banking counters SAMP, COMB, and HNB supplemented by declines in RICH and DIAL.

Today’s market turnover fell to LKR 2.3Bn, 57.5% below the monthly average, entering the LKR 2.0Bn range for the first time since the LKR 2.4Bn recorded on 07-Jul-2025.

The Capital Goods sector accounted for 31% of total turnover, followed by Diversified Financials and Banking sectors, which collectively contributed 26%. Foreign investors remained net sellers, posting a net outflow of LKR 103.5Mn.

BOND MARKET

Secondary market stays subdued as attention shifts to the T-Bond auction

The secondary bond market saw mixed sentiment and moved through a quiet session overall, amid thin volumes, with activity largely concentrated in the short to belly end of the yield curve.

At the short end of the curve, the 15.02.2028, 01.05.2028 and 01.07.2028 maturities traded at yields of 9.10%, 9.12% and 9.15%, respectively.

Turning to 2029 maturities, the 15.06.2029 traded at 9.50% while the 15.09.2029 traded at 9.55%. Moving into the belly of the curve, the 2033-2035 segment saw modest activity, with the 01.06.2033 changing hands at 10.45%, the 15.09.2034 at 10.65%, and the 15.06.2035 at 10.70%.

The CBSL conducted a T-Bond auction today, where total acceptances fell short of the initial offer. For the 2030 maturity, LKR 17.4Bn was accepted against an initial offer of LKR 20.0Bn, despite bids totaling LKR 48.6Bn.

Meanwhile, the 2035 maturity was fully subscribed, with LKR 22.0Bn accepted in line with the initial offer, on total bids of LKR 70.5Bn. The weighted average yields for the two maturities were 9.53% and 10.39%, respectively.

On the external front, the LKR depreciated against the USD, closing at LKR 308.08/USD compared to LKR 307.91/USD seen previously. Overnight liquidity in the banking system marginally expanded to LKR 92.3Bn from LKR 91.4Bn recorded on the previous day.

Courtesy: First Capital Research

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