The bourse closed in green for the third consecutive session at 8,927 gaining 96 points. The overall market confidence was boosted with the banking sector counters contributing exceptionally well after the central bank assured the banks that the regulatory stance in the on-going DDO discussions with the diverse stakeholders will be that the banking sector stability cannot be put at risk.

Furthermore, there was revitalized interest on BIL as it was one of the top active shares due to the acquisition of 85% of James Finlay (Kenya) ltd by B Commodities – a subsidiary of BIL.

The Retail Sector investors rather took a sidelined approach as the results for the quarter ended in March is not yet published nor has been expected to be in favor of the investors.

Meanwhile, the turnover was recorded as LKR 885.2Mn, 4.6% lower than the monthly average of LKR 928.0Mn backed by the Banking Sector (27%), Capital Goods sector (10%), Transportation Sector (10%) and Food, Beverages and Tobacco Sector (10%), respectively.

Yield curve edges high as selling intensifies

Secondary market continued to witness selling pressure among market participants as DDR worries persist amidst the absence of clear direction on the same. Accordingly, in the midst of mounting selling interest, rates of 01.05.2027 and 15.09.2027 further moved up. During the day, 15.05.2026 traded at 29.00% while 15.09.2027 traded at 28.25%.

Courtesy: First Capital Research