ASPI soars high on sustained investor optimism

• 12 Jun 2025
• 0

The Bourse continued its bullish momentum, marching onwards and upwards through sustained investor optimism and increased activity.

The ASPI maintained steady upward movement throughout the session, closing at 17,658 having registered a gain of 157 points. The key positive drivers of the index primarily consisted of Banking sector counters such as HNB, NDB, DFCC and SAMP, alongside JKH.

Retail investors demonstrated robust engagement, followed by a reasonably high level of HNW involvement, with interest mainly towards Construction sector counters such as RCL and TILE.

Turnover reached LKR 5.7Bn, marking an increase of 15% relative to the monthly average of LKR 5.0Bn. The Capital Goods sector led today's turnover, contributing 24%, followed by the Banking, and Diversified Financials sectors, jointly accounting for 35%. Foreign investors remained net sellers, with a net outflow of LKR 101.5Mn

BOND MARKET

Market in slumber, yields barely budge

The secondary market withstood another dormant day of limited activity and thin volumes, in turn prompting the yield curve to hold steady.

Among the few trades that took place during the day, 15.02.2028 and 15.03.2028 traded at 8.70% while 01.07.2028 was seen changing hands at 8.80%. Moving ahead, the 15.12.2029 maturity traded at 9.50%. Finally, 15.03.2031 maturity traded at 9.95%.

Today, the Central Bank of Sri Lanka successfully completed its weekly T-Bill auction, raising the full initial offer of LKR 175.0Bn. The 3M T-Bill garnered LKR 15.0Bn, with its average weighted yield steady at 7.55%. Strong demand for the 6M tenor saw LKR 83.5Bn raised, while its yield inched down marginally by 1bps to 7.72%.

Meanwhile, the 12M T-Bill raised LKR 76.5Bn, maintaining a stable yield of 7.94%.In the forex market, the LKR appreciated marginally against the greenback, closing at LKR 299.10/USD, compared to the previously seen rate of 299.14/USD. Meanwhile, overnight liquidity in the banking system expanded to LKR 184.8Bn from LKR 182.7Bn in the previous session.

Courtesy: First Capital Research

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