Colombo Bourse slides as global tensions rattle investor confidence

• 30 Mar 2626
• 0

Amid heightened geopolitical uncertainty and the escalation of global oil prices, the Colombo bourse closed in negative territory.

The ASPI declined by 283 points to settle at 21,092. In parallel, the S&P SL 20 index recorded a decrease of 91 points, closing at 5,909. JKH, NDB, HAYL, MELS, and COMB emerged as the principal detractors, exerting the most significant downward pressure on the ASPI.

Meanwhile, participation of HNW and retail investors remained notably subdued throughout the session. Daily turnover stood at LKR 2.2Bn, marking a decrease of 56.6% over the monthly average of LKR 5.0Bn. Capital Goods sector led the daily turnover with a share of 28%, followed by the Banking, and Food Beverage & Tobacco sectors collectively contributing 36%. Foreign investors remained net sellers, posting a net outflow of LKR 32.5Mn.

BOND MARKET

Moderate activity and volumes see overall yield curve broadly stable

The secondary market witnessed mixed trading activity with moderate volumes keeping the overall yield curve broadly unchanged. Amongst the traded maturities, 01.05.2028, 15.09.2028, 01.03.2030, 01.11.2033, 15.06.2034, and 15.06.2035 were traded at yields of 9.65%, 9.95%, 10.00%, 11.03%, 11.10%, and 11.00%, respectively.

On the external front, the LKR depreciated against the USD, closing at LKR 314.88/USD compared to LKR 314.39/USD recorded previously. Liquidity in the banking system expanded to LKR 313.86Bn from LKR 288.31Bn recorded previously.

-First Capital Research-

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