The Colombo Bourse closed in positive territory today, with the ASPI gaining 68 points to close at 21,766, while the S&P SL20 advanced 11 points to 6,077.

The market regained momentum as buying interest returned following the sustained sell-off witnessed over the past week, with investors taking advantage of attractive valuations across selected counters.

The recovery came despite lingering global uncertainties, while HNW investors remained active through negotiated crossings and retail participation stayed at average levels.

The main positive contributors to the ASPI were CCS, HAYC, DIAL, JKH, and RIL. Daily turnover stood at LKR 2.0Bn, which is broadly on par with the monthly average.

Banking sector led the daily turnover with a share of 37%, followed by the Capital Goods, and Food Beverage & Tobacco sectors collectively contributing 35%. Foreign investors remained net sellers, posting a net outflow of LKR 673.1Mn.

BOND MARKET

Secondary market winds up the week on a quiet note

The secondary market witnessed a subdued trading session with limited activity and low volumes ahead of the T-Bond auction scheduled for 13th July 2026, as market participants remained on the sidelines in anticipation of the auction.

Accordingly, the secondary market yield curve remained broadly unchanged. Foreign buying interest was evident, while participation from banks and primary dealers remained largely unchanged.

Among the traded maturities, the 15.06.2034 maturity traded at a rate of 11.80%. On the external front, the LKR depreciated against the USD, standing at LKR 336.40/USD, compared to LKR 335.46/USD seen earlier.

Furthermore, LKR also depreciated against the other major currencies such as GBP, EUR, JPY, CNY and AUD. Overnight liquidity in the banking system contracted to LKR 116.72Bn from LKR 139.0Bn recorded previously. Popular maturities traded:

15.06.2034: -8bps

-First Capital Research-