The business sentiment and confidence among investors were visible yesterday at the CSE despite there being an emergency situation in the country stemming from the weather havoc.
Share trading lasted only three hours, yesterday being a public holiday owing to the adverse weather. Moreover business networking and connectivity issues occurred.
Amid those developments both indices moved upwards. The All Share Price Index up by 50.73 points while the S and P SL20 rose by 10.12 points. Turnover stood at Rs 1.94 billion with three crossings.
Those crossings were reported in JKH where 3.4 million shares crossed to the tune of Rs 75 million; its shares traded at Rs 22, DIMO 35000 shares crossed for Rs 73.5 million; its shares traded at Rs 2100 and Sampath Bank 175,000 shares crossed for Rs 25.4 million; its shares traded at Rs 145.
In the retail market companies that mainly contributed to the turnover were; JKH Rs 209 million (9.5 million shares traded), Dialog Axiata Rs 163 million (5.7 million shares traded), Colombo Dockyard Rs 125 million (279,000 shares traded), Access Engineering Rs 81 million (1.15 million shares traded), SLT Rs 54 million (133,000 shares traded), CW Macky Rs 45.1 million (287,000 shares traded) and Commercial Bank Rs 41 million (198,000 shares traded). During the day 63.2 million share volumes changed hands in 16279 transactions.
It is said that manufacturing sector counters, especially JKH, led the market while the banking sector, especially Commercial Bank, played an important role at the floor. The Telecommunications and motor vehicle sectors also actively participated in the market.
Yesterday the rupee was quoted at Rs 307.90/308.20 to the US dollar in the spot market, weaker from Rs 308.05/15 the previous day, dealers said, while bond yields remained steady.
Details are as follows:
A bond maturing on 15.03.2028 was quoted at 9.05/13 percent.
A bond maturing on 15.12.2028 was quoted at 9.15/25 percent.
A bond maturing on 15.06.2029 was quoted at 9.45/53 percent.
A bond maturing on 15.09.2029 was quoted at 9.50/57 percent, up from 9.50/55 percent.
A bond maturing on 15.10.2029 was quoted at 9.50/60 percent.
A bond maturing on 01.07.2030 was quoted at 9.55/60 percent, down from 9.59/64 percent.
A bond maturing on 15.03.2031 was quoted at 9.90/95 percent.
Meanwhile, a bond maturing on 15.12.2032 was quoted flat at 10.23/30 percent.
By Hiran H Senewiratne
from The Island https://ift.tt/aYBtVPp
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