The CSE was extremely bearish yesterday, with a right issue by Colombo Dockyard proving a feature of some importance in the day’s trading.Amid those developments both indices moved downward. The All Share Price Index went down by 143.48 points, while the S and P SL20 declined by 3.85 points.
Turnover stood at Rs 3.45 billion with five crossings. Those crossings were reported in Hemas where 12.7 million shares crossed to the tune of Rs 441 million; its shares traded at Rs 34.70, CT Holdings 150,000 shares crossed for Rs 97.5 million; its shares traded at Rs 150, Royal Ceramic 1.2 million shares crossed to the tune of Rs 53.6 million; its shares traded at Rs 44.70, JKH two million shares crossed for Rs 42.2 million; its shares traded at Rs 21.10 and Access Engineering 200,000 shares crossed for Rs 29.4 million; its shares sold at Rs 73.50.
In the retail market companies that mainly contributed to the turnover were; Colombo Dockyard Rs 796 million (9.2 million shares traded), Tokyo Cement Rs 166 million (1.5 million shares traded), Hemas Holdings Rs 99 million (2.8 million shares traded), JKH Rs 90.4 million (4.3 million shares traded) and Hayleys Rs 73.6 million (381,000 shares traded). During the day 75.1 million share volumes changed hands in 24715 transactions.
It is said Colombo Dockyard led the market while construction related companies, especially Tokyo Cement and Access Engineering, performed well. The manufacturing sector, especially JKH, was among the top performers as well.
Yesterday the rupee was quoted at Rs 309.30/50 to the US dollar in the spot market, strengthening from Rs309.40/55 the previous day, after having depreciated over the week, dealers said, while bond yields moved up slightly.
The rupee closed at 309.05/15 last Friday.
Sri Lanka’s rupee has fallen from around 292 to the dollar in December 2024, amid record current account surpluses and narrowing budget deficits.
By Hiran H Senewiratne
from The Island https://ift.tt/n5HNlDF
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