By Hiran H. Senewiratne
CSE trading took on a positive turn yesterday because the capital goods sector performed well but global market uncertainty persisted.
Amid those developments both indices moved upwards. The All Share Price Index went up by 10.99 points while S and P SL20 rose by 11.50 points.
Turnover stood at Rs 1.22 billion with three crossings. Those crossings were: JKH 3.5 million shares crossed for Rs 59.3 million; its shares traded at Rs 19.80, HNB Life 300,000 shares crossed to the tune of Rs 45 million; its shares sold at Rs 150 and Sierra Cables 1 million shares crossed to the tune of Rs 34.5 million; its shares sold at Rs 34.50.
In the retail market companies that mainly contributed to the turnover were; Sierra Cables Rs 263 million (7.7 million shares traded), Pan Asia Bank Rs 93 million (1.7 million shares traded), Haycarb Rs 90 million (507,000 shares traded), CTC Rs 27 million (14660 shares traded), Commercial Credit and Finance Rs 26 million (243,000 shares traded), JAT Holdings Rs 25 million (712,000 shares traded) and JKH 23 million (1.1 million shares traded). During the day 50.3 million share volumes changed hands in 2229 transactions.
It is said that the manufacturing and capital goods sector performed well at the floor, especially JKH and Sierra Cables, while banking sector counters did not perform well.
Meanwhile, Sierra Cables announced a board-approved capital investment plan of USD 3,229,760 in new machinery and infrastructure to double its export production capacity in response to strong overseas demand. The capacity expansion is set to complete by the end of FY2026/27, becoming commercially operational from April 1, 2027. Shares of Sierra Cables closed up 6.13 percent at 34.60 rupees.
Yesterday the rupee appreciated further to Rs 329.25/50 to the US dollar in the spot market, from Rs 330.10/20 the previous day, while bond yields held broadly steady, dealers said.
A bond maturing on 15.12.2028 was quoted at 10.25/35 percent.
A bond maturing on 01.08.2030 was quoted at 10.75/85 percent, down from 10.80/90 percent.
A bond maturing on 01.08.2030 was quoted at 10.80/90 percent.
A bond maturing on 01.02.2031 was quoted at 10.85/93 percent.
A bond maturing on 15.12.2032 was quoted flat at 11.15/25 percent.
A bond maturing on 15.01.2033 was quoted at 11.25/30 percent.
A bond maturing on 15.10.2034 was quoted at 11.65/75 percent, down from 11.70/80 percent.
A bond maturing on 15.08.2036 was quoted at 11.90/12.00 percent, down from 11.95/12.00 percent.
A bond maturing on 01.07.2037 was quoted at 11.95/12.05 percent, up from 11.95/12.00 percent.
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