By Hiran H. Senewiratne
The CSE did not perform well yesterday owing to a host of external and internal environmental factors that did not support stock trading, market analysts said.
The All Share Price Index went down by 41.53 points, while the S and P SL20 declined by 14.92 points. Turnover stood at Rs 873 million with four crossings.
Those crossings were: Standard Chartered Capital crossed 3.9 million shares to the tune of Rs 150 million; its shares traded at Rs 40, Sampath Bank 688,000 shares crossed for Rs 96 million and its shares sold at Rs 139.50, Lanka IOC 488,000 shares crossed for Rs 63 million; its shares sold at Rs 128.50 and NDB 500,000 shares crossed for Rs 55 million; its shares sold at Rs 110.
In the retail market companies
that mainly contributed to the turnover were; Digital Mobility Solutions Rs 36 million (237,000 shares traded), Ambeon Capital Rs 34 million (1.1 million shares traded), LB Finance Rs 34 million (227,000 shares traded), Commercial Bank Rs 27 million (133,000 shares traded), JKH Rs 23 million (1.2 million shares traded), Sampath Bank Rs 22 million (126,000 shares traded) and HNB Rs 20 million (52000 shares traded). During the day 30 million share volumes changed hands in 10403 transactions.
Banking sector counters, especially Sampath Bank and Commercial Bank, performed well while among financial sector counters LB Finance performed well. JKH was also active at the floor.
Fitch Ratings has upgraded state-run Bank of Ceylon’s Long-Term Foreign- and Local-Currency Issuer Default Ratings to ‘B-’ from ‘CCC+’ with a Stable Outlook, following the recent sovereign rating upgrade. The rating agency also upgraded the lender’s Viability Rating to ‘b-’ from ‘ccc+’ and raised its Short-Term Issuer Default Rating to ‘B’ from ‘C’.
Aitken Spence Hotel Holdings PLC’s rated, unsecured, senior redeemable debentures were listed on the CSE yesterday across five-year and seven-year tenors. The listing follows the hospitality group’s debenture issuance launched in September, which was oversubscribed on its opening day to raise up to Rs 5 billion.
Yesterday the rupee was quoted at Rs 330.65/70 to the US dollar in the spot market from Rs 330.60/70 the previous day, while bond yields were broadly steady, dealers said.
A bond maturing on 15.10.2028 was quoted at 10.51/54 percent, up from 11.48/53 percent.
A bond maturing on 15.10.2029 was quoted flat at 10.80/90 percent.
A bond maturing on 01.08.2030 was quoted at 11.10/15 percent, down from 11.10/18 percent.
A bond maturing on 15.10.2030 was quoted at 11.15/20 percent, down from 11.20/25 percent.
A bond maturing on 15.12.2032 was quoted at 11.65/70 percent, down from 11.65/75 percent.
A bond maturing on 15.10.2034 was quoted flat at 11.95/12.00 percent.
At the end of September, the rupee had depreciated by 6.3 percent against the US dollar on a year-to-date basis, the Central Bank said.
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