Stock Market ASPI closes at all-year high

(COLOMBO, LANKAPUVATH) –After the Presidential election the market witnessed a bullish sentiment for the second consecutive day mainly contributed by JKH and CCS. The benchmark index, All Share Price Index (ASPI), closed for the day at an all year high of 6,129 gaining 107 points.

Parcel trades made in JKH, CARG, COMB and HNB constitutes 10% of turnover rising above a 2 month high. Foreigners continued to be net sellers amidst high foreign participation.

With the outcome of the Presidential election, the secondary bond market experienced a bullish sentiment with heavy buying interest across the board resulting the yield curve shifting downwards. The Sri Lanka rupee ended stronger at 179.50/60, while gilt yields eased pushed by buying, brokers and dealers. In the spot market, the rupee closed at 180.25/30 to the greenback on Friday.

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