The Colombo Bourse closed positive in February, with the benchmark All Share Price Index (ASPI) rising +3.3% MoM to 10,652 points (an increase of 341 index points MoM). Meanwhile, the more liquid S&P SL20 index increased +4.9% MoM to 3,037 points (an increase of 141 index points).
CT CLSA Research’s Sri Lanka Monthly Report said that the average daily turnover increased to Rs.1,728 million in February 2024 (vs. Rs.715mn in January 2024). Top contributors to monthly turnover were John Keells Holdings (JKH, Rs.14,023 mn, 77 million shares), LB Finance (LFIN, Rs.1,840 million, 30mn shares), and Expolanka Holdings (EXPO, Rs.1,476 million, 11 million shares).
A net foreign outflow of Rs.1,530 million was recorded in February 2024 following a net foreign outflow of Rs. 2,117 million in January 2024.
The report also said that Market interest rates declined further during the month of February 2024 led by a decline in Treasury bill rates with inflation expectations remaining anchored well, despite the rise in VAT from January 1, 2024.
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