Turnover surpasses over Rs. 1 Bn mark

Bourse sustained its upward trajectory for the second consecutive day following Sri Lanka’s pivotal agreement with the Official Creditor Committee (OCC), led by the Paris Club and India, for debt restructuring in alignment with IMF program parameters.

The deal, which is crucial for the country’s economic recovery, involves restructuring about USD 5.9Bn in debt. Amidst the positive developments, active collection extended on Banking sector and Blue chip counters, including JKH and MELS. In response to that, the index spiked by over 80 points at the outset and continued to trade positively throughout the day, closing at 10,594.

Moreover, as the WAYR at the Bills and bond auction continued to decelerate, buying sentiment reactivated on the Treasury counters. With macro uncertainties easing, retail participation improved, resulting in a turnover of LKR 1.9Bn. Capital Goods emerged as the largest contributor to the overall turnover at 45%, largely supported by foreign buying on JKH, amounting to Rs 606.5Mn.

First Capital Research

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