Sri Lanka rupee closes stronger at 293.00/20 to dollar, bond yields steady

ECONOMYNEXT – The Colombo Stock Exchange closed up on Wednesday, data on its site showed.

The broader ASPI closed up 0.20 percent, or 24.98 points, at 12,770; while the more liquid S&P SL20 Index closed up 0.22 percent, or 8.59 points, at 3,864.

Turnover was 7 billion.

A crossing on Harischandra Mills (flat at 4,040.50) contributed over a billion to the turnover.

“There has been an increase in retail activity in the market with the uncertainty receding, and rates coming down,” market participants said.

There was also a crossing on Swadeshi Industrial Works (flat at 15,003.50) with high net worth individuals being active.

“If you take these transactions out, the turnover was still high.”

Top contributors to the ASPI were Melstacorp (up at 95.90), NDB (up at 87.60), CFIN (up at 125.50), Hayleys (106.00) and Tokyo Cement (up at 52.660). (Colombo/Oct30/2024)

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