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Friday December 9th, 2022
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Sri Lanka's shares steady in mid market trade on Friday (09) after gaining for seven straight sessions.
Central Bank’s guidance peg for interbank transactions was at 363.18 rupees against the US dollar
The market breached the 9000 psychological mark during the first hour into trade.
"Lanka IOC shares were reactivated due to global fuel prices being on the low and stable fuel prices in Sri Lanka."
ASPI closed 0.43 percent or 37.59 points higher at 8,881.34.
Central Bank’s guidance peg for interbank transactions was at 363.18 rupees against the US dollar unchanged.
The debt office offered 85 billion rupees of bills and sold only 75.5 billion.
"The market was pushed up over the news of a potential 10 year debt moratorium," analysts said.
Sri Lanka officials have said that the IMF deal could take as long as March
Central Bank’s guidance peg for interbank transactions weakened by one cent
The market saw a foreign inflow of 1 billion rupees, the highest inflow since September 27
Dealers said with more buying interest revolved around T-bonds, no bills were quoted for the day.
Positive sentiments on interest rates easing and government holding talks multilateral creditors boosting the market
Central Bank’s guidance peg for interbank transactions was flat at 363.19
| Latest | Last | |
|---|---|---|
| US Dollar | 371.7757 | 371.7599 |
| UK Pound | 442.7119 | 438.8584 |
| Euro | 387.1945 | 385.3880 |
| Aus Dollar | 253.0234 | 251.0798 |
| Yen | 2.6686 | 2.6603 |
| Latest | Last | |
|---|---|---|
| Indian Rupee | 4.4818 | 4.4863 |
| Korea Won | 0.2748 | 0.2747 |
| Oman Rial | 944.1068 | 944.1068 |
| Saudi Riyal | 96.7270 | 96.7115 |
| UAE Dirham | 98.9627 | 98.9627 |
| pts | % | |
|---|---|---|
| S&P SL20 | 2,464.20 | -3.19% |
| CSE All Share | 8,087.04 | -2.47% |
| Turnover Rs million | 1,626,658,918 | 1,576,314,848 |
| Latest | Last | |
|---|---|---|
| 3-m bill | 31.03 | 31.03 |
| 6-m bill | 29.57 | 29.60 |
| 12-m bill | 28.41 | 28.41 |
| 5-yr bond | 27.49 | 27.57 |
| 8-yr bond | 27.44 | 27.23 |
| today | yesterday | |
|---|---|---|
| Overnight Money | 15.50 | 15.50 |
| Gilt Repo | 15.50 | 15.50 |
| I-m SLIBOR | - | - |
Market is gaining on positive sentiments from the economic front
The Central Bank’s guidance peg for interbank transactions was flat at 363.19 rupees
Market has continued to gain for the past four sessions.
“Investor participation improved on the back of confirmed talks with multilateral and bilateral lenders...."
Speculation on talks with ADB and World Bank to obtain financial aid triggered buying interest
Sri Lanka shares rose over 3 percent within the first hour of trade on Wednesday (30).
Overall market on lackluster sentiments
Speculations on interest rates easing continued
Expects to end 2022 with US$1.2bn
"Market is still being pushed by Expolanka's expansion news, while Lanka IOC is moving on higher valuation."
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