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Friday December 9th, 2022
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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
"Lanka IOC shares were reactivated due to global fuel prices being on the low and stable fuel prices in Sri Lanka."
"Market is still being pushed by Expolanka's expansion news, while Lanka IOC is moving on higher valuation."
Market moved on speculation interest rates fall in line with the inflation and Expolanka's expansion plans,
Central Bank’s guidance peg for interbank transactions remained unchanged
Analysts said, that the market was driven by Expolanka and Lanka IOC on positive sentiments.
Prices climb for second week straight
Investor confidence have also been boosted by Central Bank governor's comment on the future of interest rates
The kerb rate for the US dollar was 371.00/372.50 down from 371.50-373.00 last week.
The shares closed 22.75 rupees up at 163.25 rupees a share on Friday.
Within the first hour of trade Expolanka shares contributed almost 50% of the turnover.
Budget policies failed to boost investor sentiment
| 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 | - | - |
The main All Share Price Index (ASPI) fell by 1.31% or 107.22 points within the first hour of trade.
Yields remained flat from the previous say
Main index ends at over 1-week high
CBSL to hold policy decision meeting on Thursday
Cut-offs also estimated around the same levels as last week
Top gainers were Richard Pieris and Company, Melstacorp and Browns Investments.
Index gained for the first time in seven consecutive sessions
Even though there is a small delay the market is reacting to that
The main index is down over 7.6% in the last six straight session after the 2023 budget presentation
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