• Wed. Jun 12th, 2024

Colombo Bourse bounced back and settled firmly in green as investors turned optimistic after the State Minister of Finance noted that Sri Lanka and the IMF are finalizing signing the staff-level agreement to secure the 2nd tranche of the EFF in the upcoming weeks, according to First Capital Research (FCR).

As a result, investor interest enticed on the Banking sector mainly COMB and DFCC which positively contributed to the index whilst active investor participation persisted on Treasury counters following the first interim dividend announcement of CFVF.N which amounted to Rs.12.25 per share. Accordingly, All Share Price Index (ASPI) took a reversal note, breaking the 4-day negative sentiment and closed for the day at 10,590, gaining 33 points. In the midst of active participation, turnover surpassed Rs.1.0Bn and recorded at Rs.1.1Bn and was largely backed by the Diversified Financials sector with a sole contribution of 35% followed by Banks (10%).

Meanwhile, RIL witnessed a stake change of c.2.5% through an off-board transaction totaling to 20.0Mn shares at Rs.6.50. 

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