1 week Ago By Sahan Weerasooriya
The government’s completion of the staff level agreement recently with the IMF and the slight easing of global trade war tensions pushed the CSE to green territory yesterday. The IMF ordered that electricity reforms be implemented as part of the recommendations that will qualify the country for the next tranche of financial relief, market analysts said. Amid those developments both indices moved upwards.
The All Share Price Index went up by 69.9 points, while the S and P SL20 rose by 27.2 points.
Turnover stood at Rs 2.8 billion with seven crossings. Those crossings were reported in JKH, which crossed six million shares to the tune of Rs 122.
9 million and its shares traded at Rs 20.50, Hemas Holdings 900,000 shares crossed for Rs 112.5 million; its shares traded at Rs 125, Cargills 250,000 shares crossed for Rs 112.
1 million, its shares traded at Rs 448.560. Commercial Bank 713,000 shares crossed to the tune of Rs 97 million; its shares traded at Rs 136, Haycarb 892,000 shares crossed for Rs 74 million; its shares traded at Rs 82.
9, Access Engineering 540,000 shares crossed for Rs 21.5 million; its shares sold at Rs 39.8 and DFCC 199000 shares crossed to the tune of Rs 20.
5 million; its shares sold traded at Rs 103. in the retail market top seven companies that mainly contributed to the turnover were; Hemas Holdings Rs 154 million (1.3 million shares traded), Vallibel Finance Rs 123 million (1.
9 million shares traded), JKH Rs 117 million (5.7 million shares traded), Browns Investments Rs 100.4 million (127 million shares traded), Singer Fiance Rs 85.
3 million (2.8 million shares traded) and Commercial Credit Rs 75.3 million (1.
1 million shares traded). During the day 89.5 million share volumes changed hands in 19187 transactions.
It is said that the manufacturing sector was the main contributor to the turnover, especially with JKH, while the banking and finance sector was the second largest contributor to the turnover. Capital Alliance Holdings Limited (CAP) announced its Initial Public Offering (IPO) to raise Rs 1.58 billion, the first listing in CSE in 2025 as the financial firm is looking to expand in frontier markets beyond the island nation.
The company will list 7.6 percent of the stake or 157.5 million shares at an IPO price of Rs 10 a share.
The move will see the company’s market cap valued at Rs 20.7 billion after the IPO. “Our theme, ‘Building Wealth, Bridging Markets’ reflects our vision to connect global investors with the growth story unfolding across frontier regions,” Kanishke Mannakkara, the Group CEO of CAL said in a statement.
Yesterday, rupee was steady around Rs 299.60/60 to the US dollar in the spot market, against 299.65/75 Friday, dealers said, while bond yields opened lower.
A bond maturing on 15.12.2026 was quoted at 8.
85/95 percent down from 8.90/9.00 percent Friday.
A bond maturing on 15.09.2027 was quoted at 9.
55/65 percent from 9.55/.65 percent.
A bond maturing on 15.10.2028 was quoted at 10.
05/15 percent down from 10.07/12 percent. A bond maturing on 15.
02.2028 was quoted at 9.85/98 percent down from 9.
90/95 percent. A bond maturing on 15.03.
2028 was quoted at 9.90/95 percent down from 9.96/10.
00 percent. A bond maturing on 01.05.
2028 was quoted at 9.95/10.00 percent down from 10.
00/10.03 percent. A bond maturing on 01.
07.2028 was quoted at 10.00/05 percent, down from 10.
03/10.06 percent. A bond maturing on 01.
09.2028 was quoted at 10.00/10 percent down from 10.
07/10.30 percent. A bond maturing on 15.
09.2029 quoted at 10.35/50 down from 10.
38/45 percent. A bond maturing on 15.12.
2029 was quoted at 10.45/52 percent down from 10.48/50 percent.
By Hiran H.Senewiratne.
