ECONOMYNEXT – The Colombo Inventory Alternate closed up on Friday, information on its website confirmed.
The broader All Share Index closed up 0.75 p.c, or 81.94 factors, at 10,966; whereas the extra liquid S&P SL20 Index closed up 1.32 p.c, or 40.44 factors, at 3,102.
Turnover was 1.3 billion.
“Right now was all in regards to the ISB deal; banking sector counters have been up. That’s what largely drove the market yesterday and at this time,” Softlogic Stockbrokers stated.
Sri Lanka reached a take care of overseas bond holders and native banks to restructure defaulted sovereign bonds.
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Sri Lanka local banks to get 10-pct haircut on 70-pct of ISBs, balance in rupees
“Corporations with publicity to ISBs faired favorably.”
“It was a great finish to the week which noticed again to again optimistic days.”
Native banks would be capable to change 70 p.c of their ISBs into greenback bonds with a ten p.c haircut.
The stability 30 p.c could be exchanged for rupee securities.
The larger banks have been up apart from DFCC Financial institution (down at 68.30); Hatton Nationwide Financial institution (up at 168.75), Business Financial institution (up at 88.40), Sampath Financial institution (up at 72.60), and Nationwide Improvement Financial institution (up at 70.00).
Smaller banks closed flat; Union Financial institution (flat at 9.20), HDFC Financial institution (flat at 31.80), and NTB (flat at 126.00).
Conglomerates Melstacorp (up at 79.30), and John Keells (up at 167.25) have been among the many high contributors to the ASPI.
There was a internet overseas outflow of 12 million. (Colombo/Sep20/2024)