ASPI crosses the 10,000 mark; Turnover reaches Rs 7.28 Bn

Mixed interest was observed in Sampath Bank, Nations Trust Bank and Hayleys whilst retail interest was noted in Browns Investments, HNB Finance voting and nonvoting and LOLC Finance. Foreign participation in the market activity remained at subdued levels with foreigners closing as net buyers.

The All-Share Price Index (ASPI) showed significant performance today (July 04), gaining 633.69 points at the end of trading today to close at 10,076.64 points an increase of 6.71 per cent.

Meanwhile, the S&P SL20 index also moved up by 259.47 points to close at 2,973.12 points at the end of trading today, marking an increase of 9.56 per cent.

The market generated a turnover of more than Rs. 7,288,157,866 today.

Sri Lanka’s government started its domestic bond swap program on Tuesday, inviting investors to submit offers to exchange existing notes for new ones.

Neighboring Pakistan’s key stock gauge surged the most in over 15 years on Monday after the nation clinched an IMF bailout. The local currency advanced in the black market as well.

Financial support from multilateral lenders has boosted investor confidence — and returns — across troubled emerging and frontier markets in recent months. Funds getting approved or disbursed for countries including Kenya, Tanzania, and Pakistan are giving hope that the embattled economies are turning a corner and international capital will soon start flowing in.