Policy rates decision by CBSL positively impacts CSE

By Hiran H.Senewiratne

CSE saw improved investor activity in terms of turnover yesterday, while both indices closed on a positive note, indicating that the Central Bank decision to maintain policy rates at current levels positively impacted the bourse, stock market analysts said.

Accordingly, both indices moved upwards. The All -Share Price Index went up by 128.9 points and S and P SL20 rose by 40.6 points. Turnover stood at Rs 2.6 billion with four crossings. Those crossings were reported in Sampath Bank, where 10 million shares crossed to the tune of Rs 545 million, its shares traded at Rs 54.50, Aitken Spence 1.05 million shares crossed for Rs 89.5 million, its shares traded at Rs 85, Asiri Hospitals 1.4 million shares crossed for Rs 46.8 million, its shares trading at Rs 33.50 and Colombo Fort Lands PLC two million shares crossed for Rs 31.4 million, its shares traded at Rs 15.70.

In the retail market, five companies that mainly contributed to the turnover were, Expolanka Holdings Rs 364 million (1.8 million shares traded), Aitken Spence Rs 136 million (1.6 million shares traded), Browns Investments Rs 133 million (12.7 million shares traded), LOLC Holdings Rs 93.6 million (154,000 shares traded) and Hayleys Rs 78.8 million (785,000 shares traded. During the day 105.3 million share volumes changed hands in 19000 share transactions.

Yesterday, the Sri Lanka rupee was quoted at 200.39 against the US dollar. The rupee does not reflect the actual price, sources said.

During the year to September 2021 the rupee has fallen from around 186 to 203 against the US dollar, indicating that the currency has inflated by around 9.1 percent against the US dollar, though there is no official spot rate to compare.

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