The Colombo Bourse closed positive in September 2024, with the benchmark All Share Price Index (ASPI) rising +9.1% MoM to 11,855 points (an increase of +986 index points MoM). Meanwhile, the more liquid S&P SL20 index increased +12.9% MoM to 3,453 points (an increase of +395 index points).
Average daily turnover increased to Rs. 1,653 mn in September 2024 (vs. Rs.704mn in August 2024) CT CLSA Securities (Pvt) Ltd stated in a release.
Top contributors to monthly turnover were Hatton National Bank (HNB), Commercial Bank of Ceylon (COMB) and John Keells Holdings (JKH). Market witnessed a net foreign outflow of Rs.638mn in September 2024 (vs. an inflow of Rs.83mn in August 2024).
During the month, net foreign buying was seen in John Keells Holdings (JKH), Richard Pieris and Company (RICH), and Sampath Bank (SAMP). Whilst net foreign selling was seen in East West Properties (EAST), United Motors Lanka (UML) and Commercial Bank of Ceylon-Vot (COMB-N).
A net foreign outflow of Rs.638 mn was recorded in September 2024, following a net foreign inflow of Rs.83mn in August 2024.
Meanwhile during the month The Colombo Consumer Price Index (CCPI – Base year 2021) decreased by -0.2 points to 190.9 index points, while a deflation of -0.5% was recorded in September 2024 (vs. 0.5% in August 2024).
Tourist arrivals to Sri Lanka recorded as 118,010 in September 2024 reaching the 1.48 mn arrivals mark and recovering 82% compared to September 2018 arrivals.
The Ministry of Finance (MoF) stated that it has reached an agreement with representatives of its international and local holders of International Sovereign Bonds (ISB) on September 19, 2024.
