Jan 22, 2013 (LBT) - The bourse edged up modestly rising by 0.2% to close at 5871. Turnover however increased to LKR2.1 bn, with crossings in Browns Investments and Commercial Bank accounting for 69% of the day’s total.
Gainers outpaced losers with Autodrome, Colombo Pharmacy and Environmental Resources Investments rising by 21.7%, 17.8% and 11.2% offsetting losses in SMB Leasing(X), Arpico Finance and Samson International which declined by 20.0%, 11.0% and 10.3% respectively.
Asian shares ended mixed amid optimism over the global growth outlook while bold easing measures from the Bank of Japan failed to lift Tokyo equities and the yen rebounded from a brief sell-off as investors digested the central bank's actions. In economic news, Sri Lanka t-bill rates continued to fall across maturities. with the 3 month, 6 month and 12 month yields declining by 12, 17 and 01 bps respectively to 9.63%, 10.41% and 11.25% as the government sold LKR18.4 bn worth of securities. In cumulative terms, 3 months t-bill yields have fallen by 116 bps so far after the policy rate adjustments while 6 month and 12 month yields fell by 169 and 161 bps respectively.