Turnover reaches a 2-week high

The Broad Market maintained positive momentum for the 4th consecutive session with the improved participation from both retail investors and HNWIs as most of the results released companies performed well during the quarter.

The benchmark ASPI started the day on a steady note and experienced sideways movement until mid-day. However, the index experienced an improved bullish momentum in the post midday to close the day at 11, 414 gaining 66 points.

Amidst the improved participation of HNWIs, turnover reached a 2-week high and stood at Rs 1.4 billion, marking a 64.7% increase from the monthly average standing at Rs 850 million, where crossing transactions contributed 20.0% to the overall turnover through 3 off-board transactions. Notably, JKH contributed 37.5% to the overall turnover with the foreign buying interest.

(First Capital Research)

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