Turnover records over 10-month high

Continuing from the previous week, the Colombo Bourse experienced a sustained bullish momentum with ASPI gaining 295 index points and closed the day in green at 14,500 for the 15th consecutive session.

The S&P SL 20 index also gained 105 points and closed the day in green at 4,350. The bullish momentum can be attributed to declining interest rates and the completion of the external debt restructuring deal, which boosted investor sentiment and reduced risk premiums. Amongst the off-board transactions a notable transaction was recorded in CINS where 1.6% stake was traded through multiple off-board transactions.

Meanwhile, turnover stood at LKR 8.3 Bn, marking an increase of 85.3%, from the monthly average, standing at LKR 4.5 Bn. Moreover, the Banking sector led the turnover by 24%, followed by the Capital Goods and Insurance sectors jointly contributing 36% of the overall turnover. Foreign investors remained net buyers, with a net inflow of LKR 100.1Mn. (First Capital Research)

The post Turnover records over 10-month high appeared first on DailyNews.