The ASPI continued its descent from the prior session, concluding the day in the red zone at 10,452 with a 28-point loss amid moderate trading volumes.
The banking counters including HNB and DFCC dragged the index down, whilst JKH emerged as a top contributor during the day. WIND also stood out among top contributors, experiencing a 0.15% stake change in a crossing transaction. Accordingly, EXPO witnessed a crossing transaction involving 0.7 Mn shares traded at a price of LKR 127.0 each, whilst marking the day’s highest foreign selling at LKR 106.8Mn.
Meanwhile, market turnover was registered at LKR 724.5Mn, 28.0% lower than the monthly average turnover of LKR 1.0Bn, with a joint contribution of 40.0% from the Transportation and Banking sectors. Despite four consecutive sessions of foreign buying, foreign investors shifted gears to become net sellers, resulting in a net foreign outflow of LKR 108.4Mn for the day.
First Capital Research
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