Bourse closed negatively reversing previous day’s gains amidst the subdued investor participation that prevailed in the market ahead of the Monetary policy review scheduled for tomorrow.
Despite a slightly positive momentum in the beginning, index moved on a downward trajectory throughout today’s session amidst dull down interest on Banking counters while large caps such as VONE, BIL and HAYL dragged the index to red shedding 25 points and closed at 10,523. However, on the flip side foreign participation thrived predominantly on MELS which were amongst the top contributors to both ASPI and turnover. Moreover, Hotel sector counters continued to entice a modest level of interest amidst surging tourist arrivals. Meanwhile, turnover was registered at LKR 812.3Mn (-24% cf. monthly average turnover of LKR 1.1Bn) with a sole contribution of 57% from the Food, Beverage & Tobacco sector led by the off-board transaction of MELS.
First Capital Research
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