Bourse ended in the green today after more than a week of being in the red, although investor participation remained relatively low.
ASPI rose fast at the start of yesterday’s session, but slowed down towards the latter ending the session on a 21 point gain to 10,627. Banking and finance counters such as COMB, CFIN and HNB were the main contributors towards today’s gain.
Further, yesterday’s market saw an increased interest in primary dealers and insurance counters as well. Turnover was recorded at LKR 471.6Mn which is 61% below the average market turnover of LKR 1.2Bn.
However only one off-board transaction of LKR 23.2Mn on CDB took place, thus the total turnover was almost entirely led by the retail side. Additionally, foreign investors turned net buyers in today’s session. COMB and LGIL led the overall turnover while COMB contributed LKR 60.7Mn (13%) and LGIL contributed LKR 26.0Mn (6%).
Meanwhile, LGIL dominated the market volume with 3.6Mn shares (13%) while HELA was the second largest contributor with 3.1Mn shares (12%). Overall volume decreased to 26.7Mn.
Foreign investors turned net buyers recording a net foreign inflow of LKR 2.4Mn, recording low participation. Accordingly, COMB, RHTL and CCS were the top three shares to lead foreign inflow while CINS.X, UAL and HHL were the three counters recording the largest foreign outflow.
(First Capital Research)
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