The ongoing political uncertainty in the island nation, coupled with global market volatility, influenced investors in the Colombo bourse to maintain the lackluster sentiment seen in previous sessions and causing the ASPI to remain stagnant at closing.
The ASPI started the session on a bullish note but unexpectedly plummeted to an intraday low of 12,285 early in the trading session. However, the index recovered rapidly, and displayed a volatile movement in the later part and ultimately closed the day at 11,295, gaining only 1 point.
Notably, most of the Diversified Financials sector counters witnessed improved buying interest throughout the day with CINS emerging as the top positive contributor to the index.
Meanwhile, turnover stood at LKR 320.3Mn, marking a 63.5% decrease from the monthly average standing at LKR 876.8Mn amidst the low participation of the retail investors and HNWIs. The Diversified Financials sector contributed 30% to the turnover, followed by the Capital Goods and Materials sectors jointly contributing 37% to the overall turnover. Furthermore, foreign investors remained net sellers, with a net outflow of LKR 23.4Mn.
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