Despite experiencing a volatile trading session, the Colombo Bourse closed the session in green for the fifth consecutive day as investors continued the positive sentiment from the previous week following the Presidential Election.
The benchmark index, ASPI, experienced a steep decline over 180 points during the first few minutes, yet recovered gradually during the day and closed the session at 11,097, gaining 130 points. Banking sector companies and blue-chip stocks gained momentum where COMB, HNB, SAMP, SPEN, and MELS emerged as the top positive contributors to the index.
However, turnover saw a decline from the previous session and stood at LKR 994.3 Mn, marking a 2.6% increase from the monthly average standing at LKR 969.0Mn amidst the improved participation of the retail investors. Moreover, the Banking sector solely contributed 36% to the overall turnover whilst the Capital Goods and Diversified Financial sectors jointly contributed 32% to the total turnover. Foreign investors remained net sellers, with a net outflow of LKR 5.2Mn.
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