ASPI falls to over two-month low

The bourse commenced the week closing in the red, pivoting from the positive territory in the previous session. It closed at 11,842, losing 106 points and reaching over a two-month low.

The involvement of HNWIs was subdued compared to the previous sessions, whereas retail investors maintained their active participation. The index was majorly plagued by index-heavy weights and banking sector counters, dragging the index into a negative territory, while most of the sectors witnessed price declines across the board.

Meanwhile, turnover recovered slightly from the previous session and stood at LKR 657.0 Mn, marking a 63.5% decrease from the monthly average standing at LKR 1.8 Bn. The Capital Goods sector contributed 35.5% to the overall turnover, whilst the Banking and Food, Beverage and Tobacco sectors jointly contributed 36.8% to the overall turnover. Foreign investors remained net buyers, with a net inflow of LKR 173.8 Mn. Courtesy First Capital Research

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