ASPI gains marginally

The Broader Market recovered from day before’s decline yet faced another day of dull trading as investor participation remained limited. The Bourse reached an intraday high of 11,330 gaining over 70 points in the initial trading hours, however largely enticed a bit of selling and moved sideways during the rest of the trading session.

The ASPI closed the day at 11,294, gaining 42 points (0.4%) while investor interests were centered on JKH, VONE, and NTB during the day. Meanwhile, RICH, HNB, JKH, BIL and HAYL emerged as the top positive contributors while a significant number of shares were traded in COMB due to the final day for renouncing rights shares.

Meanwhile, turnover stood at LKR 582.1 million, marking a 34.6% decrease from the monthly average standing at LKR 890.2 million. The Capital Goods sector contributed 42% to the turnover, followed by the Banking and Food, Beverage and Tobacco sectors jointly contributing 31% to the overall turnover.

First Capital Research

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