ASPI on a subdued sentiment

The Colombo bourse showcased an upward yet volatile trend during the day recording lower activity levels, as the index attained to surpass the 11,500 psychological barrier but ended marginally high at 11,533 gaining 94 points registering a dull sentiment.

Notably, the Capital Goods sector continued to experience improved interest during the day backing the index exceptionally well alongside selected blue-chip companies namely CINS, HAYL and CARG as they drove the ASPI on a positive momentum. Meanwhile the market turnover experienced lackluster performance amidst weak investor participation as it was recorded at LKR 1.4 Bn, 43% lower than the monthly average of LKR 2.6 Bn, for a joint majority contribution of 53% by the Capital Goods sector and Food, Beverage and Tobacco sector respectively.

Furthermore, foreign investors remained net sellers recording an out flow of LKR 19.7Mn, whilst the YTD figure stood at LKR 3.8Bn registering an inflow. First Capital Research

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