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ASPI reaches lowest in 3 weeks

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The bourse halted its activities on the red zone yesterday for the 4th consecutive session as investor sentiment remained bearish due to ongoing uncertainties in the country. With the sideways movement, index experienced a complete downtrend closing the ASPI at 12,259 losing 32 points (c. -0.26%) marking its 3-week low.

With a sluggish trading day, turnover dipped to nearly a one-month low, standing at LKR 1.4Bn, marking a significant 44.4% decrease from the monthly average of LKR 2.6Bn. Although net foreign inflows reached a 9-month high yesterday, foreign investors turned net sellers, with a net outflow of LKR 94.7Mn during yesterday’s session.

(First Capital Research)

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