ASPI records 3-month high

Completion of the EDR boosted the sentiment of the investors as ASPI reached over a three-month high gaining 111 points and closing the day at 12,165.

The banking sector stocks led the market as usual while revitalized interest on CITW was also observed. Additionally, the number of trades is at healthy levels, indicating an improvement in market activity.

Meanwhile, amidst the improved participation of both retail and HNW investors, turnover stood at LKR 2.8 Bn, marking a 47.0% increase from the monthly average standing at LKR 1.9Bn. The Banking sector leading the turnover contributing 52%, followed by the Capital Goods, and Diversified Financials sectors jointly contributing 20% of overall turnover. Foreign investors turned net sellers.

Meanwhile, CITW dominated the market volume with 85.2Mn shares (50%) while PABC was the second largest contributor with 12.0Mn shares (7%). Overall volume increased to 169.2Mn. First Capital Research

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