Bourse closes in green

Bourse closed in green for the third straight session with a narrow gain of 12 points amidst the mixed sentiment that persisted during the day.

The Index opened on a steep upsurge, peaking to an intraday high of 10,941 supported by the bullish sentiment observed on Banks, mainly SAMP while heightened interest on SLTL further boosted the uptrend in the index during the first half of the session.

However, by mid-day investor interest dampened amidst concerns hovering around the upcoming budget while selling on treasury counters partly negated gains of the morning session, yet closed positively at 10,862 with a marginal gain of 12 points. Meanwhile, turnover showed sharp improvement recording at LKR 1.1Bn (+13% cf. monthly average turnover of LKR 945.8Mn)

led by a joint contribution of 50% from the Banking sector (36%) and Diversified Financials (14%). First Capital Research

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