Bourse opens week on mixed note

The Colombo bourse opened the week on a mixed sentiment note continuing from the previous week as the index experienced a volatile day of trading.

After three consecutive sessions of gains, ASPI closed the day in red at 12,309 losing only 4 points. Selected Banking and Insurance sector counters witnessed some buying interest whilst investors extended the positive sentiment towards Plantation and Construction sector counters for another session during the day.

The Capital Goods sector led turnover at 23%, followed by food, beverage & tobacco and banking sectors jointly contributing 33% of overall turnover. Foreign investors remained net sellers, with a net outflow

Meanwhile, DIAL dominated the market volume with 19.1Mn shares (27%) while HELA was the second largest contributor with 4.2Mn shares (6%). Overall volume decreased to 71.1Mn. Foreign investors remained net sellers, recording a net foreign outflow of LKR 109.4Mn, amidst moderate participation.

First Capital Research   

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