Bourse opens week on positive note

The bourse experienced a day of positive sentiment and low market activity, in contrast to the volatility observed earlier in the day.

The ASPI closed the day in green at 17,045, gaining 127 points marking a 0.75% increase from the previous day. During today’s trading session, most of the investor attention was focused on Blue-chip stocks. The most significant contributors towards the positive index were MELS, LIOC, BUKI, HNB, and CARS. The lack of crossings present in today’s market demonstrates decreased participation from both retail and HNW investors. Meanwhile, turnover stood at LKR 5.9 Bn, marking a decrease of 19.5%, from the monthly average. Moreover, the Capital Goods sector led the turnover by 24%, followed by the Banking and Energy sectors jointly contributing 32% of the overall turnover. There was a net foreign outflow of LKR 492.4 Mn.

– First Capital Research

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