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Bourse positive sentiment persists for 5th day

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Bourse recorded gains for the fifth straight day amidst the persisting optimistic sentiment on the back of positive developments on the economic front and rates easing.

As the market opened, the index set off on a steady upward trajectory and peaked to an intraday high of 8,780 fueled by retail participation.

Subsequently, the index slid down but managed to maintain the positive momentum with the contribution from LOLC and DFCC before closing for the day at 8,704 gaining 53 points.

Meanwhile, turnover was recorded at a healthy level of LKR 3.1Bn (+107% cf. monthly average turnover of LKR 1.5Bn) with perceptible foreign and institutional interest while the Transportation sector dominated the overall turnover with a sole contribution of 36% led by the buyback of EXPO shares by SG Holdings.

(Courtesy First Capital Research)

Friday, December 2, 2022 – 01:00











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