Bourse remains green ahead of IMF review meeting

The bourse commenced on a positive note but transformed into a volatile state as the day progressed however, attained to close on the green gaining 57 points on the back of bullish optimism regarding the IMF review meeting which is scheduled to be held today. Moreover, selected Banking sector counters namely SAMP, COMB and NTB aided the index to record at 10,851 contributing exceptionally well.

Furthermore, blue chip companies such as EXPO, TKYO and RICH also backed the index to remain in the positive territory towards the end of the day as investors displayed revitalized interest on the above stated counters.

Market turnover was recorded at LKR 776.4Mn, 23.4% lower than the monthly average of LKR 1.0Bn, mainly aided by the Transportation sector and the Banking sector for a joint contribution of 48%. Foreign investors remained net buyers recording an inflow of LKR 48.9Mn majority contributed by RICH.

First Capital Research

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