Index closes in green amidst wild trading swings

The market commenced on a positive note and remained volatile throughout the day, and yet managed to close in the green backed by buying interest returning towards the latter part of the session. Accordingly, the index closed positively at 9,070, gaining 55 points.

Active retail participation was witnessed on LOFC and BIL, whilst high-net worth individuals continued to take positions during the day. Moreover, interest gained on the banking sector counter, which led the turnover and was a major contributor to the index. Meanwhile, market turnover recorded at LKR 1.6Bn (98.7% cf. monthly average turnover of LKR 801.1Mn) contributed by the Banking sector (27%) and the Materials sector (17%). Foreign investors remained net sellers with low participation, recording a MTD net foreign outflow of LKR 861.0Mn.

First Capital Research