“Index rallies to 8-month peak”

Bourse witnessed a sustained bullish trend driven by robust interest in the banking sector and selected Blue-chip counters. Bulls dominated the market, leading to continuous positive trading throughout the day, reaching an intraday high of 11,755 during midday before closing at an 8-month high of 11,698, gaining 74 points.

Notably, banking sector shares such as COMB, HNB, and NDB continued to drive the index, leveraging their discounted prices. Buoyed by a resurgence in overall market sentiment and lower interest rates, funds began to flow from retailers to the equity market.As a result, turnover continued to record at a healthy level of LKR 3.2Bn (+57% cf. monthly average turnover of LKR 2.0Bn) supported by retailers, HNWIs and institutional investors. First Capital Research

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