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Index shrinks slightly

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After consecutive gains in the last three sessions, bourse witnessed slight profit booking in selected counters while weak retail participation further dimmed market sentiment.

ASPI moved with sizeable volatility during the day and by mid-session profit taking was observed mainly in the Capital Goods sector and Materials sector. Meanwhile, activities took a positive turn in the banking sector following the press release from the banks providing clarity on DDR.

Accordingly, SAMP and COMB were among the top positive contributors to the ASPI. However, amidst poor retail participation index reversed to red and closed at 8,915 losing 12 points. However, during the day investor interest was enticed on BIL following the Finlay deal.

Meanwhile, market turnover remained at a poor level and recorded at LKR 667.8Mn (-29.1% cf. monthly average turnover of LKR 941.7Mn) led by the Banking sector (28%) and Transportation sector (18%). EXPO and SAMP led the overall turnover while EXPO contributed LKR120.3Mn (18%)and SAMP contributed LKR71.8Mn (11%). Meanwhile, BIL dominated the market volume with4.5Mn shares (16%) while ASPH recorded the second largest volume of 3.6Mn shares (13%). Overall volume sharply dipped compared to the previous session and recorded at 28.0Mn.

Foreign investors turned net buyers amidst low participation recording a net foreign out flow of LKR29.6Mn. Courtesy First Capital Research

 

Wednesday, May 10, 2023 – 01:00











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