Market falters in red

The market commenced on an optimistic note yet succumbed to a downward trend towards the mid-day, and continued its volatile trajectory throughout the day with both ASPI and S&P closing in the red zone at 8,713, losing 42 points.

JKH topped the turnover during the day and witnessed an off-board transaction totaling 3.2 Mn shares at LKR 140 through foreign buying. Furthermore, Watawala Plantations was amongst the biggest loser for the day after it reported a loss of LKR 262.7 Mn for 4QFY23, representing a 133%YoY decline.

First Capital Research