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Market returns to green with thin gain

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Bourse reverted to green during yesterday’s session as both ASPI and S&P SL20 indices recorded a thin gain on optimistic investor sentiment with recent developments on the economic front.

Index moved on a gradual uptrend throughout the session with buying interest spanned on LIOC and Diversified Financials counters before closing for the day at 8,871 gaining 38 points. Meanwhile, market turnover displayed robust improvement registering 162% above the previous day’s turnover and recorded at LKR 3.5 Bn (+74% cf. monthly average turnover of LKR 2 Bn). Improvement in turnover was mainly led by EXPO (Transportation sector) which accounted for a contribution of 47% following the buyback of 7 Mn shares by the parent company through an off-board transaction at LKR 210 per share. Further, the Energy sector contributed 20% to the overall turnover.

Courtesy First Capital Research

Thursday, December 15, 2022 – 01:00

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