ASPI in green for 10th consecutive day

The Broad Market wrapped the day in green for the 10th consecutive day as investors opted to maintain the positive sentiment of the previous week. The market started the day on a bullish note, with the index soaring to an intraday high of 11,914. As selling pressure emerged, the market experienced a pullback and experienced sideways movement.

However, the ASPI recovered gradually and closed the day at 11,885, gaining 81 points. Significantly, a major stake was traded in UML in the main board, making UML the second highest contributor to the overall turnover. Meanwhile, turnover stood at LKR 2.6Bn, marking an 80.3% increase from the monthly average standing at LKR 1.4Bn. The Banking sector solely contributed 26% to the overall turnover whilst the Capital Goods and Retailing sectors jointly contributed 28% to the total turnover.

HNB and UML led the overall turnover with HNB recording a turnover of LKR 303.4Mn (12%).

Foreign investors turned net sellers, recording a net foreign outflow of LKR 123.0Mn, amidstmoderate participation. Accordingly, UML, CIC and SAMP were the top three shares to lead foreign outflow while JKH, VLL and TKYO were the top three counters recording the largest foreign inflow. First Capital Research