Industry

ASPI records over 2 years and 8 months high

The Colombo Bourse started the week echoing the positive sentiment of the previous week as most of the sectors witnessed price gains across the board.

Amidst the increased participation from retail, HNW and institutional investors compared to the previous session, APSI reached over 2 years and 8-months high, closing at 12,610, gaining 92 points. LOLC, BIL, NDB, SAMP and MELS emerged as top positive contributors to the index.

Meanwhile, amidst multiple off-board transactions, the turnover surged past LKR 4.4Bn, marking a 72.6% increase from the monthly average standing at LKR 2.6Bn.

Moreover, off-board transactions contributed 36.5% to the overall turnover. Meanwhile, the Banking sector led turnover by 36%, followed by the Capital Goods and Material Sectors jointly contributing 31% of the overall turnover. Foreign investors remained net sellers, with a net outflow of LKR12.2Mn. Overall volume increased to 136.6Mn.

Foreign investors remained net sellers, recording a net foreign outflow of LKR12.2Mn, amidst moderate participation. (First Capital Research)

Source:Daily News