The bourse displayed an upward yet volatile movement during the day to close at 11,447 gaining 60 points. Moreover, notable investor interaction was centered on the index heavy weights and selected banking sector shares which backed the index to continue its positive momentum.
Furthermore, Primary Dealer shares witnessed improved interest as the investors expected the T-Bill rates to descend at today’s auction signalled by the faster than expected drop in inflation.
Hotel sector shares also experienced positive investor movement as the tourists arrivals for July recorded a sharp increase of 143,039. On the flipside profit taking was witnessed on LIOC after gaining for the past few sessions ahead of the monthly fuel price revision.
Meanwhile, the turnover was recorded at LKR 3.9Bn, 6% higher than the monthly average of LKR 3.7 Bn aided by the Banking sector (38%), Capital Goods sector (24%) and Diversified Financials sector (11%).
First Capital Researh
