The bourse ended in the green zone continuing from yesterday’s positive movement after CBSL decided to cut policy rates by 50bps at yesterday’s monetary policy review.
ASPI saw its upward trend continuing from yesterday at the start of the session and further continued it till the end, with banking and blue-chip counters leading the way. The index ended at 11,434, a 99 point increase from yesterday. The largest positive contributors were HNB, DFCC & SAMP, whilst the largest negative contributors were LHCL, LLUB & HAYL.
Market turnover was recorded at LKR 1.9Bn, 4.9% higher than the monthly average of LKR 1.8Bn. A large majority of the turnover was contributed bythe retail market, showing a promising increase in investor participation. Foreign investors remained net sellers with a net foreign outflow of LKR 25.2Mn.
First Capital Research
