Bourse commenced the week on a bullish note, extending its winning streak for the 5th consecutive day driven by growing confidence among retail investors.
Consequently, the index closed at 12,310 by gaining 110 points with the positive contribution from the conglomerates such as HAYL, MELS coupled with the banking sector counters, SAMP, HNB and COMB.
Significantly, propelled by multiple crossings, turnover surged to LKR 4.1Bn, marking aremarkable 62.2% increase over the monthly average. Notably, crossing transitions accounted for nearly 14.7% of the total turnover.
The Capital Goods sector contributed 29% to the turnover, while the combined contribution of the Banks and Food, Beverage, and Tobacco sectors amounted to 36%. Meanwhile, the foreign investors remained net sellers recording a net outflow of LKR 148 Mn.
First Capital Research
