The Colombo bourse commenced the trading day on a positive note, with bullish investor sentiment propelling it to an intra-day high of 12,421.
Notably, the Banking sector counters, including HNB, SAMP, and NDB, exhibited reduced activity, contributing to the negative trend observed.
The day’s turnover totaled LKR 3.1Bn, marking a 19.7% decrease from the previous day. However, trading volumes reached the highest seen in four weeks backed by increase interest on penny stocks.
Meanwhile yesterday’s turnover marked a 13.1% increase over the monthly average of LKR 2.7Bn with HAYL dominating the daily aggregate turnover, accounting for 13.6%, while JKH contributed 7.9%, particularly following its partnership announcement with Melco. The Capital Goods sector emerged as the leading contributor, comprising 34% of the turnover, followed closely by the combined contribution of the Diversified Financials and Materials sectors, which amounted to 29%.
Foreign investors remained net sellers, with a net outflow of LKR 93.2Mn, indicating their cautious stance in the market.
Foreign investors remained net sellers recording a net foreign outflow of LKR 93.1Mn, amidst moderate participation. (First Capital Research)
