Bourse closed flat at today’s session as investors demonstrated mixed interest throughout the day. Life Insurance and Treasury related counters witnessed active investor participation with CBSL signalling easing of interest rates.
Moreover, CBSL has amended operating instruction on OMO which further indicates a possible easing of interest rates as demand for T-Bills may rise. With active investor interest, index scaled high during the first half of the session. However, following the continuous escalation in share prices of companies such as CINS and AAIC over the last few days, investors resorted to book profits while selling pressure weighed down on ASPI with the market closing flat at 8,512 gaining 2 points.
Meanwhile, market turnover showed an improvement compared to the previous session and recorded at LKR 2.8 Bn (+21% cf. monthly average turnover of LKR 2.3Bn) while Insurance sector and Diversified Financial sector dominated the overall turnover with a joint contribution of 56%. Courtesy First Capital Research
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