Bourse continues to thrive with whopping gains | Daily News

Bourse continues to thrive with whopping gains

Broad market continued to witness bullish activities for the fifth straight day as investors optimistically reacted to the recent developments, mostly as China agrees to the debt restructuring process after India affirmed its support last week.

ASPI moved on a continuous upscale during the session with participation largely centered on retail favourites LOLC, LIOC and EXPO while the intraday high crossed the 9,000 psychological level. Furthermore, treasury counters such as CFVF, FCT and CALT attracted wider investor interest with anticipations on policy rates easing at the upcoming Monetary policy review meeting. As the debt restructuring progresses positively, Banking sector counters COMB and SAMP led the index to close firmly in the green with a sizeable a gain of 273 points to close at 8,991.

Turnover was recorded at a healthy level of LKR 2.1Bn (+6% cf. monthly average turnover of LKR 2.0Bn) with a joint contribution of 47% from the Diversified Financials sector (28%) and Food, Beverage & Tobacco sector (19%). BIL and CFVF led overall turnover while BIL contributed LKR 201.4Mn (10%), while CFVF contributed LKR 178.5Mn (9%). Foreign investors remained net buyers for the fourth day while displaying low participation and recorded a net foreign inflow of LKR 31.9 Mn. Accordingly, BIL, HHL and TKYO were the top three shares to lead foreign inflow while LOFC, TILE and LDEV were the three counters recording the largest foreign outflow.

Courtesy First Capital Research


Add new comment