Bourse ended the week on a positive note where ASPI witnessed a marginal gain of 4 points and S&P SL20 index continued to trade positively for the third straight day while turnover recorded a 5-week high.

Index witnessed a sharp upswing while hitting an intraday high of 10,592 during the first half of the session as buying spree infused on EXPO, LOLC and HAYL. Afterwards, the positive run was drained gradually yet the market managed to close the day at 10,455, gaining 4 points.

Turnover improved to LKR 4.5Bn out of that, 50% is contributed by crossing transaction of AGAL. Therefore, overall turnover is mainly led by Food, Beverage & Tobacco sector accounting for a sole contribution of 54%. Foreign investors turned net sellers while recording low participation.

Meanwhile in the bond market yields stayed flat ahead of the bond auction. The secondary market yield curve remained broadly unchanged as the market participants opted to be on the side-lines ahead of the bond auction to be held on 29th Mar 2022.

Courtesy: First Capital Research