Bourse bounced back to the green territory amidst a bullish session despite recording a turnover at a 1 ½ -month low. Index opened with a downturn hitting an intraday low of 11,610 within the half-hour into the market opening.
However shortly the index shot up with massive volatility giving rise to an intraday high of 11,831 as investors engaged in a bull rally. Subsequently the index tailed off slightly but managed to remain high in a steady pace before closing for the day at 11,753 gaining 75 points.
EXPO and LOLC counters were the major contributors to the ASPI. Turnover of LKR 4.8Bn was led by a joint contribution of 50% from the Capital Goods sector and Food, Beverage and Tobacco sector. Foreign investors remained net sellers while recording low participation.
Bonds wrap the day on a flat note
Concluding the week, the secondary market yield curve remained broadly unchanged while overall market witnessed low volumes. In the midst of slight selling interest, 2027 maturities changed hands in the range of 11.32%-11.36% while 01.01.29 at 11.42% and 15.03.31 at 11.61%.
Courtesy: First Capital Research
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