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Market stagger amidst volatile session

  • 27 May 2022
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ASPI closed the day flat, as investors continue to remain sidelined waiting for more clarity on the tax front.

Index opened on an upbeat note but regressed to red during mid-session as selling pressure took charge.

Subsequently, index see-sawed from green to red with massive volatility before closing for the day at 8,316 losing 4 points.

However, LOLC group contributed positively to hold the ASPI in green although profit booking was witnessed in counters such as JKH and SAMP.

Turnover of LKR 1.6Bn was led by Food, Beverage and Tobacco sector accounting for a 41% contribution. Foreign investors remained net sellers while recording low participation.

Yields remained flat ahead of the bond auction

The secondary market yield curve remained mostly unchanged ahead of the LKR 40.0Bn worth of bond auction to be held on 30th May 2022.

The overall market delivered limited activities while generating thin volumes. During the day, 01.06.25 maturity hovered in the range of 22.61% - 22.55%.

Courtesy: First Capital Research

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