Home Market Turnover records 4-months high amidst improved sentiments

Turnover records 4-months high amidst improved sentiments

  • 04 Aug 2022
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Following the President’s detailed speech on debt restructuring and future economic plans, ASPI continued to scale high and continued the positive momentum for the sixth consecutive day while recording the highest turnover in 4-months of LKR 3.8Bn.



Further, confirmation of support for an all-party government from all major parties also uplifted investor sentiment. As the economic activities gradually returning to normalcy, retailers actively participated and drove the Bull Run to dominate the session and closed for the day at 8,229, gaining 149 points.





Modest turnover of LKR 3.8Bn recorded today was 221% higher than the monthly average turnover of LKR 1.2Bn with Transportation and Food, Beverage and Tobacco sectors jointly contributing 46%. Despite recording robust participation, foreign investors continued to remain net sellers for the 3rd straight day.





Meanwhile in the bond market secondary market activities toned down amidst slim buying interest. The secondary market yield curve remained broadly unchanged as activities slightly toned down.  However, following President’s statement yesterday on his plans for an economic revival and signs of an all-party formation brought in some buying interest and as a result, 01.06.25 maturity traded at 27.65% while 3M maturity traded at 26.50% despite thin volumes.



Courtesy: First Capital Research

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