Bourse started the week in the negative zone where both ASPI and S&P SL20 index dropped over 2.5% while ASPI recorded the highest intraday loss in 2 ½ -week.

Index displayed a sharp fall since the beginning of the session as macroeconomic worries and concerns over ongoing economic conditions rose.

Moreover, banking sector counters and retail favourite counters such as EXPO, LOLC and HAYL witnessed selling pressure as investors preferred to stay away from the highly volatile market. With that, index closed lower at 10,142, losing 313 points.

Turnover recorded lower at LKR 2.1Bn mainly led by Banks, Transportation and Diversified Financials sectors accounting for a joint contribution of 51%. Foreign investors turned net buyers while recording low participation.

Bonds stay on mute

 The secondary bond market activities remained at a standstill as the market participants continued the vow of silence ahead of the bond auction tomorrow.

Courtesy: First Capital Research