| Daily Equity Watch |
*“Market rises on steady retail-backed turnover”*
Colombo Bourse, ASPI climbed sharply at the open and traded steadily through the late morning before experiencing a session of profit taking before closing the day with a partial recovery. The ASPI advanced 37 points to close at 22,459, while the S&P SL20 climbed 11 points to end at 6,095. Top contributors to the ASPI were DOCK, CINS, CFIN, HHL, and SUN. HNW participation remained low, yet retail investors showed significant interest, resulting in a daily turnover of around LKR 5.6Bn, which is 20% above the monthly average turnover of LKR 4.6Bn. The Capital Goods sector accounted for 31% of total turnover, while the Food Beverage & Tobacco and Energy sectors contributed a combined 30%. Foreign investors remained net sellers, posting a net outflow of LKR 150.5Mn.
