Tuesday, 31 October 2023 18:25

CSE turnover slumps to 4-month low of Rs. 397 million Featured

The turnover at the Colombo stock market slumped to a four-month low of Rs. 397 million as investors showed lacklustre interest amidst uncertainty over Budget 2024 and other factors.

Volume of shares traded was only 14.2 million. Indices almost remained unchanged. Asia Securities said the market continued its subdued momentum recording a four-month low in turnover.

The ASPI touched a high of 10,730 (+41 points) in early trading before dropping to 10,650 (-40 points). Eventually, the index settled marginally lower at 10,688 (-2 points). Notably, LIOC (+6.3%) closed markedly higher during the session. Overall, 73 stocks closed in green while 88 settled with losses.

Foreigners recorded a net inflow of Rs. 25 million. Net foreign buying topped in JKH at Rs. 31 million and selling topped in VONE at Rs. 5.8 million.First Capital said the market adopted a cautious stance, with investors adopting a wait and see approach in anticipation of the upcoming budget

 

Last modified on Tuesday, 31 October 2023 18:39

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