Tuesday, 08 August 2023 07:35

Colombo stock market gains momentum Featured

The Colombo stock market yesterday remained robust with gain in indices, healthy turnover and net foreign inflow nearing the Rs. 6 billion mark year to date.

The active S&P SL20 rose by 1% to cross the 30% mark in year to date return. The benchmark ASPI by 0.4% to extend its YTD positive return to 37.6%. Turnover was Rs 3 billion involving 105.5 million shares.

Asia Securities said the indices continued their upward trajectory for a seventh consecutive session led by banking sector counters

Overall, 79 stocks recorded price gains while 121 settled with losses.

Turnover was led by JKH (Rs. 440 million), PABC (Rs. 303 million), and LIOC (Rs. 200 million).

Foreigners recorded a net inflow of Rs. 207.9 million boosting the year to date figure to Rs. 5.77 billion. Net foreign buying topped in JKH at Rs.

 

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