The Colombo stock market ended a five-session losing streak yesterday to end in green.
The ASPI ended up 0.33% or 67.97 points at 20,880.90 as 101 counters ended in green against 94 in red, and the S and P SL20 ended down 0.13% or 7.49 points at 5,901.65.
Turnover was over Rs. 1.4 billion on nearly 65.4 million shares traded and foreign investors were net sellers on a net outflow of Rs. 94.2 million.
The top contributors to the ASPI gain were DIAL, SINS, LION, CARS and LOLC.
First Capital Research said the bourse saw a reversal in the investor sentiment, weighing on the drop in global oil prices.
Although the global oil market was volatile, the Colombo stock market sustained its positive momentum through most of the session, further backed by the positivity stemmed from CBSL’s decision the previous day to maintain the OPR at 8.75%.
Turnover was largely contributed by HNW investors, whose interest was predominantly seen across the Banking sector. However, the retail investors depicted a low participation.
The banking sector led the daily turnover with a share of 34%, followed by the capital goods, and energy sectors collectively contributing 40%.