Sri Lanka *market update* ASPI close down 0.2-pct, Foregin inflow Rs.41mn

Turnover recorded for the day was below LKR 400mn with only 27mn shares changing hand. The benchmark ASPI closed 10.20 points lower at 6,506.93 points while S&P SL20 closed almost flat at 3,531.39 points. DIST continued to be in the spotlight, with the stock being the highest contributor to today’s turnover, contributing ~14%. The share moved up today after closing lower for three consecutive days last week. DIST closed LKR 2.40 higher at LKR 266.70. Low valued counters continued to be among investor favorites, with BERU and ATL in particular grabbing much of the attention. The above two stocks contributed ~40% to today’s total volume. Price losers outnumbered price gainers by 73 to 61. Foreign investors continued to be net buyers recording a net foreign inflow of LKR 41mn.