Sri Lanka *market update* ASPI down, Turnover low due to lack of investor participation

Activities in the Colombo bourse continued to remain dismal recording thin volumes and turnover levels. The benchmark fell 2.03 points (0.03%), while S&P SL20 index also closely followed suit depreciating 3.88 points (0.11%) respectively. The benchmark index has declined 92.41 points or 1.41% since the beginning of the month while eroding LKR 39bn from the market. The cable manufacturer ACL came under limelight today, making entrance to the top turnover and volume lists. The stock closed flat at LKR 64.00 during today’s trading session. NDB and CTC managed to secure next slots in the turnover list aided by negotiated deals. Negotiated deals accounted for ~15% of today’s turnover. Low valued stocks in the likes of BLUE.X, HPFL emerged among highest gainers for the day, while ATL recorded largest daily losses. Foreign investors aligned on to the buying side today, generating a net foreign inflow of LKR 39mn. ACL reported the highest net inflow, while LION recorded the highest net outflow.