Bourse expanded the optimistic momentum for the fourth consecutive day on Tuesday in a thin trading session, amid slight direction in politics after the conclusion of nominations for the mid-August general election. Main index gained 24.22 index points or 0.35% to close at 7,027.00 while S&P SL20 index bagged 3.84
index points (+0.10%) to end at 3,920.28. Mirroring the lackluster trading, daily market turnover recorded one month low of LKR 367mn while market volume declined to 3 month low of 11mn shares. John Keells Holdings emerged as the top contributor to the turnover with LKR 81mn followed by Ceylon Tobacco Company (LKR 28mn), LB Finance (LKR 24mn) and Nations Trust Bank (LKR 17mn). Meanwhile, Kegalle Plantations, John Keells Holdings and Textured Jersey were among heavily traded counters. Foreign investors were net buyers snapping the nine consecutive sessions of selling streak with a net inflow of LKR 36mn. Foreign participation was 23%.
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