Wednesday, April 24, 2019

Stocks end on high note

Sri Lankan stocks ended higher on Wednesday and All Share Price Index (ASPI) ended at 5413.55, up 10.97 or 0.20 percent and S& P index closed at 2603.00, up 12.9 points or 0.47 percent. Turnover was 1984 million rupees.

However, First Capital Research Daily Market research noted that heavy selling pressure was witnessed across the board on 23rd April after the Easter Sunday attack resulting in the index recording an approximate 7 year low mainly dragged down by CTC and JKH.

ASPI had a volatile downtrend reaching an intraday high of 5,541 and closed at an intraday low of 5,403, losing 204 points.

A net foreign outflow was recorded amidst moderate foreign participation.

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