Colombo Stock Exchange sustains upward trend

THE Colombo stock market sustained its upward trend yesterday with the banking sector boosting turnover to over Rs. 9 billion.

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The benchmark ASPI gained by 0.86%, while the active S&P SL20 declined by 0.35%. Turnover was over Rs. 9.29 billion involving 261.28 million shares.

Foreign participation in the market activity remained at subdued levels with foreigners closing as net sellers with a net outflow of Rs. 135.58 million.

First Capital said exhibiting a robust upward trajectory, the Colombo bourse yesterday wrapped up in the green, with the ASPI posting a gain of 183 points and closing at 21,521. While the positive momentum was bolstered by the contribution from multiple sectors, SAMP, CTC, CFIN, SFCL and DIST were the top positive contributors to the index.