CSE reverts to YTD positive territory but sees Rs. 282 m net foreign selling

THE Colombo stock market yesterday reverted to positive territory year-to-date (YTD) thanks to investors sustaining the buying momentum.

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The benchmark ASPI gained by 73 points or 0.46% thereby finishing the YTD up by 0.39%.

Last week it closed negatively. The active S&P SL20 gained by over 10 points or 0.2% but remains YTD negative at 2%.

Turnover yesterday was Rs. 2.3 billion involving 79.6 million shares.

First Capital said investor sentiment remained positive during the trading session continuing from Tuesday's sentiment, driving the Colombo bourse to close in the green at 16,007, up by 73 points. However, selected Banking sector stocks exerted downward pressure on the index compared to previous sessions, with the Banking sector's contribution to the index being moderate. Retail and high-networth investor participation remained strong, as reflected by several crossings.