Weekly Market Reports for your information, a summary of week’s market performance is as follows;
| Index | Movement | Change (points) | Closing |
| ASPI | Up | 52.22 | 5,176.48 |
| S&P SL20 | Up | 47.54 | 2,227.19 |
| Turnover (LKR) | 4,286.4Mn | ||
| Share Volume | 238.5Mn | ||
| Net Foreign outflow | (875.7Mn) |
Performance of the Market
Monday - Market was closed for Nikini Full Moon Poya Day.
Tuesday – Buying interest noted across the board fuelled by better than expected corporate earnings on the banking sector and due to the general election. ASPI gained 0.83%. S&P SL20 gained 1.63%. Turnover 1.20Bn. Wednesday – Reported unexpected economic contraction of Q1, 2020 weighed on the investor confidence. ASPI lost 0.39%. S&P SL20 lost 0.24%. Turnover 604Mn.
Thursday - Bourse started the session on a sluggish note, but turned bullish during the latter part. Local investors were found cheering the initial results. Strong Buying interest noted especially on manufacturing sector and Banks. ASPI gained 0.59%. S&P SL20 gained 0.45%. Turnover 889.19Mn
Friday – Bourse cheered the election results and started the session on a strong bullish note, but due to excess profit taking turned negative. Attractive fundamentals of value stocks backed the investor confidence and protected the prices. ASPI lost 0.01%. S&P SL20 gained 0.34%. Turnover 1.59Bn
During the week – Local investor interest towards value stocks remained strong; other speculative counters too turned active. Continuing net foreign outflows on strong counters had restricted the bullish rally fuelled by the election related speculations. ASPI was fluctuated within the range of 5,137.93 – 5,234.58 points.
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