Market returns to positive

The market returned to positive sentiment yesterday from the negative sentiment that prevailed during the past few days and closed on a positive note with both indices appreciating.

The ASPI appreciated by 81.02 points (1.22 percent) to close at 6703.61 points while the MPI was up by 124.45 points (1.73 percent) to close at 7306.56 points respectively.

Interest on the banking sector counters continued across the board and the motor sector counters were also of investor interest yesterday. Both institutional and retail investor participation was evident throughout the day.

Foreign investors selling overpowered foreign investor buying to record a net foreign outflow of Rs 753.8 million. Price gainers outnumbered the price losers with 142 counters experiencing price hikes while only 54 counters declined in price. BMS