ASPI in green zone

The start of the trading week was encouraging which led the ASPI towardsthe green zone.

However the MPI closed marginally in the red. The ASPI climbed 18.07 points to close at 6378.91 and the MPI dipped 5.20 points to close at 6828.87.

High net worth and institutional investors were active during yesterday compared to retail investors. The poultry industry counters such as BFL and TAFL continued to attract investors while the Banking sector also gained attention during the day.

Foreign investors were on the selling side to record a net foreign outflow of Rs 219.71 million.

There were 105 price gainers as opposed to 62 losers for the day. The market seems to have potential with some valuable counters currently trading at low multiples. BMS daily report