Retail participation dominates Market

Retail participation continues to dominate proceedings at the Colombo Stock Exchange. Retail investors seem to be making maximum benefit from the current bullish sentiment in the market. Indices edged to negative territory during the morning session but recovered during the latter stages helped by improved interest on selected highly capitalized counters.

ASI gained 44.91 points (0.84%) to close at 5,372.13, MPI edged lower by 7.70 points (-0.15%) to close at 4,970.73 and the S&P index gained 11.90 points (0.41%) to close at 2,943.31. Turnover was Rs.941.2Mn. Top contributors to turnover were Free Lanka Capital Holdings with Rs. 87.3Mn, Dialog Axiata with Rs. 55.2Mn and People_s Leasing with Rs. 52.2Mn. Lanka Security Research