*First Capital Research | Daily Equity Watch | 31 Jan 2025* *"A modest uptick in the ASPI as earnings reports roll in"* The bourse showed signs of recovery from yesterday, although slight volatility persisted. The ASPI gained 8 points, closing at 17,123, showcasing a 0.04% increment. The top positive contributors to the index were CFIN, CFLB, GREG, TJL and TAP. There was an increase in HNW participation, while retail participation remained moderate. Market activity was influenced by the recently released earnings reports, with companies posting strong earnings seeing significant returns and turnover. Sentiment was particularly positive toward specific banking stocks and blue-chip companies. The turnover stood at LKR 5.2Bn, marking a 29.3% decrease from the monthly average of LKR 7.3Bn. The Capital Goods sector was the most significant contributor to the overall turnover with a 33% share, followed by the Banking, and Food, Beverage & Tobacco sectors jointly contributing 25%. Foreign investors remained net sellers, with a net outflow of LKR 405.6Mn. *-First Capital Research-*