*First Capital Research | Daily Equity Watch | 03 Feb 2025* *"ASPI takes a hit in February's debut session"* The ASPI closed the first trading session of February at 16,956, down 166 points. Negative contributors outpaced positive ones, with key decliners including HNB, LOLC, BUKI, CARS, and CFIN. On the upside, SPEN, TJL, and CCS were notable performers. SPEN’s growth was driven by strong January tourist arrivals and a positive outlook for the tourism sector. TJL and CCS benefitted from robust earnings reports. Market turnover totaled LKR 3.0Bn, a 57.0% decline from the monthly average of LKR 7.1Bn. The Capital Goods sector led turnover at 26%, followed by the Food, Beverage & Tobacco and Banking sectors which contributed 29%. There was notable activity in the Apparel and Construction sectors. Investor participation remained subdued among HNW individuals, while retail investors remained dominant. Foreign investors were net sellers, with a net outflow of LKR 179.3Mn. *-First Capital Research-*