First Capital Trading Insights
First Capital Trading Insights
February 6, 2025 at 12:04 PM
*First Capital Research | Daily Equity Watch | 06 Feb 2025* *"Stocks turn green; ASPI jumps 51 points”* The ASPI gained momentum today, shrugging off February’s bad start. Yesterday’s negative sentiment appears to have lingered during the early hours of today’s session triggering a drop in the ASPI of over 100 points. However, as the day unraveled, the ASPI made a turn-around propelled by bargain buying. ASPI wrapped up today’s trading session at 16,506, up by 51 points. Positive contributors to the ASPI outweighed that of negative contributors, marking a remarkable reversal of events. The Banking sector appeared to have recovered as SAMP, DFCC and SEYB stood out as dominant positive contributors to the ASPI alongside CTHR and JKH. CINS exerted noteworthy adverse pressure on the ASPI alongside SPEN and DIAL. Today’s session witnessed somewhat subdued investor participation compared to yesterday, as the turnover remained at LKR 5.2Bn, also lower than the monthly average of LKR 6.5Bn. The Banking sector led turnover, its contribution standing at 26.8%. This was followed by the Capital Goods, and Food, Beverage and Tobacco segments, which jointly produced a contribution of 37.1%. *-First Capital Research-*

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