*First Capital Research | Daily Equity Watch | 07 Feb 2025* *"Positive momentum meets tepid investor activity"* The positive momentum observed in yesterday’s session carried over into today, as the ASPI closed at 16,735, marking a notable uptick of 228 points, amid relatively lower turnover levels. The market experienced early volatility, but as investor sentiment regained traction, a sustained rally ensued in the latter half of the session. This shift in momentum propelled the market upwards, securing a robust finish to the day’s trading. Key contributors to this rally included CINS, MELS, JKH, SPEN, and COMB, which collectively drove the index higher. On the downside, WATA, SEYB, and CSF were the primary detractors, exerting downward pressure on the index. ASPH, PHAR and CARS emerged as the top three gainers of the day while SEMB.X, CSF and TESS remained the top losers. Investor participation appeared somewhat muted, with turnover registering at LKR 2.1Bn, a decline from yesterday’s LKR 5.2Bn. The Capital Goods sector led in turnover contribution, accounting for 28%, followed closely by the combined contributions of the Food, Beverage & Tobacco, and Banking sectors, which together represented 35% of total turnover. *-First Capital Research-*