Equity Market

ASPI was seen topping at 6,462 and move between 18 points prior to reversing the downtrend witnessed for the last three consecutive days to close for the day at 6,452, gaining 6 points. Turnover increased notably as volume declined while a moderate foreign participation led to a net foreign outflow from the market. Price appreciation in 64 counters led by big cap CTC weighted heavily on the index thereby negating the negative effects of 73 counters led by CINS.

About us :  This report providing a snapshot of fixed income, equity and unit trust is composed and circulated by First Capital Holdings PLC an investment bank in Sri Lanka.   The company operates in the capital market of Sri Lanka with operations in government securities – treasury bills and bonds, stock brokering and share market investments, asset management, private wealth management,  retirement planning, personal financial planning, unit trust, margin trading, capital market research, trustee services, corporate finance advisory services including corporate debt structuring (debentures, trust certificates, commercial papers), valuations, restructuring, mergers and acquisitions, initial public offerings (IPOs) and project advisory.   The First Capital Group consists of First Capital Treasuries PLC, First Capital Limited, First Capital Markets Limited, First Capital Asset Management Limited and First Capital Equities (Private) Limited covering Colombo, Negombo, Matara, Kandy and Kurunegala.