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Investor hunt in steady play extends with strong emphasis on BFI sector Vote_lcap68%Investor hunt in steady play extends with strong emphasis on BFI sector Vote_rcap 68% [ 178 ]
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FINANCIAL CHRONICLE™ » DAILY CHRONICLE™ » Investor hunt in steady play extends with strong emphasis on BFI sector

Investor hunt in steady play extends with strong emphasis on BFI sector

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Redbulls

Redbulls
Director - Equity Analytics
Director - Equity Analytics
WRITTEN BY THARANGA SENARATNE
Feb 08, 2013 (LBT) - The week commenced following the holidays on a volatile note with indices moving at a broadly flat pace before the benchmark index witnessed an uptick of 40 points on Friday, the biggest gain in three weeks. With the start of the interim results season, a positive reaction in investor sentiment was noted with steady plays taking centre stage. Investors piled into banking and finance sector counters extending their confidence on strong valuations and anticipated growth in earnings with foreign and high net worth play underscoring activity levels. The ASPI closed at 5,850.67 points with a gain of 51 points WoW while weekly turnover read an average of LKR1.2 billion. 33 crossings contributed 53% to the week’s turnover. Bourse attracted strong foreign participation throughout the week weighing heavier on the selling side resulting in a net foreign outflow of LKR234 mn.
http://lbt.lk/stock-market/movement/3644-investor-hunt-in-steady-play-extends-with-strong-emphasis-on-bfi-sector

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