The stock market made a six calendar day low turnover of Rs 947.50 million yesterday, impacted by the ‘Avurudu’ holidays, sustained uncertainty and high double digit inflation complemented by a high interest rate regime-inimical to the growth of the market.
Consequently the benchmark ASPI made a pyrrhic gain of 0.04 per cent to 9,415.28 points, while the more sensitive S&P SL 20 Index declined by 0.55 per cent to 2,754.23 points on an eight day low share volume of 40.81 million dominated by retailer play.
Subsequently the stock market suffered a net foreign outflow of Rs16. 33 million today, though in the calendar year to, today, it has enjoyed a net foreign inflow of Rs 788.02 million.