BRS Weekly Report - 17.05.2024

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Weekly Reports
17/05/2024
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The market closed in red for four consecutive days amidst profit taking and uncertainties surrounding the political front. However, Friday’s session saw an uptick in indices albeit failing to recoup losses. An average daily turnover of LKR 2.2bn (5 trading days) was recorded for the week, slightly down from previous week’s LKR 2.4bn). However, active investor participation was seen on counters with strong quarterly earnings. Negotiated deals contributed to ~24% of the week’s turnover.
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