ASPI up 399.81, Turnover 9.6 billion , and 774. 929,435 million shares changing hands!!! The best 1st day of the year performance ever for the Colombo bourse ever indicates a flying start towards 15000 point mark by end of the quarter in March if the trend continues. We should watch the corporate earnings to be another record for the October to December period of reporting . Expectation is at least a 10 to 15% upside from the all time high figure of 110 billion made for the July to September quarter in 2021. The 399 point hike may trigger a slight sell off though it is likely to be absorbed by the confident new blooded domestic investors. plantations with Palm and Rubber is expected to rally together with Bil BRWN,LOLC ,Tile, Cable, Real estate and the HBS the new tech stock expected to consolidate further. Sunshine/Hemas will see fresh interest due to the Pharma sector tax relief announced yesterday. Overall as all indications pointed out the trend is upwards towards 15000 mark once the Policy rate decision is out by Thursday from CBSL .
