The mkt breached the ASPI mark for the 2nd time this month with a strong performance on the Aluminum, Tile, plantation counters having strong buying side . The breach of ASPI 11000 is genuine this time with most companies with strong dollarised earnings and manufacturing companies with 60% + mkt share on their products has very good potential to take advantage of current demand and supply restrictions/issues.
The CBSL monetary policy that didn’t change this week too gives a boost to the mkt due to the low interest rate policy consistency.
Expect to see new highs on most favorite counters that has performed exceptionally well in the past quarter and due to the expectation of an even better current quarter.
Buys on EXPO RCL Tiles Tyre ACL Sunshine and a new trigger on CIC and Hayleys expected with the changes in govt policy related to Agri sector
