Share recover


By Mario Andree

The Colombo Stock Exchange ended the week on Friday (25) on a positive note as the benchmark index recovered on a modest turnover despite some foreign exits from the Colombo Bourse.

The benchmark All Share Price Index (ASPI), which started the day at 10,451.71 points, rose 3.61 points (0.03 per cent) to close the day at 10,455.32 points.

The S&P SL20 index, which represents the top 20 companies listed, started the day at 3,611.71 points, rose 27.21 points (0.76 per cent) to close at 3,639.12 points.

The day’s turnover reached Rs 4.5 billion, higher than Rs 1.7 billion recorded the previous market day.

More than 95.33 million shares changed hands during 17,384 trades that took place.

Shares of 249 companies were traded during the day, of which 111 emerged as losers comfortably ahead of 66 winners.

Foreigners were net sellers during the day. The net foreign outflow on Friday (25) stood at Rs 33 million as foreigners sold shares worth Rs 99 million as against purchases worth Rs 66 million.

Expolanka Holdings, LOLC Holdings, Chevron Lubricants, People’s Insurance and Commercial Bank pushed the ASPI up despite attempts by Browns Investment, National Development Bank, Hatton National Bank, Hemas Holdings and Seylan Bank to drag it down.

The top ten gainers during the day were: HNB Finance (non-voting), Pegasus Hotels, LCB Finance, Autodrome, Hotel Sigiriya, Ambeon Holdings, Malwatte Plantations (non-voting), Anilana Hotels, Vallibel Finance and Renuka Holdings (non-voting).

Top losers were: Industrial Asphalt, Lighthouse Hotels, CT Land, Gestetner, Mackwoods Energy, Lankem Ceylon, LVL Energy, Tess Agro (non-voting), Amana Takaful and Madulsima Plantations.