By Mario Andree
The bearish run continued for the fourth consecutive day at the Colombo Stock Exchange on Thursday (31) dragging the benchmark index to a more than 6-month low on a relatively lower turnover with some foreign exits from the Colombo Bourse.
The benchmark All Share Price Index (ASPI), which started the day at 9,294.89 points, slipped 391.02 points (4.21 per cent) to close the day at 8,903.87 points, its lowest since 23 September 2021.
The S&P SL20 index, which represents the top 20 companies listed, started the day at 3,196.19 points, slipped 165.03 points (5.61 per cent) to close at 3,031.16 points.
The day’s turnover reached Rs 2.3 billion, lower than Rs 3.3 recorded the previous market day.
More than 110.8 million shares changed hands during 16,900 trades that took place.
Shares of 238 companies were traded during the day, of which 137 emerged as losers comfortably ahead of 51 winners.
Foreigners were net sellers during the day. The net foreign outflow on Thursday (31) stood at Rs 37 million as foreigners sold sharesworth Rs 426 million as against purchases worth Rs 389 million.
Sampath Bank, Ceylon Tobacco Company, Commercial Bank, Expolanka Holdings and LOLC Holdings dragged the ASPI down, despite attempts by LOLC Finance, Nawaloka Hospitals, People’s Insurance, Seylan Bank and Cargills to push it up. The top ten losers during the day were: Blue Diamonds, Autodrome, Balangoda Plantations, Myland, Fort Land, Chrissworld, Ceylon Tobacco, Palm Garden Hotels, ACL Plastics and Kapruka.
Top gainers were: Lighthouse Hotels, Vidullanka (non-voting), Nawaloka Hospitals, Kandy Hotels, LOLC Finance, Serendib Engineering Corporation, Asia Assets, Janashakthi Insurance, Horana Plantations and Hotel Sigiriya.