Negative trend broken at CSE

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The bearish run continued at the Colombo Stock Exchange (CSE) for the second consecutive session, on Thursday (28), on a relatively modest turnover as investors seemed to show interest, breaking the negative trend at the Colombo Bourse.

The benchmark All Share Price Index, which started the day at 7,280.52 points on Thursday (28) gained 4.55 per cent (330.91 points) to close the day at 7,611.43 points.

The S&P SL20, representing the top 20 companies traded on Colombo Bourse, which started at 2,356.71 points on gained 6.24 per cent (06.24 points) to close at 2,503.73 points.

The Colombo Stock Exchange saw a daily turnover of Rs 2.98 billion on Thursday (28) higher than Rs 2.18 billion recorded the previous day, with 154 winners comfortably ahead of 43 losers.

The Colombo Bourse witnessed a foreign outflow worth Rs 2.9 million on Thursday (28) as foreign sold shares worth Rs 107.9 million as against purchases of Rs 105 million. 

More than 140.22 million shares changed hands on Thursday (28) during 24,506 trades that took place.

Expolanka Holdings, LOLC Holdings, Hayleys, Aitken Spence and Browns Investment pushed the ASPI up despite attempts by Senkadagala Finance, CT Holdings, John Keells Holdings, Carson Cumberbatch and SDB Bank to bring it down.

The top ten winners during the day were: Union Assurance, LOLC Holdings, Tangerine Beach Hotels, Myland Developments, DIMO, Peoples Merchant Finance, Watawala Plantations, Prime Residencies, Namunukula Plantaions and Jetwing Symphony.

Top losers were: Senkadagala Finance, Nation Lanka Finance, ACME, Beruwela Resorts, CT Holdings, Dankotuwa Porcelain, Dilmah Ceylon. Sanasa Development Bank, Malwatte Plantions and Exterminators.

By Mario Andree