Bullish run continues at CSE

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The bullish run continued at the Colombo Stock Exchange (CSE) for the third consecutive session, on Friday (29), 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 7,611.43 points on Friday (29) gained 0.17 per cent (12.83 points) to close the day at 7,624.26 points.

The S&P SL20, representing the top 20 companies traded on Colombo Bourse, which started at 2,503.73 points, gained 0.22 per cent (5.51 points) to close at 2,509.24 points.

The Colombo Stock Exchange saw a daily turnover of Rs 2.48 billion on Friday (29) higher than Rs 2.98 billion recorded the previous day.

The Colombo Bourse witnessed a foreign inflow worth Rs 63 million on Friday (29) as foreign purchased shares worth Rs 82 million as against sales of Rs 19 million. 

More than 120.49 million shares changed hands on Friday (29) during 23,353 trades that took place.

Shares of 242 companies were traded during the day of which 107 emerged as winners ahead of 78 losers.

LOLC Holdings, John Keells Holdings, Ceylinco Insurance, PABC Bank, Chevron Lubricants Lanka pushed the ASPI up despite attempts by Royal Ceramic, Aitken Spence, Hatton National Bank, Cargills Ceylon and Commercial Bank to drag it down.

The top ten winners during the day were: Pan Asia Bank, Co-operative Insurance, Dialog Finance, Pegasus Hotels, Royal Palms Beach Hotels, Nation Lanka Finance, Renuka Foods (non-voting), Keells Foods, EML Consultants and e-Channeling.

Top losers were: SMB Leasing (non-voting), Laugfs Power (non-voting), Gestetner, Colombo Investment Trust, Hapugastenne Plantations, Mullers and Phipps, HVA Foods, Ambeon Capital and Asia Capital.

By Mario Andree