CSE posts gains despite curfew

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The benchmark All Share Price Index, which started the day at 7,516.63 points on Thursday (12) gained 3.17 per cent (237.99 points) to close the day at 7,754.62 points.

The S&P SL20, representing the top 20 companies traded on Colombo Bourse, which started at 2,443.05 points, gained 3.83 per cent (93.59 points) to close at 2,536.64 points.

The Colombo Stock Exchange saw a daily turnover of Rs 1.19 billion on Thursday (12) higher than Rs 981 million recorded the previous day.

Despite island-wide curfew, imposed due to the civil unrest, which broke out last Monday (09), the Colombo Stock Exchange posted gains for the second consecutive day on Thursday (12) on a relatively lower turnover.

The Colombo Bourse witnessed a foreign outflow worth Rs 50 million on Thursday (12) as foreigners sold shares worth Rs 71 million as against purchases of Rs 21 million. 

More than 59.33 million shares changed hands on Thursday (12) during 15,290 trades that took place.

Shares of 243 companies were traded during the day of which 168 emerged as winners comfortably ahead of 26 losers.

Expolanka Holdings, Hayleys, Commercial Bank, Royal Cermaic and Sampath Bank pushed the benchmark index up despite Hatton National Bank, Asian Hotels and Properties, People’s Insurance, The Kandy Hotels Company and Ceylon Grain Elevators, attempting to hold it down.

The top winners during the day were: SMB Leasing (non-voting), Blue Diamonds (non-voting), Balangoda Plantations, Industrial Asphalt, Kelani Valley, Citrus Waskaduwa, Agalawatte Plantations, Nation Lanka Finance, Browns Beach Hotels and Citrusm Hikkaduwa.

Top losers were: Bansei Resorts, Kandy Hotels, Merchant Bank, Renuka City Hotels, First Capital, Laxapana Batteries, Citizens Development Business (non-voting), AHOT Properties, Bogala Graphite and Ceylon Investments.

By Mario Andree