Bourse Turnover Falls to 30-Day Low

0
23

Bourse’s turnover fell to a 30 day low of Rs 1.02 billion yesterday, due to sustained uncertainty. A turnover lower than this last took place on 9 May 2022, the day SLPP thugs ran amok in broad daylight at ‘Gotagogama’ and ‘Mynagogama’ attacking peaceful protesters agitating for the removal of President Gotabaya Rajapaksa and the then Premier Mahinda Rajapaksa. Turnover made on 9 May was
Rs 981.32 million.

 Nonetheless, the ASPI and the S&P SL 20 Indices made pyrrhic gains, increasing by 1.86 and 3.04 per cent to 7,772.69 and 2,529.09 points respectively, on a miserly 45.74 million share volume yesterday. The bourse also enjoyed a nominal net foreign inflow of
Rs 66.66 million yesterday, though in the calendar year to date it has suffered a net foreign outflow of
Rs 1.12 billion.

Meanwhile, ‘Gotagogama’ is located at Galle Face Green Colombo while ‘Mynagogama’ was located opposite Temple Trees, Colombo, one of two official residences in Colombo then occupied by Mahinda.  Subsequently Mahinda and his Cabinet resigned after the 9 May incidents.

By  Paneetha Ameresekere