Shares continue to recover

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The Colombo Stock Exchange continued to recover as the benchmark index on Thursday (9) rose for the second consecutive session on a relatively lower turnover with continued foreign entry into the Bourse.

The benchmark All Share Price Index, which started the day at 7,772.69 points on Thursday (9), gained 1.40 per cent (108.44 points) to close the day at 7,881.13 points.

The S&P SL20, representing the top 20 companies traded on Colombo Bourse, which started at 2,529.09 points, gained 1.53 per cent (38.65 points) to close at 2,567.74 points.

The Colombo Stock Exchange saw a daily turnover of Rs 917 million on Thursday (9), lower than Rs 1.02 billion recorded the previous day.

The Colombo Bourse witnessed a foreign inflow worth Rs 25 million on Thursday (9) as foreigners purchased shares worth Rs 12 million as against sales of Rs 10 million. 

More than 46.9 million shares changed hands on Thursday (9) during 14,189 trades that took place.

Shares of more than 236 companies were traded during the day of which 122 emerged as winners comfortably ahead of 52 losers.

Royal Ceramic Lanka, Vallibel One, Hayleys, LOLC Holdings and Browns investment pushed the benchmark index up despite attempts by DFCC Bank, Melstacorp, Softlogic Holdings, Asian Hotels and Properties and Lanka IOC to drag it down.

The top ten winners during the day were: SMB Leasing (non-voting), Industrial Asphalt, Kandy Hotels, Vallibel One, People’s Merchant Finance, SMB Leasing, CIC (non-voting), Vallibel Finance, Swisstek and Dankotuwa Porcelain.

Top losers were: Laugfs Gas (non-voting), Hotel Sigiriya, HDFC Bank, Multi Finance, HVA Foods, Asia Siyaka, Namunukula Plantations, AHOT Properties, Softlogic and Vidullanka.

By Mario Andree