Bullish run continues at Bourse

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The bullish run at the Colombo Stock Exchange continued for the fourth consecutive session on Thursday (23) as the benchmark index gained on a relatively lower turnover with some foreign exits from the Colombo Bourse.

The benchmark All Share Price Index, which started the day at 7,512.15 points on Thursday (23), gained 0.58 per cent (43.94 points) to close the day at 7,556.09 points.

The S&P SL20, representing the top 20 companies traded on Colombo Bourse, which started at 2,409.81 points, gained 0.90 per cent (21.63 points) to close at 2,431.44 points.

The Colombo Stock Exchange saw a daily turnover of Rs 1.1 billion on Thursday (23), lower than Rs 690 million recorded the previous day.

The Colombo Bourse witnessed a foreign outflow worth Rs 164 million on Thursday (23) as foreigners sold shares worth Rs 171 million, as against purchases of Rs 7 million. 

More than 43.7 million shares changed hands on Thursday (23) during 9,734 trades that took place.

Shares of more than 222 companies were traded during the day, of which 82 emerged as winners ahead of 71 winners.

Expolanka Holdings, Browns Investment, Hatton National Bank, Hatton National Bank (non-voting), Royal Ceramics Lanka pushed the index up despite attempts by John Keells Holdings, Melstacrop, Aitken Spence, Commercial Bank and Vallible One to drag it down.

Top ten gainers were: Malwatte Plantations (non-voting), HNB Finance (non-voting), Royal Palms, Singer Industries, Hotels Corporation, Chrissworld, Dialog Finance, Singhe Hospitals, Softlogic Financ and AHOT Properties.

By Mario Andree

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