Shares ends June in Red


The Colombo Stock Exchange slipped on Thursday (30) closing the month on a negative note as the benchmark index lost on a lower turnover with continued foreign exits from the Colombo Bourse.

The benchmark All Share Price Index, which started the day at 7,365.92 points on Thursday (30), slipped 0.32 per cent (23.59 points) to close the day at 7,342.33 points.

The S&P SL20, representing the top 20 companies traded on Colombo Bourse, which started at 2,350.28 points, slipped 0.68 per cent (15.92 points) to close at 2,334.36 points.

The Colombo Stock Exchange saw a daily turnover of Rs 785 million on Thursday (30), slightly higher than Rs 778 million recorded the previous day.

The Colombo Bourse witnessed a foreign outflow worth Rs 3 million on Thursday (30) as foreigners sold shares worth Rs 11 million, as against purchases of Rs 8 million. 

More than 115.8 million shares changed hands on Thursday (30) during 9,607 trades that took place.

Shares of more than 232 companies were traded during the day, of which 87 emerged as losers ahead of 73 winners.

Melstacorp, Expolanka Holdings, LOLC Holdings, Hayleys and Browns Investment dragged the benchmark index down despite attempts by Hatton National Bank, Softlogic Holdings, Lanka IOC, Commercial Bank and Sampath Bank to push it up.

The top ten losers during the day were: Abans Financial, SMB Leasing, Orient Finance, Serendib Hotels, Sarvodaya Development Finance, Citrus Hikkaduwa, Mullers and Phipps, Bogala Graphite, Renuka Foods (non-voting) and Hayleys Fiber.

Top winners were: Pegasus Hotels, Huters, Equity Two, Blue Diamonds, Printcare, Tess Agro (non-voting), Softlogic Holdings, Singhe Hospitals, Lankem Ceylon and Tess Agro.

By Mario Andree