Shares recover


The four-day bearish run ended at the Colombo Stock Exchange on Friday (8) as the benchmark index slightly recovered from its previous losses on a low turnover despite foreign exits from the Colombo Bourse.

The benchmark All Share Price Index, which started the day at 7,057.86 points on Friday (8),gained 0.32 per cent (22.83 points) to close the day at 7,080.69 points.

The S&P SL20, representing the top 20 companies traded on Colombo Bourse, which started at 2,228.99 points, gained 0.71 per cent (15.84 points) to close at 2,244.83 points.

The Colombo Stock Exchange saw a daily turnover of Rs385 millionon Friday (8),lower than Rs791 million recorded the previous day.

The Colombo Bourse witnessed a foreign outflow worth Rs15 million on Friday(8) as foreigners sold shares worth Rs20 million, as against purchases of Rs 5 million.   More than 22.9 million shares changed hands onFriday (8) during 8,511 trades that took place.

Shares of more than 230 companies were traded during the day, of which 106 emerged as winners comfortably ahead of 59 losers.

LOLC Holdings, Expolanka Holdings, Seylan Bank, Vallibel One, LOLC Finance pushed the benchmark index up despite attempts by Sampath Bank, Melstacorp, Central Finance Company, Dockyard and Chevron Lubricants to drag it down.

Top ten gainers during the day were: Shaw Wallace, Blue Diamonds, Beruwela Resorts, Ambeon Capital, Lankem Ceylon, Mahaweli Reach Hotels, Tess Agro, Horana Plantations, Colombo Land and PGP Glass.

Top losers were: Nation Lanka Finance, Pegasus Hotels, Dockyard, First Capital Treasuries, Raigam Salterns, Citrus Leisure, Eden Hotel Lanka, Kapruka, Central Industries and Convenience Food.

By Mario Andree