Shares crash

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The three-day bullish run at the Colombo Stock Exchange came to an end on Thursday (14), with the situation escalating in Sri Lanka following as President Gotabaya Rajapksa failed to provide his resignation as promised on 9 July.

The benchmark All Share Price Index, which started the day at 7,365.67 points on Thursday (12), lost 0.64 per cent (47.43 points) to close the day at 7,318.24 points.

The S&P SL20, representing the top 20 companies traded on Colombo Bourse, which started at 2,365.22 points, lost 1.18 per cent (28 points) to close at 2,337.22 points.

The Colombo Stock Exchange saw a daily turnover of Rs 625 million on Thursday (14), lower than Rs 1.1 billion recorded the previous day.

The Colombo Bourse witnessed a foreign inflow worth Rs 5 million on Thursday (14) as foreigners purchased shares worth Rs 11 million, as against sales worth Rs 6 million. 

More than 44.5 million shares changed hands on Thursday (14), during 10,466 trades that took place.

Shares of more than 226 companies were traded during the day, of which 83 emerged as losers ahead of 76 winners.

By Mario Andree