Shares crash as new Govt. forms


The five-day bullish run at the Colombo Stock Exchange came to an end on Friday (22) on a lower turnover with Sri Lanka forming a new Government under President Ranil Wickramasinghe and Prime Minister Dinesh Gunawardena.

The benchmark All Share Price Index, which started the day at 7,736.37 points on Friday (22), lost 0.19 per cent (14.59 points) to close the day at 7,721.78 points.

The S&P SL20, representing the top 20 companies traded on Colombo Bourse, which started at 2,477.67 points, lost 0.63 per cent (15.69 points) to close at 2,461.98 points.

The Colombo Stock Exchange saw a daily turnover of Rs 866 million on Friday (22), lower than Rs 1.2 billion recorded the previous day.

The Colombo Bourse witnessed a foreign inflow worth Rs 123 million on Friday (22) as foreigners purchased shares worth
Rs 142 million, as against sales worth Rs 19 million. 

More than 52.79 million shares changed hands on Friday (22) during 13,068 trades that took place.

Shares of more than 248 companies were traded during the day, of which 101 emerged as winners ahead of 80 losers.

By Mario Andree