Bullish run extends for 12th day

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The bullish run extended for the twelfth consecutive session on Friday (12) as the benchmark index rose to a four-and-a-half-month high on a higher turnover despite continued foreign exits from the Colombo Bourse.

The benchmark All Share Price Index (ASPI), which started the day at 8,706.17 points, gained 3.69 per cent (321.31 points) to close at 9,027.48 points, its highest since 30 March this year.

The S&P SL20 index representing the top 20 traded shares at the Colombo Stock Exchange, which started at 2,928.96 points, gained 4.88 per cent (143.05 points) to close at 3,072.01 points.

The daily turnover at the Colombo Stock Exchange on Friday (12) stood at Rs 6.3 billion, higher than Rs 4.5 billion a year ago.

The Colombo Bourse witnessed a foreign outflow worth Rs 156 million as foreigners sold shares worth Rs 570 million, as against sales worth Rs 414 million.

More than 209.9 million shares changed hands on Friday (12) during 48,184 trades that took place.

Shares of more than 262 companies were traded during the day, of which 140 emerged as winners ahead of 90 losers.

By Mario Andree