Bearish run continues at CSE

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The bearish run at the Colombo Stock Exchange extended for the fourth consecutive session on Friday (26) as the benchmark index slipped on a relatively modest turnover despite continued foreign entry into the Colombo Bourse.

The benchmark All Share Price Index (ASPI), which started the day at 8,828.08 points, slipped 0.39 per cent (34.69 points) to close at 8,793.39 points.

The S&P SL20 index representing the top 20 traded shares at the Colombo Stock Exchange, which started at 2,866.23 points, slipped 0.09 per cent (2.49 points) to close at 2,863.75 points.

The daily turnover at the Colombo Stock Exchange on Friday (25) stood at Rs 2.2 billion, slightly higher than Rs 2.1 billion a year ago.

The Colombo Bourse witnessed a foreign inflow worth Rs 406 million as foreigners purchased shares worth
Rs 476 million, as against sales worth Rs 70 million.

More than 73 million shares changed hands on Friday (26) during 24,140 trades that took place. Shares of more than 252 companies were traded during the day, of which 112 emerged as losers ahead of 83 winners.

By Mario Andree