Shares hit 5-month high


The bullish run at the Colombo Stock Exchange extended for the third consecutive day opening the new month on Thursday (1) with high hopes as the Government manages to reach a 2.9 billion staff level agreement with the International Monetary Fund.

The benchmark All Share Price Index (ASPI), which started the day at 9,071.32 points, gained 2.02 per cent (183.49 points) to close at 9,254.81 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 2,928.97 points, gained 2.61 per cent (76.36 points) to close at 3,005.32 points.

The daily turnover at the Colombo Stock Exchange on Thursday (1) stood at Rs 4.08 billion, slightly lower than Rs 4.2 billion recorded the previous day.

The Colombo Bourse witnessed a foreign inflow worth Rs 128 million as foreigners purchased shares worth Rs 421 million, as against sales worth Rs 293 million.

More than 151 million shares changed hands on Thursday (1) during 37,187 trades that took place.

Shares of more than 265 companies were traded during the day, of which 158 emerged as winners comfortably ahead of 61 losers.

Top ten gainers during the day were: SMB Leasing (non-voting), Gestetner, Fort Land, LCB Finance, Nuwara Eliya Hotels Company, Asia Capital, Luminex, Talawakelle Plantations, CM Holdings and Jetwing Symphony.

Top losers were: Citizens Development Business, Mercantile Shipping, Tess Agro (non-voting), Eastern Merchant, Lighthouse Hotels, Mahaweli Reach Hotels, Hotels Corporation, Aisa Asset, TAL Lanka and Palm Garden Hotels.

By Mario Andree