Bullish run continues at CSE

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The bullish run at the Colombo Stock Exchange extended for the fourth consecutive day on Friday (2) with high hopes as the Government manages to reach a USD 2.9 billion staff level agreement with the International Monetary Fund.

The benchmark All Share Price Index (ASPI), which started the day at 9,254.81 points, gained 0.67 per cent (61.64 points) to close at 9,316.45 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 3,005.32 points, gained 0.14 per cent (4.29 points) to close at 3,009.61 points.

The daily turnover at the Colombo Stock Exchange on Friday (2) stood at Rs 4.2 billion, slightly higher than Rs 4.08 billion recorded the previous day.

The Colombo Bourse witnessed a foreign inflow worth Rs 526 million as foreigners purchased shares worth Rs 807 million, as against sales worth Rs 281 million.

More than 144 million shares changed hands on Friday (2) during 32,075 trades that took place.

Shares of more than 258 companies were traded during the day, of which 110 emerged as losers ahead of 97 winners.

Top ten gainers during the day were: Industrial Asphalt, LOLC Development Finance, Senkadagala Finance, LOLC Finance, People’s Merchant Finance, Shaw Wallace, Lanka Hospitals, LOLC General Insurance, Three Acre Farms and Merchant Bank.

Top losers were: SMB Leasing (non-voting), Gestetner, Nation Lanka Finance, Samson International, Serendib Hotels (non-voting), Asia Siyaka, Fortress Resorts, Fort Land, EB Creasy and Beruwala Resorts.

By Mario Andree