Shares hit near 5 ½-month high

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The bullish run at the Colombo Stock Exchange extended for the second consecutive day on Thursday (8), with the benchmark index rising to a near five-and-a-half-month high on a higher turnover with continued foreign entry into the Colombo Bourse.

The benchmark All Share Price Index (ASPI), which started the day at 9,447.27 points, gained 1.61 per cent (152.05 points) to close at 9,599.32 points, its highest since 29 March this year.

The S&P SL20 index representing the top 20 traded shares at the Colombo Stock Exchange (CSE), which started at 3,017.97 points, gained 1.69 per cent (51.06 points) to close at 3,069.03 points.

The daily turnover at the CSE on Thursday stood at Rs 4.9 billion, lower than Rs 6.08 billion a year ago. The Colombo Bourse witnessed a foreign inflow worth Rs 400 million as foreigners purchased shares worth Rs 839 million, as against sales worth Rs 439 million. More than 292 million shares changed hands on Thursday during 38,350 trades that took place. Shares of more than 253 companies were traded during the day, of which 133 emerged as winners ahead of 80 losers. The top ten winners during the day were: SMB Leasing (non-voting), Industrial Asphalt, Millennium Housing Developers, JAT Holdings, HVA Foods, Richard Peiris, Ceylon Cold Stores, Hatton Plantations and Agstar.

Top losers were: York Arcade, Fortress Resorts, Ambeon Holdings, Nawaloka Hospitals, Tess Agro (non-voting), EB Creasy, CW Mackie, Printcare, Alumex and Serendib Engineering Group.

By Mario Andree