Bullish run continues at CSE

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The bullish run at the Colombo Stock Exchange extended for the third consecutive day on Friday (9) with the benchmark index rising to a near five-and-a-half-month high on a higher turnover despite foreign exits from the Colombo Bourse.

The benchmark All Share Price Index (ASPI), which started the day at 9,599.32 points, gained 1.09 per cent (104.89 points) to close at 9,704.21 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 3,069.03 points, gained 2.03 per cent (62.26 points) to close at 3,131.29 points.

The daily turnover at the CSE on Thursday stood at Rs 4.1 billion, lower than Rs 4.9 billion a year ago.

The Colombo Bourse witnessed a foreign outflow worth Rs 310 million as foreigners sold shares worth Rs 343 million, as against purchases worth Rs 33 million.

More than 173 million shares changed hands on Friday (9) during 38,856 trades that took place.

Shares of more than 255 companies were traded during the day, of which 116 emerged as winners ahead of 95 losers.

The top ten winners during the day were: Industrial Asphalt, Mullers & Phipps, HVA Foods, Tokyo Cement, Central Industries, Ex-Pack, Tokyo Cement (non-voting), Amana Life, Raigam Salterns and Hotels Corporation.

Top losers were: SMB Leasing (non-voting), CM Holdings, Kelsey Homes, Dolphin Hotels, Nations Trust Bank (non-voting), Millennium Housing Developers, Hunters, CT Land, Convenience Food and Tess Agro (non-voting).

By Mario Andree