Bullish run ends at CSE


The bullish run ended at the Colombo Stock Exchange on Friday (16) as the benchmark index, which reached a five-and-a-half-month high on the previous day, crashed on a slightly higher turnover despite continued foreign entry into the Colombo Bourse.

The benchmark All Share Price Index (ASPI), which started the day at 10,072.38 points, slipped 0.11 per cent (11.29 points) to close at 10,061.09 points.

The S&P SL20 index representing the top 20 traded shares at the Colombo Stock Exchange (CSE), which started at 3,252.23 points, slipped 0.46 per cent (14.92 points) to close at 3,237.32 points.

The daily turnover at the CSE on Friday (16) stood at Rs 5.34 billion, slightly higher than Rs 5.33 billion recorded the previous day.

The Colombo Bourse witnessed a foreign inflow worth Rs 1.75 billion as foreigners purchased shares worth Rs 1.812 billion, as against sales worth Rs 62 million.

More than 135.9 million shares changed hands on during 37,227 trades that took place.

Shares of more than 266 companies were traded during the day, of which 112 emerged as winners ahead of 108 losers.

The top ten losers during the day were: Ceylon Printers, Arpico Insurance, Beruwela Resorts, Nations Trust Bank (non-voting), Sathosa Motors, Pan Asia Banking Corporation, People’s Merchant Finance, Orient Finance, TAL Lanka and Tess Agro.

Top winners were: Lankem Ceylon, Serendib Land, First Capital, York Arcade, Fort Land, First Capital Treasuries, Capital Alliance, Lighthouse Hotels, Lankem Developments and LOLC Development Finance.

By Mario Andree