ASPI Hits a New Record High
By Mario Andree
Continuing its bullish run for the fourth consecutive day on Thursday (21), the Colombo Stock Exchange saw its benchmark index peak to an all-time high on a higher turnover with some foreign entry into the Colombo Bourse. The benchmark All Share Price Index (ASPI), which started the day at 9,709.14 points, rose to 9,917.85 points during the early hours of the day before crashing to 9,851.38 points. The index later rose to close at 9,881.50 points, gaining 172.36 points (1.78 per cent) compared to the previous day’s close.
Commercial Leasing and Finance, LOLC Holdings, ExpoLanka Holdings, Browns Investment and LOLC Development Finance pushed the benchmark index up, while John Keells Holdings, Dialog Axiata, Melstacorp, Hayleys and Nestle Lanka attempted to drag it down The more liquid S&P SL20 index which started the day at 3,553.45 points, peaked to 3,581.40 points during the early hours before crashing to 3567.21 points.
The index then rose to close the day at 3,572.70 points, gaining 19.25 points (0.54 per cent) compared to the previous day’s close. The day’s turnover stood at Rs 4.26 billion, higher than Rs 2.7 billion recorded on the previous day. More than 154.4 million shares changed hands during 36,143 trades taken place. Shares of 247 companies were traded during the day, of which 104 emerged as losers ahead of 82 winners.
Foreigners were net buyers during the day. The net foreign inflow on Thursday (21) stood at Rs 28 million as foreigners purchased shares worth Rs 84 million as against sales worth Rs 43 million. The top ten gainers during the day were: Tess Agro (non-voting), Commercial Leasing and Finance, Sinhaputhra Finance (P), PGP Glass, Sinhaputhra Finance, Lankem Ceylon, Elpitiya Plantaions, Balangoda Plantations, Ramboda Falls and Beruwela Resorts.
The top ten losers were: Nation Lanka Finance, Union Chemicals, Samson International, Amana Life, Tangerine Beach Hotels, Bogawantalawa Plantations, Mahaweli Reach Hotels, Renuka Holdings, Galadari and Laugfs Gas (non-voting).