ASPI hits new high
By Mario Andree
Despite of a minor setback during the week, the Colombo Stock Exchange posted gains for the second consecutive session on Friday (26) with the benchmark index rising to a new alltime high on a higher turnover, despite continued foreign exits from the Bourse.
The benchmark All Share Price Index (ASPI), which started the day at 11,025.73 points, gained 171.95 points (1.56 per cent) to close at 11,197.68 points, a new all-time high. Expolanka Holdings, LOLC Finance, LOLC Holdings, Browns Investment and Commercial Leasing and Finance pushed the ASPI up, despite attempts from John Keells Holdings, Bogala Graphite, LOLC Development Finance, CT Holdings and LION Brewery to drag it down.
The S&P SL20 index, which represents the top 20 companies, listed, which started the day at 3,767.41 points, gained 55.20 points (1.47 per cent) to close at 3,822.61 points. The day’s turnover reached Rs 9.1 billion, higher than Rs 9.9 billion recorded the previous market day. More than 335 million shares changed hands during 59,064 trades that took place. Shares of 254 companies were traded during the day, of which 106 emerged as winners ahead of 93 losers.
Foreigners were net sellers for the eleventh consecutive session during the day. The net foreign outflow on Friday (26) stood at Rs 278 million as foreigners sold shares worth Rs 392 million as against purchases worth Rs 114 million.
Top ten gainers during the day were: EML Consultants, Lankem Ceylon, Chrissworld, Unisyst, Swisstek, Hunas Falls Hotels, Fort Land, Lanka Tiles, Lanka Walltile, Keleni Cables.
The top ten losers were: Tess Agro (nonvoting), Nation Lanka Finance, Hapugastenne Plantations, Bogala Graphite, Samson International, Malwatte Plantations (nonvoting), Property Development Limited, DIMO, Nations Trust Bank, Horana Plantations.