ASPI hits 6-month high
By Mario Andree
The Colombo Stock Exchange closed the week on a positive note as the bullish run continued for the fourth consecutive session on Friday (11) to take the benchmark index to more than a six-month high on a high turnover despite continued foreign exits.
The benchmark All Share Price Index (ASPI) gained 0.73 per cent (39.37 points) to close at 5,438.91 points, its highest since 5 March, while, the more liquid S&P SL20, representing the top 20 shares, gained 0.70 per cent (16.39 points) to close at 2,359.24 points.
The daily turnover at the Colombo Stock Exchange stood at Rs 1.64 billion on Friday (11), lower than the Rs 2.67 billion recorded during the previous market day.
More than 93.7 million shares changed hands on Friday (11) during 15,839 trades. Shares of 249 companies were traded, of which 103 emerged as winners as against 57 losers.
Foreigners were net sellers on Friday (11) for the 41st consecutive session. Net foreign outflow during the day amounted to Rs 191 million, as foreigners sold shares worth Rs 385 million as against purchases worth Rs 194 million.
Top five gainers during the day were SMB Leasing (non-voting), Amana Takaful, Amana Bank, Blue Diamonds, and RIL Properties. Top five losers were Nations Lanka, EB Creasy, People’s Merchant, Renuka Holdings, and on’Ally.