Bearish run ends at CSE

By Mario Andree | Published: 2:00 AM Oct 15 2021

By Mario Andree

The three-day bearish run ended at the Colombo Stock Exchange on Thursday (14) as the benchmark index slightly recovered from it loses on a modest turnover despite continued foreign exits from the Colombo Bourse. The benchmark All Share Price Index (ASPI), which started the day at 9,497.49 points, rose 124.16 points (1.31 per cent) to close at 9,621.65 points. Commercial Leasing and Finance, Expolanka Holdings, LOLC Holdings, Browns Investment and Dialog Axiata pushed the ASPI up, while Ceylon Tobacco Company, Overaseas Reality, HNB Finance, Janashakthi Insurance and TAJ dragged the index. The more liquid S&P SL20 index which started the day at 3,506.91 points, rose 40.62 points (1.16 per cent) to close at 3,547.53 points. 

The day’s turnover reached Rs 2.64 billion, lower than Rs 3.38 billion recorded the previous day. More than 105.38 million shares changed hands during 19,787 trades taken place. Shares of 252 companies were traded during the day, of which 140 emerged as winners comfortably ahead of 42 losers. Foreigners were net sellers during the day. The net foreign outflow in Thursday (14) stood at Rs 6 million as foreigners sold shares worth Rs 27 million as against purchases worth Rs 21 million. The top ten gainers during the day were: Malwatte Plantations (non-voting), Eastern Merchant, Hunnas Falls Hotels, Balangoda Plantations, Amana Life, Bogawantalawa Plantations, Udapussellawa Plantations, Hatton Plantations, Agalawatte Plantations and Madulsima Plantations. The top losers were: Tess Agro, Nation Lanka Finance, Cargo Boat, on’Ally, TAL Lanka, Janashakthi Insurance, Hotels Corporation, Renuka Foods (non-voting), Alliance Finance Company, Agstar.

By Mario Andree | Published: 2:00 AM Oct 15 2021

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