Bullish run ends at CSE: ASPI crashes for first time this month
By Mario Andree
The eight day bullish run at the Colombo Stock Exchange ended on Friday (16) as the benchmark index posted losses for the first time this month on a higher turnover with continued foreign exits from the Bourse.
The benchmark All Share Price Index (ASPI), which started the day at 7,644.38 points, crashed to 7,509.59 points during the early-hours of the day, before recovering to close the day at 7,600.57 points, losing 43.81 points (0.57 per cent) from the previous days close.
The more liquid S&P SL20, which started the day at 3,079.86 points, crashed to 3,038.07 points during the early-hours of the day, before recovering to 3,071.50 points, losing 8.36 points (0.27 per cent) over the previous day.
The day’s turnover neared Rs 3.5 billion, lower than the Rs 4.7 billion recorded during the Market’s previous day’s trading.
Shares of 258 listed companies were traded during the day of which 107 emerged as losers ahead of 63 winners.
More than 142.8 million shares changed hands during the 25,682 trades that took place.
Foreigners exited the CSE on Friday (16) for the thirteenth consecutive session. The net foreign outflow during the day amounted to Rs 108 million as foreigners sold shares worth Rs 127 million as against purchases worth Rs 19 million.
The top gainers at the Colombo Stock Exchange during the day were: Industrial Asphalt, Blue Diamonds, Dolphin Hotels, Singer Industries, Marawila Resorts, Bairaha Farms, Renuka Foods (non-voting), Merchant Bank, Lankem Ceylon and Browns Beach.
The top losers were: Keells Food Products, Lanka Realty, York Arcade, Madulsima Plantations, Lotus Hydro, e-Channeling, TAL Lanka, Renuka Agri Foods, HDFC Bank and on’Ally Holdings.