Bullish run takes ASPI to a new 3 ½-month high
By Mario Andree
The bullish run at the Colombo Stock Exchange continued for the seventh consecutive market session on Wednesday (24) as the benchmark index rose to record a new three-and-a-half-month high on a high turnover despite continued foreign exits.
The benchmark All Share Price Index (ASPI) gained 0.57 per cent (28.87 points) to close at 5,111.94 points, its highest since 11 March, while the more liquid S&P SL 20 representing the top 20 shares gained 0.79 per cent (17.88 points) to close at 2,275.45 points.
The daily turnover at the Colombo Stock Exchange stood at Rs 1.78 billion on Wednesday (24), higher than Rs 1.6 billion recorded during the previous market day.
Nearly 49.5 million shares changed hands on Wednesday (24) during 12,114 trades taking place.
Shares of 249 companies were actively traded, of which 88 emerged as winners ahead of 67 losers.
Foreigners were net sellers for the sixteenth consecutive session on Wednesday (24). Net foreign outflow during the day amounted to Rs 658 million as foreigners sold shares worth Rs 721 million as against purchases worth Rs 63 million.
The top gainers during the day were Blue Diamonds (non-voting), Tess Agro, Nation Lanka, Chemanex, Millennium Housing, Serendib Engineering, CIC, Lanka Ceramic, LVL Energy and Alliance Finance.
Top losers during the day were Blue Diamonds, Royal Palms, Serendib Hotels, Mahaweli Reach, LOLC Finance, Palm Garden Hotel, Asia Assets, East West, HNB Assurance and Bimputha Finance.