Foreigners flee for 44th day
By Mario Andree
The bullish run at the Colombo Stock Exchange (CSE) continued for the seventh consecutive session as the benchmark index rose on Wednesday (16) to reach a six-and-a-half-month high on a high turnover with continued foreign exits from the Market.
The benchmark All Share Price Index (ASPI) gained 0.93 per cent (51.71 points) to close at 5, 585.40 points, its highest since 3 March, while, the more liquid S&P SL20, representing the top 20 shares, gained 0.71 per cent (17.03 points) to close at 2,406.36 points.
The daily turnover at the CSE stood at Rs 3.5 billion on Wednesday (16), higher than the Rs 3.2 billion recorded during the previous market day.
More than 185 million shares changed hands on Wednesday (16) during 28,291 trades.
Shares of 255 companies were traded, of which 132 emerged as winners as against 50 losers.
Foreigners were net sellers on Wednesday (16) for the 44th consecutive session. Net foreign outflow during the day amounted to Rs 336 million, as foreigners sold shares worth Rs 495 million as against purchases worth Rs 159 million.
Top five gainers during the day were Blue Diamonds (non-voting), Colombo Investment Trust, Mackwoods Energy, Blue Diamonds and LVL Energy.
Top five losers were Tess Agro, Laugfs Gas (non-voting), Lankem Ceylon, Richard Pieris and Unisysts.