Friday Markets: Bullish run continues
By Mario Andree
The bullish run, at the Colombo Stock Exchange, continued for the seventh consecutive session on Friday (9) as the benchmark index posted gains to record a new six-and-a-half-week high on a higher turnover despite continued foreign exits from the Bourse.
The benchmark All Share Price Index (ASPI), which started the day at 7,412.46 points, peaked to 7,526.92 points during the mid-hours of the day. However, the index closed at 7,458.27 points gaining only 45.81 points (0.62 per cent).
The more liquid S&P SL20, which started the day at 3,002.71 points, peaked to 3,042.69 points during the mid-hours of the day. However, the index closed at 3,020.57 points gaining only 17.86 points (0.59 per cent). The day’s turnover neared Rs 3.6 billion, lower than the Rs 3.9 billion recorded during the Market’s previous day’s trading.
Shares of 257 listed companies were traded during the day of which 107 emerged as winners ahead of 77 losers.
More than 169 million shares changed hands during the 25,644 trades that took place. Foreigners exited the CSE on Friday (9) for the tenth consecutive session. The net foreign outflow during the day amounted to Rs 527 million as foreigners sold shares worth Rs 562 million as against purchases worth Rs 35 million.
The top gainers at the Colombo Stock Exchange during the day were: Raigam Salterns, Colombo Investment Trust, Malwatte Plantations (non-voting), on’ally Holdings, Samson International, Madulsima Plantations, Lighthouse Hotel, York Arcade, LB Finance and Hotel Sigiriya.
The top losers were: Nation Lanka Finance, Associated Motor Finance Company, Beruwala Resorts, CT Land, Softlogic Capital, Malwatte Plantations, TAL Lanka, Abans Financial, Agalawatte Plantations and Marawila Resorts.