Monday Markets : ASPI hits new 6-month high
By Mario Andree
Despite closing last week on a negative footing, the Colombo Stock Exchange started the new month on a high note as the benchmark index on Monday (2) gained on a higher turnover despite continued foreign exits from the Colombo Bourse, to record a new six-month high
The benchmark All Share Price Index (ASPI), which started the day at 8,120.48 points, gained to 8,141.83 points during the start but crashed to 8,114.23 points during mid-day before once again gaining to peak at 8,168.60 points. The index settled at 8,148.02 points, gaining 27.654 points (0.34 per cent) compared to the previous day’s close. This is the highest the index has reached since 5 February 2021.
Expolanka Holdings, Browns Investment, LOLC Holdings, Commercial Leasing and Finance with Vallibel One pushed the ASPI up, while John Keells Holdings, Carson Cumberbatch, Sri Lanka Telecom, Bogala Graphite Lanka and Distilleries Company dragged the index.
The more liquid S&P SL20, which started the day at 3,071.54 points, gained to 3,075.01 points during the start but later crashed to 3,061.77 points before gaining again to peak at 3,081.55 points. The index settled at 3,072.38 points, gaining 10.21 points (0.33 per cent) compared to the previous day’s close.
The daily turnover reached Rs 4.09 billion during the day, higher that Rs 2.54 billion recorded during the previous day.
Shares of 262 listed companies were traded during the day of which, 121 were losers comfortably ahead of 57 winners.
More than 311.26 million shares changed hands during the 29,998 trades that took place.
Foreigners continued to exit the CSE. The net foreign outflows (NFOs) during the day amounted to Rs 254 million, as foreigners sold shares worth Rs 353 million, as against purchases worth Rs 99 million.
The top ten winners during the day were: Industrial Asphalt, Nation Lanka Finance, Durdans (non-voting), Beruwela Resorts, Expolanka Holdings, Bansei Resorts, Browns Investment, Lanka Tiles, Pegasus Hotel and Royal Palms Beach Hotels.
The top ten losers were: SMB Leasing (non-voting), Bogala Graphite Lanka, HVA Foods, e-Channeling, Mullers and Phipps, Balangoda Plantations, Madulsima Plantations, Citizens Development Business (non-voting), Printcare and Agstar.