Shares continue to Slide
By Mario Andree
The Colombo Stock Exchange started the new week on a negative note as the benchmark index on Monday (19) crashed for the second consecutive market session on a relatively higher turnover with continued foreign exits from the Bourse.
The benchmark All Share Price Index (ASPI), which started the day at 7,600.57 points, crashed to 7,548.38 points during the early-hours of the day, before recovering to close the day at 7,553.50 points, losing 47.07 points (0.62 per cent) from the previous days close.
The more liquid S&P SL20, which started the day at 3,079.86 points, crashed to 3,039.63 points during the latter-hours of the day, before recovering to 3,042.15 points, losing 29.35 points (0.96 per cent) over the previous day.
The day’s turnover neared Rs 2.98 billion, lower than the Rs 3.5 billion recorded during the Market’s previous day’s trading.
Shares of 235 listed companies were traded during the day of which 112 emerged as losers ahead of 47 winners.
More than 126.7 million shares changed hands during the 20,117 trades that took place.
Foreigners exited the CSE on Monday (19) for the fourteenth consecutive session. The net foreign outflow during the day amounted to Rs 189 million as foreigners sold shares worth Rs 319 million as against purchases worth Rs 130 million.
The top gainers at the Colombo Stock Exchange during the day were: York Arcade, Lanka Aluminum, Unisyst, Swisstek, Bogala Graphite, Lotus Hydro, Dialog Finance, ACME, TAL Lanka and CW Mackie.
The top losers were: Industrial Asphalt, Nation Lanka Finance, Equity Two, Gestetner, Dolphin Hotels, Mercantile Shipping, Lankem Ceylon, Mackwoods Energy, Renuka Foods (non-voting) and DIMO.