Shares crash

By Mario Andree | Published: 2:00 AM Dec 3 2021

By Mario Andree

The Colombo Stock Exchange extended losses for the second consecutive day on Thursday (2) as the benchmark index slipped on a relatively higher turnover with continued foreign exits from the Bourse.

The benchmark All Share Price Index (ASPI), which started the day at 11,409.88 points, lost 157.58 points (1.38 per cent) to close at 11,252.30 points. 

Commercial Leasing and Finance, LOLC Development Finance, LOLC Finance, LOLC Holdings and Expolanka Holdings dragged the ASPI down, despite attempts by Browns Investment, Vallibel One, Commercial Credit and Finance, Hemas Holdings and Lanka Hospital Corporation’s attempts to pull it up.

However, the S&P SL20 index, which represents the top 20 companies, listed, which started the day at 3,905.65 points, gained 10.68 points (0.27 per cent) to close at 3,916.33 points.

The day’s turnover reached Rs 6.48 billion, lower than Rs 11 billion recorded the previous market day.

More than 252.37 million shares changed hands during 49,483 trades that took place.

Shares of 255 companies were traded during the day, of which 107 emerged as losers ahead of 85 winners.

Foreigners were net buyers during the day. The net foreign inflow on Thursday stood at Rs 151 million as foreigners purchased shares worth Rs 175 million as against sales worth Rs 24 million.

Top ten losers during the day were: Commercial Leasing and Finance, DIMO, CM Holdings, Harischandra Flour Mills, Hunas Falls Hotels, Lankem Ceylon, Resus Energy, Keleni alley Plantations, ODEL and Eden Hotel Lanka.

The top ten gainers were: e-channeling, Commercial Credit, Lanka Hospitals, Associated Motor Finance, Nawaloka Hospitals, Serendib Engineering Group, Singer Finance, Lighthouse Hotel, Beruwela Resorts and Softlogic Life.

By Mario Andree | Published: 2:00 AM Dec 3 2021

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