Shares crash as Election takes place
By Mario Andree
The Colombo Stock Exchange posted losses on Wednesday (05) as the benchmark index slipped on the short market day with a modest turnover and continued foreign exits as the country prepares to welcome a new Government.
Trading at the Colombo Stock Exchange, which commenced at 11 a.m. on Wednesday (05), concluded at 12:30 p.m. due to Parliamentary Election being held.
The benchmark All Share Price Index (ASPI) slipped 0.39 per cent (20.37 points) to close at 5,146.44 points, while the more liquid S&P SL20 representing the top 20 shares slipped 0.24 per cent (5.41 points) to close at 2,209.67 points.
The daily turnover at the Colombo Stock Exchange stood at Rs 603 million on Wednesday (05), much lower than Rs 1.2 billion recorded during the previous market day.
Nearly 30.44 million shares changed hands on Wednesday (05) during 7,094 trades taking place.
Shares of 222 companies were actively traded.
Foreigners were net sellers on Wednesday (05) for the fifteenth consecutive sessions. Net foreign outflow during the day amounted to Rs 164 million as foreigners sold shares worth Rs 172 million as against purchases worth Rs 8 million.