Shares crash despite foreign entry

Mario Andree | Published: 10:41 AM Nov 20 2020
Business Shares crash despite foreign entry

The Colombo Stock Exchange posed losses for the second consecutive session yesterday (19).

The benchmark index slipped to record a two-week low on a relatively higher turnover yesterday, despite foreigners entering the Bourse after 30 consecutive exits.

The benchmark All Share Price Index (ASPI) slipped 0.77 per cent (47.33 points) to close at 6,060.89 points, its lowest since 5 November this year.

The more liquid S&P SL20 slipped 0.39 per cent (9.38 points) to close at 2,387.88 points.

The daily turnover at the CSE stood at Rs 1.4 billion, lower than the Rs 2.4 billion recorded the previous market day.

More than 92.4 million shares changed hands during 16,681 trades.  Shares of 249 companies were traded.

Foreigners were net buyers for the first time since 08 October this year. Net foreign inflow during the day amounted to Rs 29 million, as foreigners purchased shares worth Rs 87 million as against sales worth Rs 58 million.

 

Mario Andree | Published: 10:41 AM Nov 20 2020

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