Shares gain despite foreign exits
By Mario Andree
The Colombo Stock Exchange closed the week on Friday (24) on a bullish note, as the benchmark index gained for the second consecutive session to a two-week high on a modest turnover despite continued foreign exits from the Bourse.
The benchmark All Share Price Index (ASPI) gained 0.48 per cent (24.42 points) to close at 5,065.30 points, its highest since 9 July, while the more liquid S&P SL20 representing the top 20 shares gained 0.10 per cent (2.26 points) to close at 2,161.89 points. The daily turnover at the Colombo Stock Exchange stood at Rs 871.9 million on Friday (24), higher than Rs 631 million recorded during the previous market day. Nearly 62 million shares changed hands on Friday (24) during 13,638 trades taking place. Shares of 243 companies were actively traded, of which 126 emerged as winners, comfortably ahead of 34 losers. Foreigners were net sellers on Friday (24) for the ninth consecutive session. Net foreign outflow during the day amounted to Rs 78 million, as foreigners sold shares worth Rs 108 million as against purchases worth Rs 31 million.
Top gainers during the day were Blue Diamonds (non-voting), SMB Leasing (non-voting), Amana Life, Fort Land, Kelani Cables, Autodrome, Singhe Hospitals, Softlogic Finance, Renuka Capital and CM Holdings. Top losers during the day were Blue Diamonds, Tess Agro (non-voting), Equity Two, Jetwing Symphony, Kahawatte, East West, Pegasus Hotels, Cold Stores, Melstacorp and Asia Assets.