Shares hit 4-month high
By Mario Andree
Despite opening the new week on a negative note, the Colombo Stock Exchange posted gains for the third consecutive session on Thursday (17), as the benchmark index rose on a higher turnover to record a 4-month high with foreigners entering the Bourse after five days of exits. The benchmark All Share Price Index (ASPI), which started the day at 7,641.19 points, peaked to 7,678.96 points during the early hours of the day before settling at 7,659.00 points, gaining 17.81 points (0.23 per cent) compared to the previous day’s close.
The more liquid S&P SL20, which started the day 3,072.67 points, peaked to 3,088.65 points during the early hours of the day before settling at 3,079.59 points, gaining 6.92 points (0.23 per cent) compared to the previous day’s close. The day’s turnover neared Rs 3.9 billion, higher than the Rs 2.7 billion recorded during the Market’s previous day’s trading.
Shares of 251 listed companies were traded during the day of which 88 were losers comfortably ahead of 78 winners. More than 165.9 million shares changed hands during the 20,888 trades that took place. Foreigners entered the CSE on Thursday (17), breaking the five-day exit streak.
The net foreign inflow during the day amounted to Rs 632 million as foreigners purchased shares worth Rs 684 million as against sales worth Rs 52 million. The top ten winners during the day were: Vidullanka (non-voting), SMB Leasing, LOLC Development Finance, Colombo City Holdings, Serendib Engineering Group, Citrus Hikkaduwa, Associated Motor Finance, Bogala Graphite, Lee Hedges and Marawila Resorts.
Top ten losers were: Mullers and Phipps, Nation Lanka Finance, Beruwela Resorts, Anilana Hotels, on’Ally, Sinhaputhra Finance (P), Lanka IOC, Bimputh Finance, Singhe Hospitals and Cargo Boat.