Shares near 1-month high
The Colombo Stock Exchange started the new week on a positive footing after a threeday lockdown, as the bullish run continued for the fourth consecutive session on Monday (17) with the benchmark index gaining to a near one-month high on a relatively higher turnover despite continued foreign exits. The benchmark All Share Price Index (ASPI), which started the day at 7,228.23 points gained 121.91 points (1.69 per cent) to close at 7,350.14 points, its highest since 22 April. The more liquid S&P SL20 index, which started the day at 2,869.52 points gained 71.55 points (2.49 per cent) to close at 2,941.07 points.
The day’s turnover neared Rs 2.73 billion, much lower than the Rs 1.28 billion recorded during the Market’s previous day’s trading. Shares of 260 listed companies were traded during the day of which 134 were winners comfortably ahead of 45 losers. More than 147.8 million shares changed hands during the 22,215 trades that took place. Foreigners exited the CSE on Monday (17) for the thirteenth consecutive session. The net foreign outflow during the day amounted to Rs 30 million as foreigners sold shares worth Rs 108 million as against purchases worth Rs 78 million. The top ten winners during the day were: Blue Diamonds (non-voting), York Arcade, Nation Lanka Finance, Hapugastenne Plantations. Top ten losers were: Malwatte Plantations, Balangoda Plantaions, Browns Beach Hotels, Nestle, Hotel Sigiriya, Radiant Gems.