Shares recover from previous day’s fall
By Mario Andree
Despite opening the week on a negative note, the Colombo Stock Exchange recovered on Tuesday (11), as the benchmark index rose on a relatively lower turnover, despite continued foreign exits from the Colombo Bourse.
The benchmark All Share Price Index (ASPI), which started the day at 7,135.80 points,crashed to 7,130.40 points during the opening hours but peaked to 7,181.32 points during mid-day. The index settled at 7,143.38 points when trading was closed for the day, gaining 7.58 points (0.11 per cent) compared to the previous day’s close.
The more liquid S&P SL20 index, which started the day at 2,838.19 points, peaked to2,855.93 points during mid-day, but settled at 2,843.40 points, gaining 5.21 points (0.18 per cent) compared to the previous day.
The day’s turnover neared Rs 1.16 billion, much lower than the Rs 2.47 billion recorded during the Market’s previous day’s trading. Shares of 241 listed companies were traded during the day, of which 94 were winners, ahead of 63 losers. More than 84.25 million shares changed hands during the 11,376 trades that took place.
Foreigners exited the CSE on Tuesday (11) for the tenth consecutive session. The net foreign outflow during the day amounted to Rs 204 million, as foreigners sold shares worth Rs 239 million as against purchases worth Rs 35 million.
The top ten winners during the day were: Anilana Hotels, Maskeliya Plantations, Lankem Development, Madulsima Plantations, Hayleys Fabric, Durdans, CT Land, Ramboda Falls, Asiri Surgical, and ACL Plastics. Top ten losers were: SMB Leasing (nonvoting), Convenience Food, Radiant Gems, Nation Lanka, Lighthouse Hotels, Equity Two, Cargo Boat, Ceylon Tea Brokers, HVA Foods, and Lion Brewery.