Thursday Markets: ASPI hits 8-week high
By Mario Andree
The bullish run, at the Colombo Stock Exchange, continued for the eight consecutive sessions on Thursday (15) as the benchmark index posted gains to record a eight-week high on a higher turnover despite continued foreign exits from the Bourse.
The benchmark All Share Price Index (ASPI), which started the day at 7,558.28 points, peaked to 7,663.91 points during the later-hours of the day. However, the index closed at 7,644.38 points gaining only 86.10 points (1.14 per cent).
The more liquid S&P SL20, which started the day at 3,064.65 points, peaked to 3,090.05 points during the early-hours of the day. However, the index closed at 3,079.86 points gaining only 15.21 points (0.50 per cent).
The day’s turnover neared Rs 4.7 billion, higher than the Rs 3.5 billion recorded during the Market’s previous day’s trading.
Shares of 251 listed companies were traded during the day of which 111 emerged as winners ahead of 78 losers.
More than 197.3 million shares changed hands during the 30,739 trades that took place.
Foreigners exited the CSE on Thursday (15) for the twelfth consecutive session. The net foreign outflow during the day amounted to Rs 263 million as foreigners sold shares worth Rs 445 million as against purchases worth Rs 182 million.
The top gainers at the Colombo Stock Exchange during the day were: Durdans (non-voting), Mackwoods Energy, Nation Lanka Finance, Citrus Leisure, Amana Takaful, Kandy Hotels, Royal Palms Beach Hotels, LOLC Holdings, Browns and Company and LOLC Development Finance.
The top losers were: Blue Diamonds, Beruwela Resorts, Fortress Resorts, Laxapana, Bansei Resorts, Singer Industries, LION Brewery, Dialog Finance, Eastern Merchant and Raigam Salterns.