Thursday Markets: Bullish run continues for 6th day
By Mario Andree
The bullish run, at the Colombo Stock Exchange, continued for the sixth consecutive session on Thursday (8) as the benchmark index posted gains to record a new five-and-a-half-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 7,310.26 points gained 102.20 points (1.40 per cent) to close at 7,412.46 points, its highest since 1 March this year, while the more liquid S&P SL20, which started the day at 2,954.94 points gained 47.77 points (1.62 per cent) to close at 3,002.71 points.
The day’s turnover neared Rs 3.9 billion, lower than the Rs 5.16 billion recorded during the Market’s previous day’s trading.
Shares of 244 listed companies were traded during the day of which 118 emerged as winners ahead of 49 losers.
More than 150.56 million shares changed hands during the 21,825 trades that took place.
Foreigners exited the CSE on Thursday (8) for the ninth consecutive session. The net foreign outflow during the day amounted to Rs 315 million as foreigners sold shares worth Rs 350 million as against purchases worth Rs 35 million. The top gainers at the Colombo Stock Exchange during the day were: TAL Lanka, Beruwala Resorts, Grain Elevators, Commercial Leasing and Finance, Ambeon Holdings, Browns and Company, Tokyo Cement (non-voting), Sinhaputhra Finance, Namunukula Plantations and LOLC Holdings.
The top losers were: Blue Diamonds (non-voting), York Arcade, Autodrome, CW Mackie, Anilana Hotels, Udapussellawa Plantations, Pegasus Hotels, Madulsima Plantations, Bogala Graphite and Renuka Agri.