Thursday Markets: Shares continue to recover

BY MARIO ANDREE | Published: 2:10 AM Jul 30 2021

BY MARIO ANDREE

Shares continued to recover on Thursday (29), as the benchmark index posted gains for the second consecutive day, to record a near six-month high on a relatively modest turnover, despite continued foreign exits from the Colombo Bourse. The benchmark All Share Price Index (ASPI), which started the day at 8,096.98 points, peaked to 8,139.57 points during the start of the day before slowing down to 8,102.46 points. 

The index continued to show much fluctuation during the day and peaked to 8,145.58 points during the latter part of the day before settling at 8,140.76 points to close the day, gaining 43.78 points (0.54 per cent) compared to the previous day’s close. Distilleries Company, LOLC Holdings, Aitken Spence, Melstacorp and John Keells Holdings pushed the ASPI up, while LOLC Development Finance, Harischandra Mills, Ceylon Cold Stores, Cargills Ceylon and Dialog Finance dragged the index. 

The more liquid S&P SL20, which started the day at 3,050.99 points, peaked 3,081.85 points during the early hours of the day before slowing down to 3,068.33 points, posting moderate fluctuations during the day, the index settled at 3,071.54 points, gaining 20.55 points (0.67 per cent) compared to the previous day’s close. The day’s turnover neared Rs 2.49 billion, higher than the Rs 1.8 billion recorded during the Market’s previous day’s trading. 

Shares of 266 listed companies were traded during the day of which 124 were winners ahead of 65 losers. More than 142.3 million shares changed hands during the 27,431 trades that took place. Foreigners continued to exit the CSE. The net foreign outflows (NFOs) during the day amounted to Rs 141 million, as foreigners sold shares worth Rs 213 million, as against purchases worth Rs 72 million. 

The top ten winners during the day were: Radiant Gems International, Printcare, e-Channeling, Ambeon Capital, Lankem Development, Mercantile Shipping Company, Millennium Housing Developers, Asia Siyaka Commodities, Renuka Capital and Galadari Hotels. The top ten losers were: SMB Leasing (nonvoting), Harischandra Mills, Industrial Asphalt, Beruwela Resorts, Associated Motor Finance Company, Sinhaputhra Finance (P), on’Ally, Multi Finance, Dialog Finance and Singhe Hospitals

BY MARIO ANDREE | Published: 2:10 AM Jul 30 2021

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