Tuesday Markets: Shares lose for the second day

BY MARIO ANDREE | Published: 2:10 AM Jul 28 2021

BY MARIO ANDREE

The Colombo Stock Exchange extended losses for the second consecutive day on Tuesday (27), as the benchmark index crashed on a relatively modest turnover, with continued foreign exits from the Colombo Bourse.

The benchmark All Share Price Index (ASPI), which started the day at 8,122.73 points, crashed to 8,116.19 points during the start of the day before peaking to 8,146.73 points, which latter once again dropped to 8,082.88 points before slightly gaining to settle at 8,092.98 points, losing 29.75 points (0.37 per cent) compared to the previous day’s close. 

Bogala Graphite, Harischandra Mills, Vallibel One, Softlogic Holdings and LOLC Development Finance tried to push the index upward, but Expolanka Holdings, Commercial Leasing and Finance, Browns Investments, John Keells Holdings and Carson Cumberbatch dragged the ASPI down. 

The more liquid S&P SL20, which started the day at 3,060.01 points, gained to 3,062.98 points during the start, before crashing to 3,049.74 points. The index then peaked to 3,068.80 points, before once again crashing to 3,035.16 points, before closing the day at 3,048.22 points, losing 11.79 points (0.39 per cent) compared to the previous day’s close. 

The day’s turnover neared Rs 2.31 billion, higher than the Rs 4.6 billion recorded during the Market’s previous day’s trading. Shares of 265 listed companies were traded during the day. 

More than 146.6 million shares changed hands during the 22,612 trades that took place. Foreigners continued to exit the CSE. The net foreign outflows (NFOs) during the day amounted to Rs 83 million, as foreigners sold shares worth Rs 142 million, as against purchases worth Rs 59 million. 

The top ten winners during the day were: Bogala Graphite, Nation Lanka Finance, Malwatte Plantations (non-voting), On’Ally Holdings, Harischandra Mills, Asia Siyaka Commodities, Renuka Hotels, Malwatte Plantations, RIL Properties and Samson International. 

The top ten losers were: Blue Diamonds (non-voting), Beruwala Resorts, Ramboda Falls, AHOT Properties, Colombo City Holdings, Commercial Leasing and Finance, Colombo Fort Investment, Convenience Foods, Orient Finance and Hotels Corporation.

BY MARIO ANDREE | Published: 2:10 AM Jul 28 2021

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