Shares hit 26-week high

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By 2017-04-21

By Mario Andree


The Colombo Stock Exchange continued to gain for the third consecutive day on Thursday (20) as the benchmark All Share Price Index reached a new 26-week high, despite the steep crash on Monday (17).


The All Share Price Index gained 0.91 per cent (58.48 points) to close at 6,505.28 points, the highest since 12 October last year, while the S&P SL20 representing the top 20 corporates listed gained a significant 0.89 per cent (32.68 points) to close 3,704.24 points.
The Day's turnover amounted to Rs 1.44 billion, below Wednesday's (19) turnover, though higher than the annual average, with 127 winners comfortably ahead of 58 losers.


The Colombo Stock Exchange saw a net foreign inflow of Rs 598 million for the 20 consecutive sessions, as foreign purchases amounted to Rs 850 million as against sales of Rs 152 million.

Nearly 48.4 million shares changed hands on Tuesday during 7,891 trades taken place.


The share price of Nestle Lanka gained nearly 3.76 per cent (Rs 79.80) to close at Rs 2199.50 as 204,823 shares changed hands during 52 trades, Dialog 3.45 per cent (40 cents) to close at Rs 12 as 5,886,296 shares changed hands during 111 trades, while the share price of Lanka Orix Leasing Company gained 6.64 per cent (Rs 5.10) to close at Rs 81.90 as 285,723 shares changed hands during 125 trades.


However, the share price of Sampath Bank shed 1.07 per cent (Rs 2.90) to close at Rs 267 as 14,949 shares changed hands during 32 trades, Bukit Darah shed 1.85 per cent (Rs 5) to close at Rs 265 as 343 shares changed hands during eight trades, while the share price of Melstarcorp shed 0.61 per cent (40 cents) to close at Rs 65 as 16,011 shares changed hands during nine trades.
The rupee on Thursday (20) traded firm at 153.35/45 against the dollar due to higher foreign investments in equity.

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