Five market players contribute 86 points to ASPI, bull run continues

By Hiran H.Senewiratne

Trading at the Colombo Stock Exchange (CSE) yesterday was dominated by LOLC group companies and the market’s bull run continued as both indices gained on top of above average level in turnover. 

The All Share Price Index (ASPI) gained by over 167.07 points  and the S&P SL20 Index was up over 44.47. Five companies contributed 86 points to the All Share Price Index, market analysts said.

The companies mainly contributed to ASPI were: Expolanka Holdings 24.1 points, CLC 20.4 percent, LOLC 18.2 points, LOLC Finance 13.2 percent and JKH 11 points. The index witnessed continuous uptrend since the beginning of the session and reached its intraday high of 7,449.31   it added.

Amid that development market turnover stood at 9.061 points with four crossings. Those crossings were reported in  Expolanka, which crossed  2.7 million shares to the tune of Rs 121.6 million and its share price traded at Rs 46, Hemas Holdings 600,000 shares crossed for Rs 57 million and its share price stood at Rs 95, Distilleries two million shares crossed for Rs 46.25  million and its share price stood at Rs 23 and Watawala Plantation 500,000 shares crossed for Rs 29 million and its share price traded at Rs 58.

In the retail market top seven contributing companies to the turnover were Expolanka Rs 1.4 billion (31.2 million shares traded), Browns Investments Rs 1.23 billion (163 million shares traded), LOLC Holdings  Rs 675 million (3.6 million shares traded), Vallibel One  Rs 369 million (10.2 million shares traded). CIC (Non Voting) Rs 348 million (5.9 million shares traded), Piramal Glass Rs 313 million  (30 million shares traded) and CIC (Voting) Rs 305 million (4.2 million shares traded). During the day 401 million share volume changed hands in 51853 transactions.