ECONOMYNEXT – The Colombo Stock Exchange closed up on Tuesday, data on its site showed.
The broader ASPI closed up 0.88 percent, or 113.67 points, at 12,988; while the more liquid S&P SL20 Index closed up 0.85 percent, or 32.73 points, at 3,887.
The ASPI crossed the 13,000 mark just before market close, before settling. “This was a historical milestone,” Softlogic Stockbrokers said.
Turnover was 4.2 billion.
“There was lots of interest in non-banking financial institutions, diversified financials, because the impending lifting of the vehicle import ban will give more traction to these.”
Top contributors to the ASPI were John Keells Holdings (up at 21.40), Richard Pieris and Co (up at 24.10), C T Holdings (up at 300.50), Bukit Darah (498.00), and DFCC Bank (up at 83.10).
“Most of the corporate earnings that are our so far have been on the positive side, JKH, Tokyo (up at 56.90), Dialog Axiata (down at 10.80), so this is a market confidence booster.”
“The general belief is there will be political stability with the government possibly getting a majority in the general election.”
“There’s still not much foreign appetite; that might come after the ratings revision.”
There was a net foreign inflow of 25 million rupees. (Colombo/Nov12/2024)