CSE recovers from early slide to close week flat

THE Colombo stock market fell sharply in early trading yesterday before gaining ground to close the week flat.

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The ASPI closed a marginal 0.01% lower, down 1.71 points to 23,459.75 and the S&P SL20 lost 22.22 points to close 0.34% lower at 6,435.93.

Market turnover was over Rs. 5.6 billion on over 218.7 million traded. Foreigners were net sellers with a net outflow of over Rs. 5.9 million.

NDB Securities said during the week, the ASPI and the S&P SL20 gained 0.5% and 0.9% respectively, whilst recording an average daily turnover of Rs. 7 billion.

High net worth and institutional investor participation was noted in Hemas Holdings, Hatton National Bank nonvoting and Hatton National Bank.