CSE closes on the up, recovers 5% of last week's value loss

THE Colombo stock market yesterday opened the week on the up, gaining Rs. 22.6 billion in value and recovering barely 5.2% of the Rs. 424 billion loss sustained last week.

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The ASPI closed on the up, gaining 0.45% or 97.98 points to 21,594.86 and the active S&P SL20 was flat, up 0.02% or 1.01 points to 5,926.64.

Turnover was over Rs. 2.83 billion on nearly 83.2 million shares traded and foreign investors were net buyers on a net inflow of Rs. 43.2 million.

NDB Securities said the ASPI closed in green as a result of price gains in counters such as Colombo Dockyard, Richard Pieris and Company and Sampath Bank. High networth and institutional investor participation was noted in Hemas Holdings, Tokyo Cement Company and Hatton National Bank.