Colombo stock market ends week with 3.2% gain

THE Colombo stock market yesterday ended with losses taking a complete U-turn after two consecutive sharp gains, though ending the week on the up.

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During the week, the benchmark ASPI gained 3.2% and the active S&P SL20 gained 3.9%, whilst recording an average daily turnover of Rs. 6.08 billion. Yesterday the S&P SL20 declined by 0.21% and the ASPI by 0.23% with turnover amounting to Rs. 4.22 billion involving over 189.23 million shares.

Foreign participation in the market activity yesterday remained at subdued levels with foreigners closing as net sellers, registering a net outflow of Rs. 56.2 million, signalling continued caution in the face of prevailing global uncertainties.