CSE rebounds, turnover tops Rs. 13 b

COLOMBO stock market rebounded yesterday to close on the up with turnover exceeding Rs. 13 billion amid upbeat investor sentiment following the IMF's positive review of the ongoing program.

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The ASPI gained 0.35%, up 76.75 points to 22,174.74 but the active S&P SL20 ended a marginal 0.84 points to lower at 6,162.38, down 0.01%. Turnover was Rs. 13.3 billion on more than 918.2 million shares traded. Foreigners were net buyers with a net inflow of Rs. 252.5 million, compared to Rs. 196.2 million outflow the previous day.

First Capital Research said reversing the previous session's profit taking position, Colombo Bourse exhibited buying sentiment during the day. ASPI ended in green territory and ended the day at 22,175, gaining 77 points, largely contributed by the upward movement in blue-chip companies. COMB, DIMO, BUKI, CARS and WIND were the top positive contributors to the index. Turnover stood at Rs. 13.3 billion reflecting an increase of 90% compared to the monthly average that stands at Rs. 7 billion.