CSE sets new benchmark, crosses 22,000 points

COLOMBO stock market extended its rally into 14th session and closed the week yesterday with the ASPI crossing the 22,000-point barrier for the first time and turnover hitting more than Rs. 9 billion.

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The ASPI had gained 495.9 points during the week, up 2.24% and the S&P SL20 gained 75.94 points, up 0.12%. Foreigners were net sellers during the week with a net outflow of Rs. 389.65 million compared a net inflow of Rs. 236.6 million the previous week.

Yesterday, The ASPI closed up 0.65%, gaining 143.10 to 22,094.89. The active S&P SL20 closed 0.64% higher, up 39.30 points to 6,187.51. Turnover was Rs.9.75 billion on more than 439 million shares traded.

NDB Securities said the indices closed in green as a result of price gains in counters such as Melstacorp, Sampath Bank, and Dipped Products, with the turnover crossing Rs. 9.7 billion. High net worth and institutional investor participation was noted in Lanka Credit and Business Finance, DFCC Bank, and Commercial Bank.