Colombo bourse rallies on strong Q2 GDP data

The Colombo Stock Exchange (CSE) bounced back yesterday following the Finance Ministry's announcement on positive second quarter GDP data - with a rally that drove the market to a positive territory, the market analysts said.

- BY HIRAN H. SENEWIRATNE

Amid those developments both indices moved upwards. All Share Price Index went up by 157.69 points while S and P SL20 up by 38.3 points. Turnover stood at Rs 6.6 billion with nine crossings. Those crossings were reported in Chevron Lubricants, which crossed 2.3 million shares crossed to the tune of Rs 391 million and it's share price traded at Rs 170, Access Engineering 2.5 million shares crossed to the tune of Rs 148 million and its share price traded at Rs 60, RIL Properties 2.7 million shares crossed to the tune of Rs 96.8 million and its share price traded at Rs 25.10, HNB (Non Voting) 200,000 shares crossed to the tune of Rs 59 million and its share price traded at Rs 295, JKH two million shares crossed to the tune of Rs 43.8 million and its share price traded at Rs 21.90, NTB 150,000 shares crossed to the tune of Rs 40.3 million and its share price traded at Rs 269, Singer (Sri La