Shares close 5% higher as ASPI records highest single-day jump

Saturday, 13 February 2021 00:19 - - {{hitsCtrl.values.hits}}

The All Share Price Index (ASPI) of the Colombo Stock Exchange (CSE) recorded the highest daily point gain ever of 387.19 compared to a day earlier, with shares closing 5.1% higher, data showed yesterday.

Stocks gained 5.1% on Friday, pushed up mainly by LOLC Holdings, Vallibel One and Expolanka Holdings, recovering some of the losses made in the past week.

The benchmark stock index ended up 5.1% at 7,985. Still, it shed 3.5% for the week but is up 17.9% so far this year, Reuters reported.

The rupee was last quoted at 194 against the dollar as of 1057 GMT, 0.26% lower for the day compared with last session’s close of 193.5, according to Refinitiv data.

Trading volume on the CSE All Share Index fell to 184.8 million from 198 million in the previous session.

Ceramic wall tiles maker Lanka Walltiles PLC surged 34.4% and was the top percentage gainer on the index. Conglomerates LOLC Holdings and Expolanka Holdings were among the top boosts, rising 12% and 10%, respectively.

Foreign investors were net sellers, off-loading Rs. 750.9 million ($ 3.87 million) worth of shares, according to exchange data. Equity market turnover was Rs. 5.17 billion, data showed.

Discover Kapruka, the leading online shopping platform in Sri Lanka, where you can conveniently send Gifts and Flowers to your loved ones for any event including Valentine ’s Day. Explore a wide range of popular Shopping Categories on Kapruka, including Toys, Groceries, Electronics, Birthday Cakes, Fruits, Chocolates, Flower Bouquets, Clothing, Watches, Lingerie, Gift Sets and Jewellery. Also if you’re interested in selling with Kapruka, Partner Central by Kapruka is the best solution to start with. Moreover, through Kapruka Global Shop, you can also enjoy the convenience of purchasing products from renowned platforms like Amazon and eBay and have them delivered to Sri Lanka.