Indices at Colombo Stock Exchange (CSE) reached new heights yesterday making robust gains while turnover recorded a high at Rs.10.8 billion surpassing the earlier record set nearly seven months back despite subdued foreign participation.
The Colombo All Share Price Index (ASPI) gained 264.66 points to close at 8479.65, its highest close in history, and the S& P SL20 index rose 3.18 percent gaining 96.95 points to close at 3,148.59.
The turnover was recorded at a strong level of Rs. 10.8 billion, led by the Transportation sector, followed by the Capital Goods sector collectively accounting for a total contribution of 53%, and Expolanka Holdings alone contributed to 40 % of the turnover yesterday.
Expolanka also became the largest listed firm in the CSE in terms of market capitalization as it took over LOLC Holdings.
Foreign investors only accounted for one percent of the total turnover and their net selling reached Rs.37.2 billion as of yesterday.