Many investors were bullish on the prospects of the Colombo bourse yesterday. The ASPI index of all the listed stocks at the Col
ombo Stock Exchange surpassed the 4,000 mark in the first 30 minutes of trading yesterday. This is the first time that the index crossed this mark. Turnover remained high at Rs 1.8 billion, driving the ASPI to close at 4,015, a gain of 48 points (+1.2 percent) from Friday s close.
The more sensitive MPI, which tracks the movement of the 25 most liquid stocks, gained 58 points (+1.3 percent) to close at 4,576 yesterday.
The hotels and travels index gained most for the day, up 4 percent, on turnover of Rs 635 million. The Banking, Finance and Insurance sectors gained 1 percent on turnover of Rs 284 million.
The highest turnover of Rs 289 million for yesterday came from John Keells Hotels with the share gaining Rs 1.75 to close at Rs 22.00. Nawaloka Hospitals, which has a 24 percent stake in Galadari Hotels, gained 60 cents to close at Rs 4.50 on turnover of Rs 103 million. Hotel Services generated Rs 78 million in turnover to close at Rs 28.00, unchanged from Friday s close.
The rest of Asia had a bleak day with all major markets down on the Goldman Sachs securities fraud scandal and the continuing airline crisis due to the Icelandic volcano eruption.
Japan s Nikkei Index was down 1.8 percent, Hong Kong s Hang Seng was down 2.1 percent, China s CSI Index was down 5.4 percent, Singapore s STI was down 1.5 percent and India s Sensex was down 1.1 percent.