Market capitalisation turns YTD positive
The Colombo stock market yesterday completed 12 consecutive days of gains showing consistency whilst turnover hit a new high of Rs. 5.3 billion as investor sentiments gathered more momentum.
On a choppy day for indices, the ASPI finished up 51 points or 0.7% and the S&PSL20 inched up by near 4 points or 0.1%. Turnover was Rs. 5.29 billion.
The only negative at the CSE is the net foreign outflow which crossed the Rs. 49 billion mark yesterday to Rs. 49.3 billion year to date after the day saw Rs. 450.6 million worth of net selling. The latter included net selling (around 8 million shares) of Rs. 285 million in Softlogic Life Insurance with the seller being State Street Bank and Trust Company Global Macro Portfolio which as at 30 September held 23 million shares or 6% stake. Buyers included high net worth individuals and some retailers.