LOLC Development Finance, Nestle push ASPI higher in an otherwise subdued market

By Hiran H. Senewiratne 
Downside pressure was reported on the trading activities of the Colombo Stock Exchange (CSE) yesterday due to speculative gloomy economic conditions emanating from the foreign reserve position and the negative market sentiment related to Covid 19 pandemic situation. However, the All Share Price Index rose mainly due to trading by two companies, stock market analysts said.
The ASPI rose by 68.69 points and S&P SL20 recorded 3.29 points. Turnover stood at  Rs 1.57 billion with two crossings. The crossings were reported in Cargills Plc and Commercial Bank plc, which crossed 2.95 million shares to the tune of Rs 265.5 million and its share price traded at Rs 90 and Cargills 150,000 shares crossed for Rs 36.4 million and its share price traded at Rs 242.50.  

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