Tuesday, 09 January 2018 - 23:04
Another firm enters CSE, daily trading ended low


Equity market ended on a negative note today (Jan. 09) as the ASPI decreased by 13.37 points to close at 6,527.14 points, while the S&P SL20 Index also decreased by 1.43 points to close at 3,808.62.

Market Turnover decreased by 69% relative to yesterday to amount to Rs. 550 million while the crossings for the day amounted to 45% of the day’s total turnover.

Foreign Investors meanwhile, recorded a net inflow of Rs. 206 million.

Meanwhile, LVL Energy Fund Limited rang the opening bell to commence trading and celebrate the listing of its shares at the Colombo Stock Exchange today.

The listing follows a successful Initial Public Offering by the company, through which it raised Rs. 1.2 billion through a 120 million share issue.

CSE CEO Rajeeva Bandaranaike speaking at the event noted that the share debut of LVL Energy Fund Limited as the second listing of 2018 adds to what has been a strong start to the year for the stock market.

He noted that the growth of both indices (All Share Price Index +2.7% and S&P SL 20 Index +3.8%), encouraging trading activity and a net foreign investment inflow Rs. 2 billion within 5 days of trading has brought about a sense of optimism on the prospects for the market this year.
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