Business

CSE hits all-time high 

  • ASPI reaches 8,920.71
  • Breaks records set 8 months ago
  • Expolanka shares grow further to close at Rs. 146.75 

By Imsha Iqbal 

The Colombo Stock Exchange (CSE) All Share Price Index (ASPI) reached an all time high yesterday (26), to close at 8,920.71 points while making the turnover as Rs. 10.49 billion despite the 10-day lockdown that the Government announced last week in order to contain the swift spread of the Covid-19 virus. 

In fact, it surpassed the previous record of 8,812.01 points set on 27 January 2021. 

In accordance with the CSE website, CSE continues its operations as usual during the lockdown period and thus, it operates from 11 a.m. to 2.30 p.m. for regular trading while the pre-open session would be from 10.30 a.m. to 11 a.m. 

Even during the first trading day (23) under the lockdown, ASPI at CSE rose by 239.59 points. Thus, the ASPI closed at 8,479.65, while the turnover crossed Rs. 10.8 billion. 

It was contributed largely by Expolanka Holdings PLC shares and Browns Investment PLC shares. 

Expolanka Holdings PLC company shares exceeded the Rs. 100 mark, which is a whopping growth of 2,000% within a single year from its trading price of Rs. 5 in 2020. It is currently considered the second largest company listed on the CSE. The shares recorded an almost 20% growth within one day yesterday as it closed on a greener note at Rs. 146.75. 

On Monday (23), Expolanka Holdings PLC became the most valuable listed company at CSE, pushing the LOLC Holdings to the second place. However, the drop in Expolanka share prices the following day and an appreciation of LOLC Holdings’ shares the following day, resulted in LOLC retaining its coveted title, once again.