The Colombo Stock Exchange (CSE) has been placed as the second best performing equity index in Asia as of October 25, 2024, with the All Share Price Index (ASPI) boasting an impressive year-to-date return of 29.65% in USD (Source: Bloomberg.com).
This outstanding performance underscores the resilience of Sri Lanka’s capital market and its growing appeal to both local and international investors. The daily average turnover for the week ended October 25, 2024, stands at Rs. 3.058 billion. Furthermore, the CSE witnessed the last two consecutive trading days (Thursday and Friday) with the daily turnover exceeding Rs. 4.7 billion.
For the same week, the ASPI closed at 12,517.58 points, a single point away from the reigning record for the year. Similarly, the S&P SL20 index, which represents the top 20 largest and most liquid stocks, posted robust gains, and closed at 3,759.30 points. The CSE thus remains an attractive option for investors, maintaining positive momentum and paving the way for enhanced investment opportunities.
Meanwhile, for the week ended October 25, 2024, the Colombo Stock Exchange recorded a weekly turnover of Rs. 15.3 billion. The All Share Price Index (ASPI) posted a return of 1.66%, while the S&P SL20 showed a return of 3.76%. As per the previous week ended October 18, 2024, the Colombo Stock Exchange recorded a weekly turnover of Rs. 7 billion. The All Share Price Index (ASPI) posted a return of 0.16%, while the S&P SL20 showed a return of 0.49%.
The Colombo Stock Market’s All-Share Price Index (ASPI) for the first time since May 10, 2024, crossed 12,500-mark, gaining 44.08 points to close at 12,517.58 points during early trading hours on Friday.
Amidst this improved participation turnover stood at LKR 4.8 billion for the second consecutive day, marking a 95.1% increase from the monthly average standing at LKR 2.4 billion.