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* Sri Lanka Bourse betters 2013 figures in first five months of 2014
Wed, Jun 11, 2014, 12:01 am SL Time, ColomboPage News Desk, Sri Lanka.

June 10, Colombo: In the first five months of 2014 the Sri Lanka's Colombo Stock Exchange (CSE) has outperformed its major indicators from 2013, the bourse said in a release today.

The All Share Price Index (ASPI) closed at 6,263.46 on the 30th of May, presenting a 5.9 percent increase and the S&P SL 20 closed at 3,454.61 on the same day, with a 5.8 per-cent increase over the 2013 figures.

The bourse has also proved to be an attractive avenue of investment, considering the prevailing Fixed Deposit interest rates of 5 to 6 percent.

Nearly 46 percent of stocks have performed outstandingly, where 137, of the 293 listed, companies have given returns above 5 percent; including 49 companies providing an increase in returns over 20 percent, 51 companies appreciating by price between 10 and 20 percent and 37 companies increasing in value by 5 and 10 percent.

The listing of new companies on the Exchange is also gathering momentum within the business community, the release said adding that seven companies listing and increasing the total number of listed companies to 293.

In the first five months of the year, the CSE saw three equity IPOs raising Rs. 2.584 billion, four debt IPOs raising Rs. 5.5 billion and one equity introduction. The Rs. 2.584 billion raised through equity IPO is the highest since 2011.

The CSE under the Securities and Exchange Commission's (SEC) 10 point market development plan is targeting more new companies in varied industry sectors to list and looks forward to adding more new listings in the second half of the year.

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