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* Sri Lanka's Colombo Stock Exchange Main Index (ASPI) crosses 7000 mark after 3 years
Thu, Aug 21, 2014, 10:19 pm SL Time, ColomboPage News Desk, Sri Lanka.

Aug 21, Colombo: Sri Lanka's Colombo Stock Exchange's (CSE) All Share Price Index (ASPI) crossed the 7000 mark today (21) closing at 7,004.75 points.

This is the first instance after 3 years the ASPI crossed 7000 points since closing on 7,030.85 points on August 18th, 2011.

The CSE said in a release today that it has crossed a number of performance milestones during 2014, with the ASPI and the S&P SL20 Index achieving 3 year highs.

The Market also closed on a high turnover value on 19th of August, 2014 of Rs. 8.2 Billion, the highest since a turnover value of Rs. 15.7 Billion recorded on the 16th of March 2012.

The Colombo Bourse is also performing exceptionally well in comparison to regional markets, being within the top six best performing markets in the region, with the ASPI showing a year to date growth of 18.46 percent.

Within the course of 2014, there have been five Equity IPOs, an Equity introduction and five Debt IPOs. The capital raised through Equity IPOs has been the highest since 2011, with Rs. 2.693 billion, being raised in the first eight months of this year and the market has seen a total of Rs.12 billion of debt and equity capital raised through primary and secondary offerings.

Investor confidence and sentiment in the Capital Market has also improved in the past year due to market development and market regulatory activities, supported by a low interest rate regime making the Capital Market a more attractive investment opportunity.

Local retail investor participation in the market has grown to 37.9 percent from 33.5 percent in 2013 while foreigners remained net buyers during 2014 with a net foreign inflow of Rs. 8 billion.

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