Lankapage Logo CP 21 YEARS
Go Home Home Serving the Sri Lankan community globally since 2000
go to

Leading News from Sri Lanka::

* Sri Lanka’s S&P SL 20 Index marks its second historic gain in a week
Thu, May 21, 2020, 09:14 pm SL Time, ColomboPage News Desk, Sri Lanka.

May 21, Colombo: The S&P SL20 Index of the Colombo Stock Exchange (CSE) gained 6.28% during trading today, bettering the record for the highest ever daily percentage gain of the index which stood at 5.25%, which was set on 18th May 2020, the CSE announced in a media release.

This development marks the second occasion the S&P SL20 Index has made historic gains during this week (week starting 18th May 2020).

Having recorded negative returns on the 11th and 12th of May 2020 upon reopening the market for trading following an extended closure due to the COVID-19 pandemic, the All Share Price Index (ASPI) and the S&P SL20 Index have made consistent gains on trading sessions that have followed.

The ASPI and the S&P SL20 Index which ended trading today at 4,784.80 and 2,037.04 respectively, recorded the highest levels in both indices since 13 March 2020, indicating that both indices have returned to pre-market closure levels while recovering the negative returns on the 11th and 12th of May 2020, which were experienced immediately after recommencing trading.

The CSE recorded high volumes in terms of turnover during the past nine days recording Rs.1.73 billion daily average turnover which is 45% higher than the YTD daily average of Rs.1.19 billion as of today. This is an indication of an improvement of trading activity since recommencing market operations on 11th May 2020.

The Market Capitalization has also improved since recommencing trading, adding Rs. 108.7 Billion in value to the stock market since 11 May 2020.

The Colombo Stock Exchange in a statement said the exchange is encouraged by the resilience of the Sri Lankan stock market in the face of unprecedented times sparked by COVID-19.

“The CSE is particularly encouraged by the interest of local investors since recommencing trading operations, who have demonstrated an appetite for the attractive valuations in the market The Sri Lankan stock market continues to be one of the attractive markets in the region in terms of valuations, and we are confident of continued interest in the stock market.”


ColomboPage - Recent 10 Stories ::
Sri Lanka President authorizes over Rs. 1 trillion from Consolidated Fund to run the government
-- [3 hours ago]
Agri Department launches special program to control Yellow Spotted Grasshopper
-- [4 hours ago]
Sri Lanka to hold polling rehearsal tomorrow to conduct elections amid COVID-19
-- [5 hours ago]
Coronavirus update: Sri Lanka COVID-19 cases rice to 1814 with 13 new cases Saturday
-- [5 hours ago]
President Promotes 19 more SLAVF Majors to next rank
-- [5 hours ago]
Lebanon agrees to conduct free PCR tests for Sri Lankans seeking to be repatriated
-- [6 hours ago]
Two Sri Lankans jailed for 8 months in Singapore over forged passport
-- [6 hours ago]
Gowri Ramanah appointed as Government Analyst
Election Commission issues media guidelines and code of conducts for political parties contesting election
236 Sri Lankan ship crew to be flown home today

Copyright © 2000, 2020 by (LLC) :
The news and other contents on ColomboPage are copyrighted property of, LLC. Any unauthorized use of any information on ColomboPage may constitute a violation of copyright laws. You need written permission to reproduce, republish, post, transmit, broadcast or distribute, material from this site from, LLC. However, news organizations or broadcasters in Sri Lanka may republish the news items in ColomboPage with proper acknowledgment to ColomboPage.