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

Leading News from Sri Lanka::

* Consistent performance in the Stock Market offers strong reasons for investors to be optimistic
Sat, Jan 16, 2021, 11:01 am SL Time, ColomboPage News Desk, Sri Lanka.

Jan 16, Colombo: The consistent growth in the levels of activity and overall performance of the of the Colombo Stock Market over a period of 9 months and the increased levels of investor participation in the stock market offers strong reasons for investors to be optimistic, the Colombo Stock Exchange (CSE) said.

The Benchmark All Share Price Index (ASPI) has indicated a gain of 75% since falling to its lowest point in a decade on 12th May 2020 and presently records 7,443.23 points. The S&P SL20 index, which includes the 20 largest and most liquid shares has also grown by 65% since 12th May 2020 to 2,782.17 points.

These statistics indicate that the stock market has consistently gathered momentum over a considerable level of time, with the turnaround in the indices being dated back to mid Q2 2020. There is therefore little reason to believe that the revival of the Sri Lankan stock market has been unjustifiable.

The growth of the indices and investor interest in the Sri Lankan stock market also comes at a time when peer regional and other global stock markets have indicated positive returns, giving reason to believe that the interest levels in equities in Sri Lanka is consistent with a global trend of a sustainable resurgence in stock markets around the world.

Considering a low interest rate regime that has prevailed in 2020 and even at present. Investors have been turning to the stock market as their preferred choice for investment.

The CSE said it welcomes the resurgence of the Sri Lankan stock market and is committed to consolidating on this resurgence to introduce growth initiatives that will sustain the performance and interest in our stock market.

The regulatory framework of the stock market has been strengthened on several aspects in recent times including the supervision of Stock Broker Firms, monitoring of market risk and credit risk and market Surveillance and Enforcement Mechanisms for listed companies.

Given the increased level of market activity the CSE has taken measures to heighten the level of regulatory supervision, market surveillance and monitoring of risk. The CSE has been proactively taking such measures in the past and will continue to do so.

As the operator of the stock market , the CSE remains strongly focused on maintaining the confidence of investors by preserving the market’s integrity and quality and being fully aware that it is only by operating a fair, orderly and transparent market that it will be possible to sustain this level of investor confidence and performance.

 

ColomboPage - Recent 10 Stories ::
India denies Sri Lanka’s claim that Adani group project at Colombo port is cleared
-- [6 minutes ago]
Chiefs of Air Staff of Pakistan and Bangladesh call on Prime Minister
-- [52 minutes ago]
Ten Laxapana hydro power plant workers infected with coronavirus
-- [1 hour and 58 minutes ago]
Ministry of Public Security plans a week-long ‘crime prevention wave’
-- [2 hours ago]
Sri Lanka Navy seizes over two tonnes of dried turmeric suspected to be smuggled via sea
-- [2 hours ago]
Drunk driver runs over four people in Wellawatta, one killed
-- [2 hours ago]
ComBank launches QR-based payment acceptance with UnionPay International
-- [3 hours ago]
CSE organizes Family Business Forum themed ‘Founder to Family’
Dasun Shanaka ends visa crisis to leave for the West Indies
Two COVID victims buried for the first time in Sri Lanka

Copyright © 2000, 2020 by LankaPage.com (LLC) :
The news and other contents on ColomboPage are copyrighted property of LankaPage.com, 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 LankaPage.com, LLC. However, news organizations or broadcasters in Sri Lanka may republish the news items in ColomboPage with proper acknowledgment to ColomboPage.