The Colombo Stock Exchange (CSE) has claimed the position of the second best-performing equity index in Asia as of October 25, 2024, with its All Share Price Index (ASPI) achieving a notable year-to-date return of 29.65% in USD, according to Bloomberg. This performance not only highlights the strength of Sri Lanka’s capital market but also its rising appeal among both local and international investors.
Key Highlights:
- Turnover Surge: The CSE reported an average daily turnover of Rs. 3.058 billion for the week ending October 25, with turnover exceeding Rs. 4.7 billion on both Thursday and Friday.
- Market Milestones: The ASPI closed at 12,517.58, a mere point shy of this year’s highest record, demonstrating strong market momentum. Similarly, the S&P SL20 index, which tracks the top 20 most liquid stocks, also recorded substantial gains, closing at 3,759.30 points.
- Investment Appeal: The CSE’s upward trend signifies a growing investment appeal and supports Sri Lanka’s position as an attractive destination for equity investment, particularly in an environment of positive economic reforms and a stable financial market.
As Sri Lanka’s capital market continues to show resilience, the CSE’s positive trajectory signals promising prospects for expanded investment opportunities in the coming months.
Update from CSE
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Last modified: October 28, 2024
