Friday 22 August 2014

Sri Lanka ASPI index crosses 7,000 mark

August 22, 2014 (LBO) - An index of stocks by the All Share Price Index (ASPI) Sri Lanka has crossed tandem to 7000 mark yesterday (21-08-14) closing at 7,004.75 points after three years, the Colombo stock exchange (CSE) said in a media release.

The CSE says the market also recorded a high turnover value of 8.2 billion rupees on 19th of August, this year which is the highest record since a turnover value of 15.7 billion rupees on the 16th of March 2012.

The Colombo bourse is within top six best performing markets in the region with the ASPI showing an 18.46 percent year to date growth.

CSE says there have been five equity IPOs, an equity introduction and five debt IPOs within the course of 2014.

The capital raised through Equity IPOs has been the highest since 2011 with 2,693.8 million rupees, being raised in the first eight months of this year and the market has seen a total of 12 billion rupees of debt and equity capital raised through primary and secondary offerings.

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 8 billion rupees, CSE said.

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