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10 Sep, 2014 18:11:13
Sep 10, 2014 (LBO) - The Market Capitalisation of the Colombo Stock Exchange or CSE crossed three trillion rupees for the first time in the history of the Exchange, the CSE said in a statement.
Market capitalization stood at 3, 006, 7 billion rupees at the close of the trading today.
The Market Capitalisation measures the market determined value of all listed voting shares.
“The Foreign Investor Forums conducted by the CSE and SEC in the past year in Singapore, London and most recently New York, have informed international investors of the value proposition in the Sri Lankan Capital Market and thereby attracted foreign funds which have contributed positively to the performance of the Market.” Rajeeva Bandaranaike, Chief Executive of Colombo Stock Exchange said.
ASPI crossed 7000 mark in August and S&P crossed 3500 mark in the June this year for the first time since its launch in 2012, in the past few months.
There have been five equity IPO’s which raised a total of 2,693.8 million rupees, one equity introduction and six debt IPO’s in the course of 2014.
The market is also performing positively 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 21.1 per-cent and the S&P SL20 showing a year to date growth of 22.2 per-cent, the statement said.
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