CSE’s ASPI forges ahead crossing 7,000-point mark first time since 2015

• ASPI has recorded 4% growth on first 3 days of 2021 and total turnover at Rs.18bn
• Rs.115bn added to market capitalisation over first 3 days of trading in 2021

The Colombo Stock Exchange’s (CSE) benchmark All Share Price Index (ASPI) crossed the 7,000-point mark yesterday for the first time since November 24, 2015, closing the trading day on 7,036.76 points. 

The ASPI crossed the 7,000 mark for the first time on October 1, 2010 and reached its highest ever points level, recording 7,811.80 points on February 14, 2011. 

The index and overall market activity continued its upward momentum from 2020 onwards, with the ASPI recording a growth of 4 percent on the first three days of 2021 and the market generating a total turnover of Rs.18 billion. 

The ASPI has recorded a 66 percent increase since reaching its lowest point in over a decade on May 12, 2020.
The S&P SL20 index, which includes the 20 largest and most liquid stocks, which declined by four points yesterday, has also gained 2.4 percent over the past three days, tracking back points losses, as a result of the pandemic back in March 2020, to record its highest since February 25, 2020, closing the trading day on 2,703.19 points. 

The overall market capitalisation of the CSE has also grown significantly over the first three days of trading for the year, adding Rs.115 billion and closing the day on Rs.3.08 trillion, which is the highest recorded since April 2018.

Commenting on the market performance, CSE CEO Rajeeva Bandaranaike said, “We are greatly encouraged by the high volumes and market activity recorded since mid-last year, which has continued into the new year. The continued low interest rate environment has led to an inflow of funds into the stock market. We will continue to work closely with the market regulator, stockbrokers and other stakeholders to make the stock market more accessible.”