Stock Market Archives

August 9, 2023

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“Invest Sri Lanka” is a series of forums organized by the Colombo Stock Exchange (CSE) in partnership with Stock Broker Firms, to promote foreign portfolio investment into the Sri Lankan Stock Market by showcasing investment opportunities in leading Sri Lankan listed companies. The investor forums have previously conducted in key foreign markets, including the UK, USA, Australia, New Zealand, UAE, India, Switzerland, Hong Kong, and Singapore.

This year, the CSE, in association with the Confederation of the Indian Industry (CII) and Stock Broker Firms, will be hosting Investor Forums in India, in Chennai on 9^th August 2023 at the Taj Coromandel Hotel and in Mumbai on 11^th August 2023 at the Taj Lands End Hotel, to attract portfolio investments into the Sri Lankan Capital Market.

The decision to reactive the Invest Sri Lanka Investor Forums was made with a view to increase foreign investor inflows to Sri Lanka. Presently, with the Colombo Bourse is extremely competitive relative to its peer markets in the region, in 2022 and 2023, the CSE also had witnessed positive net foreign inflows. The main market index the All-Share Price Index (ASPI) has increased by 36% YTD.

The State Minister of Finance Sri Lanka, Hon. Shehan Semasinghe, will deliver the keynote speech at the forums in Chennai and Mumbai.

The Sri Lankan delegation, including senior representatives of CSE, SEC, Central Bank of Sri Lanka (CBSL), and representatives from 16 Stockbroker firms, would be part of the delegation at both forums, to make a collective case for Sri Lanka as an attractive investment destination.

The forums will consist of multiple sessions on the country’s present economic outlook, market analysis and investment opportunities in the Sri Lankan Stock Market.

There will also be a panel discussion at both forums with the participation of the State Minister of Finance, Sri Lanka, CSE Chairman, Mr. Dilshan Wirasekara, CBSL Director Research, Dr. P.K.G Harischandra, and SEC Director General, Mr. Chinthaka Mendis, moderated by CSE CEO, Mr. Rajeeva Bandaranaike.

The Platinum Sponsors for both Chennai and Mumbai forum are Asia Securities and First Capital Holdings PLC, while Almas Equities is as a Gold Sponsor for the Mumbai forum. The Support Partners for the forums are the Ceylon Chamber of Commerce (CCC) and the Board of Investments (BOI).

April 26, 2023

The Colombo Stock Exchange (CSE) is pleased to announce the introduction of listing and trading of Green Bonds for the first time in the Sri Lankan stock market, with effect from 25^th April 2023.

Under the Green Bonds concept, proceeds are invested exclusively in green projects that generate climate or other environmental benefits, for example in renewable energy, energy efficiency, sustainable waste management, sustainable land use (forestry and agriculture), biodiversity, clean transportation, and clean water.

The objective of enabling regulations for the issue of green bonds in the Sri Lankan stock market is to facilitate Sri Lankan corporates to raise capital that will be used for green projects and to foster greater transparency and accountability in the use of proceeds from the Green Bond, and to ensure reporting of the impact of the green projects for which the proceeds of the bond was used.

The use of proceeds from the Green Bond should be aligned with the Green Bond Principles, which are accepted by the CSE. The accepted Green Bond Principles of the CSE are the Green Bond Principles by the International Capital Markets Association (ICMA), the European Green Bond Standards (EUGBS), and the Climate Bonds Initiative Standards (CBI Standards).

Corporate Debentures and Green Bonds

The Green Bonds will have the same features of a Corporate Debenture and will be listed on the Debt Market segment of the CSE.

The main difference between a Corporate Debenture and a Green Bond is the usage of the proceeds. In a Green Bond, the proceeds have to be exclusively used for financing or re-financing in part or in full, new or existing eligible green projects which are aligned with at least one international Green Bond standard set out above.

The Green Bonds will be traded on the Automated Trading System (ATS), similar to Corporate Debentures. The trading parameters currently applicable to Corporate Debentures will also apply to Green Bonds as well.

The potential issuers of Green Bonds are any public company incorporated under the Companies Act and any statutory body established/incorporated under a statute.

Benefits of issuing and investing in Green Bonds

Green Bonds could be identified as a new investment asset class for potential issuers and investors. By issuing Green Bonds, an issuer could access a broader pool of capital, including access to a foreign investor base who has an interest in investing in green projects. It also can play a positive role, in raising awareness and building expertise among investors on issues relating to the environment, thus, fostering greater transparency in the use of proceeds from the Bond.

Green Bonds can also facilitate the establishment of public-private partnerships that might accelerate the pace of green investment and lead to the adoption of new technologies and also contribute to a sustainable economy.

Commenting on this new product, CSE CEO Mr. Rajeeva Bandaranaike said, “As of January 2023, Green Bonds have globally raised $2.5 trillion, to support green and sustainable projects. Sri Lanka can tap into these funds and capitalize on by attracting foreign investments into Green Bonds. This will contribute positively towards the Sri Lankan economy whilst issuers get an opportunity to attract a new pool of investor base; especially foreign funds which are exclusively aimed at green projects.”

“We are proud to be at the forefront of promoting sustainable investment mandates in the market, integrating environmental, social and good governance (ESG) criteria into the business or investment decisions, for the lasting benefit of both the capital market and the country at large.”

“based on the demand for bonds like Green Bonds, the CSE proposes to introduce Blue Bonds and Social and Sustainability Bonds in the future”, added Mr. Bandaranaike.

For more details, please visit CSE website (www.cse.lk).

August 22, 2022

A special market opening ceremony was organized by the Securities and Exchange Commission of Sri Lanka (SEC) and the Colombo Stock Exchange (CSE) under the patronage of Mr. Viraj Dayaratne, President’s Counsel, Chairman of the SEC, to mark the third phase of digitalization of the Sri Lankan Capital Market and to celebrate the 35th Anniversary of the SEC. The launch event, themed ‘Sri Lankan Capital Market – The Odyssey’, was also attended by Mr. Dilshan Wirasekara, Chairman of the CSE, SEC Commission Members, Mr. Chinthaka Mendis, Director General of the SEC, Mr. Naresh Abeyesekara, SEC/CSE Joint Committee Chairman for Digitalization, CSE Board of Directors, and Mr. Rajeeva Bandaranaike Chief Executive Officer of the CSE, Stock Broker Firms, SEC Management and CSE Management.

A joint committee was formed by the Chairman of the SEC, Mr. Viraj Dayaratne, with the objective of identifying measures and mechanisms required for the Colombo Stock Market to conduct its core activities digitally. The committee comprised representatives from the SEC and the CSE and has worked towards converting paper-based statements to electronic forms. The committee launched a transformative digital offering through the CSE Mobile App, an end-to-end digital onboarding and online account opening feature. In the third phase, the committee explored avenues to bring in investments from retail investors living outside of Sri Lanka. The committee developed infrastructure to offer convenient registration and investment opportunities to these foreign investors. Fourteen new features were also introduced as part of the third phase of Digitalization.

CSE Chairman, Mr. Dilshan Wirasekara, while welcoming all those presented thanked and appreciated the joint effort of the SEC and CSE in digitalizing the capital market operations. He said that the CSE is looking forward to its journey ahead, in terms of broadening the organization and truly living up to its vision of creating wealth and value and stressed that the CSE would not just develop the market but also work as a partner to develop the country in the face of the existing economic crisis.

Chairman SEC/CSE Joint Committee for Digitalization Mr. Naresh Abeysekera, said, “Today this digital interface is not only operating the capital market but has changed the entire digital landscape of the capital market industry. It’s a remarkable feat we achieved”.

Stating the Committee’s achievement with pride, he also mentioned, today 220,000+ CSE Mobile Apps have been downloaded by users, and it’s a great platform for potential investors. “We created a new potential age group; 18-40 years old, and 18-40-year olds make up 92 percent of this entire new base. Previously, it was more towards 50 plus. Thus, with regard to market sustenance, asset sustenance, and market growth, it’s a new base and a note on more investors coming into the market. ”

He also said, with regard to the testament of the platform, having zero complaints up to now is a great achievement.

Mentioning the developments of a Central Counter Party System (CCP), CSE CEO, Mr. Rajeeva Bandaranaike, said that to continue to broad base the capital market, it is needed to ensure that the overall systematic risk in the market is managed, and to do that, we need to manage and minimise the risk of default by buyers and sellers, and a CCP is the mechanism to do this effectively. “A central counterparty system can offer significant benefits to the market. CCPs are highly interconnected with financial institutions and they are too important to fail. CCPs acted like firewalls during the global financial crisis in 2008. They successfully contained the consequences by stopping the contagion of losses from spreading to other financial institutions.”

Mr. Sunil Lankathilake, the Chairman of the SEC/CSE Joint Committee for the Setting up of the CCP, mentioned that the policy framework for the Central Counter Party mechanism is a groundbreaking market infrastructure development. He further mentioned that implementation of a CCP will enable the introduction of new products that broaden the investment asset classes available for investors as well as benefit the stakeholders of the industry.

SEC Director General, Mr. Chinthaka Mendis, stated that, “I am particularly glad to see our initiatives coming to a particular point to celebrate. Today we complete the final stage of the digitalization goal while the elusive CCP goal looms in the legal framework brought by the new SEC Act. It is very satisfying to hear that all market activities in the CSE can now be carried out digitally.

It is important that regulator and operator of the market work closely together as partners, so that the market has the benefit of unbiased approach and can do what is necessary to daunt market misconduct. Regulation to my mind is an inherent expectation as I have often stressed a robust regulator is a fundamental pillar in a market economy and we are deeply conscious of this expectation. “Never in the last so many years, have all of us worked so hard to get things done” he said.

“The challenges we face will not disappear overnight, but as we look forward, I am filled with fresh hope about the possibilities of better days to come so I expect commitment from everyone. I have optimism and confidence. I believe with an even stronger and better market, the country will emerge from this situation.”

SEC Chairman, Mr. Viraj Dayaratne PC stated that “The market could not be opened for trading with the onset of the Covid pandemic in 2020, since not every function of the market could be carried out without a physical presence. The need to digitalize end-to-end operations of the market was badly felt and as a result a joint committee of the SEC and CSE was appointed to carry out the digitalization initiative.”

He further elaborated that “It was important for the SEC to support the CSE in this exercise since the SEC also had a duty towards the development of the market and that with the ultimate achievement it proved that difficult and complex tasks could be achieved if parties worked collectively.”

He paid glowing tributes to the work carried out by the joint committee and other officials of the SEC and CSE who were involved with the work. He also said that The CCP joint committee too had made much headway and that they were hopeful of having a CCP in place by early next year. With regard to the SEC completing 35 years, he thanked all past Chairpersons, Director Generals and staff as well as the present Commission Members, Director General and staff for their contribution over the years. He also thanked the CSE and other stakeholders for the co-operation extended to the SEC over the years.

He recalled that the CSE and SEC have been transforming the stock market since its inception and are on a mission to redefine the landscape of Sri Lanka; enhancing and broadening the investment experience for investors, stockbrokers, listed companies and other stakeholders. The digitalization of the Sri Lankan Stock Market brings the future to Sri Lanka positioning it to become a global financial hub, which will redefine the stock market landscape, taking a hyper-leap into the future.

January 7, 2022

The shares of Kapruka Holdings Limited (CODE: KPHL-N-0000) commenced trading on the Colombo Stock Exchange (CSE) today. The shares have been listed on the Main Board of the CSE under the “Retailing” sector. The occasion was marked with a special Bell Ringing Ceremony.

Representing Kapruka Holdings Limited, Chairman and CEO Mr. Dulith Herath, Director Ms. Anuradha Herath and General Manager Mr. Suresh Eranda attended the event. Financial advisor and manager to the issue, Acuity Partners (Pvt) Limited Managing Director and Director at the CSE Mr. Ray Abeywardena, Director Research Mr. Shehan Cooray, Associate Corporate Finance Ms. Hansinee Beddage and Consultant Corporate Finance Ms. Avanthi Dissanyake represented the event.

The CSE was represented at the event by its Chairman, Mr. Dumith Fernando, Director, Mr. Jayantha Fernando, Chief Executive Officer, Mr. Rajeeva Bandaranaike, Chief Regulatory Officer, Mr. Renuke Wijayawardhane and the CSE Senior Management.

Speaking at the ceremony, the Chairman of the CSE, Mr. Dumith Fernando, congratulated Kapruka Holdings on its initiative to go public and the company’s being six times oversubscribed on the first day of the IPO. “It is indeed a pleasure to welcome the first IPO of 2022 through the listing of Kapruka Holdings Limited. It is also special because it is the first E-Commerce company of significant size coming to the market, and I couldn’t think of a better company than the leader in that segment to start what I hope is just the beginning of a lot more IT and E-Commerce companies coming to the capital market this year. Kapruka Holdings is truly a global Sri Lankan company, connecting 1.1 million international customers back to Sri Lanka, and it has provided significant employment through all the supply partners in the country as well. So, it has created a lot of social impact. These are the companies that we, as a stock exchange, love to see come into this market.”

Commenting on the overall listing, Mr. Fernando added, “In the year 2021, over Rs. 120 billion worth of new capital was raised through the CSE. 13 companies were listed last year, and we are at a record pace in the equity market. It also needs to be mentioned that every single IPO has been oversubscribed on the very first day since it was relaunched in 2021. With this, we encourage many others to take this course and, as the CSE, we invite Kapruka Holdings to enjoy the privileges of being a listed company, and we are very proud and happy to have you. ”

Speaking at the event, the Chairman and CEO of Kapruka Holdings Limited, Mr. Dulith Herath, commented, “20 years ago, I managed to get the Kapruk.com domain registered. Getting a domain name was a big deal 20 years ago as I built this company. If you look at the share structure of the company, 80% of the shares are owned by me and 20% of the shares are owned by the public. That is the uniqueness of the company. Kapruka has never raised a single rupee from any individual investors before; it was built on its own profits. We only have Rs. 200 billion in debt, which is a marvelous story for the size of a company like this. This demonstrates that if an entrepreneur is determined and committed, he or she can build a company like this. The next uniqueness of Kapruka is that it’s a profitable company compared to the other global E-Commerce companies. I hope that the Kapruka story will encourage more and more tech companies to come to the market.”

Mr. Herath commented on the event, thanking Acuity Partners for constantly encouraging him to take the first step toward entering the market. “In order to raise funds, I had three options. Option one was to tie up with a wealthy individual, option two was to burrow, and option three was to go public with the CSE, and I picked option three.”

Kapruka Holdings Limited is Sri Lanka’s pioneer E-commerce enterprises that was founded in 2002. The company provides a highly profitable, unique and differentiated non-marketplace e-commerce business model with in-house last mile delivery, serving both local and expatriate Sri Lankan clientele.

December 14, 2021

13-December 2021, Colombo, Sri Lanka: First Trading Day for Sarvodaya Development Finance Shares

After a sought-after IPO that was oversubscribed within hours on the opening day, shares of Sarvodaya Development Finance Limited will be listed and commence trading on the main board of the Colombo Stock Exchange today, 14^th December 2021. A total of 149,596,052 ordinary voting shares will be listed under the ticker symbol SDF.N and the Company will be categorized under the “Consumer Finance – 4020” sector. Managed by NDBIB Bank, Sarvodaya Development Finance’s IPO successfully raised LKR 1 billion through offering a stake of 30.38% (45 million shares) of the Company to the public at a price of LKR 22.00 per share. Active interest in the issue was witnessed across a range of investors, including individuals and institutions. Sarvodaya Development Finance is a licensed finance company formed in 2010 as the economic arm of the Sarvodaya Movement (est. 1958), one of the oldest NGOs in Sri Lanka.

November 22, 2021

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CFA Society Sri Lanka rang the Opening Bell to commence trading at the CSE today to celebrate its 20-year anniversary. The event was followed by launch of the Commemorative Cover and Stamp, as a part of a series of initiatives conducted by the society to celebrate this significant milestone

Special market opening ceremonies are organized by the CSE as a platform for listed companies to celebrate corporate milestones and as a call to action for causes and developments that are significant to our business community, economy and society at large.

President Mr. Dinesh Warusavitharana, Vice President Mr. Aruna Perera, Director/ Secretary Mr. Rasanja Perera, Director /Treasurer Ms. Rashmi Paranavitharana, Director Mr. Travis Gomez, CEO Mr. Aruna Alwis, Director, Ms. Nadika Ranasinghe of the CFA Society and the Postmaster General of Department of Posts Mr. Ranjith Ariyaratne were present at the event.

The CSE was represented by Chief Executive Officer Mr. Rajeeva Bandaranaike, Chief Regulatory Officer Mr. Renuke Wijeyawardhane and Head of Marketing Mr. Niroshan Wijesundere.

CEO of the CSE, Mr. Rajeeva Bandaranaike, speaking at the ceremony, congratulated the CFA Society on the journey and applauded the initiatives taken by the CFA society for the development of the capital market over the years.

He further added “As you all know very well, there is a need for improvement in the levels of financial literacy in the country, and we believe CFA society can play a meaningful role in this regard. Given the appropriateness and relevancy of the CFA qualification to capital markets, we should be encouraging a greater presence of CFA charter holders as finalists and candidates within the capital markets industry.

Given the scope, and objectives of the CFA Institute, and the expertise within the fraternity. We believe that the engagement that the CSE has been having with the CFA has been a productive one.”

Outlining the importance of the occasion, President of CFA Society Sri Lanka, Dinesh Warusavitharana, CFA said that today’s market opening ceremony is a very significant occasion for both CFA Society Sri Lanka and the CSE as it reiterates the role of investment professionals who are champions of ethical behavior in investment markets and are a respected source of knowledge in the global financial community. ‘’Our aim is to create an environment where investors’ interests come first, markets function at their best, and economies grow’’ he added. He also mentioned that Environmental, Social and Governance (ESG) Investing and Real Estate Investment Trusts (REITs) are key focus areas which can provide many benefits to investors and therefore CFA Society Sri Lanka will work very closely with the CSE to establish these emerging concepts in the local financial market.

November 22, 2021

21 November 2021:

Sarvodaya Development Finance (SDF) is set to enhance the standing of over 5,000 Sarvodaya societies islandwide with its Rs. 1 billion Initial Public Offering (IPO) opening tomorrow (23^rd November).

With a track record spanning over 6 decades, Sarvodaya Shramadana Movement uplifts and empowers rural masses, has a strong brand presence and is a trusted name among all Sri Lankans. Capitalizing on these attributes and the widespread network of solid, long-lasting relationships, SDF has successfully transformed into a young, tech-savvy financial services specialist providing a diverse product portfolio. Sarvodaya’s reach enables SDF to expand its coverage by utilising the over 5,000 legally independent village societies which also includes 26 District Centers, 500 Community Centers, 10 Development Education Centers, 1,200 Preschools, 3 Peace Resource Centers and 12 Suwasetha Children and Adult Care Homes.

SDF empowers underserved village entrepreneurs through a product range that has continuously evolved in line with changing customer needs to support the growth and development of its clientele. The portfolio currently includes Micro Loans, Society Loans, Leasing, SME Loans, Asset-backed Loans and Deposit Products. The client portfolio currently includes 57% female and 43% male entrepreneurs while 78% of the loan portfolio originates from outside the Western Province. SDF currently has Total Assets of over LKR 9 billion and operates through a wide network of 51 Customer Service Centers/Branches with nearly 500 employees servicing over 135,000 customers in total.

Managed by NDB Investment Bank, Sarvodaya Development Finance will offer up to 45,454,546 ordinary voting shares at a price of Rs.22.00 per share, resulting in a projected market capitalization of Rs.3.29 billion assuming full subscription at the Issue price. Offering the IPO enables potentially interested investors in society to contribute to SDF’s on-going work on developing rural villages, echoing the age-old Sarvodaya goal of working together to achieve societal economic benefits.

July 12, 2021

Investing in the stock market can be confusing at best and for beginners even more so. It’s an important decision with long-term consequences, and everybody seems to have an opinion on the best approach. This is when investors can benefit from a proficient fund manager. The JB Vantage Value Equity Fund was set up with the intention of sharing equity management expertise with the average investor. Many novice investors have benefited from the fund’s focus on disciplined investing.

The JB Vantage Value Equity Fund provides the average investor with an easy way to get started investing in the equity markets. In one step they get access to a basket of around 16 – 18 shares picked based on value investing principles. Value investing is long-term capital appreciation through patient investing in shares of companies expected to have strong growth potential not reflected in their trading price.

Value investing was begun by Benjamin Graham an influential investor whose research in securities laid the groundwork for in-depth fundamental valuation used in stock analysis today. Known as the “Father of value investing” his theories are currently popularized by such respected investors as Warren Buffet and Peter Lynch.

Warren Buffett in a letter to his Berkshire Hathaway shareholders in 2008 says “Long ago Ben Graham taught me that price is what you pay, value is what you get. Whether we are talking about socks or stocks I like buying quality merchandise when it is marked down.” He went on to say in a later year “if a business does well, the stock eventually follows”. Like Warren Buffet, the JB Vantage Value Equity Fund values the hard work of deep dive research and waiting for the right price to buy at.

JB Vantage’s Value Equity Fund is the largest pure equity fund in the Sri Lankan market, aiming to maintain over 90% of its holdings in equities. Since its inception in May 2012, the fund has brought in the largest rupee amount to the Colombo Stock Exchange from retail investors and has Rs. 2.14 billion in assets as of end of March 2021. Aside from the latest gold win at the CFA Sri Lanka Capital Market Awards, the JB Vantage Value Equity Fund has been recognised at by CFA Sri Lanka when they won at the inaugural awards in 2016 a Bronze award and Silver in 2019. JB Vantage unit trusts have been proud gold winners at three of the five Best Unit Trust Award ceremonies.

Christine Dias Bandaranaike, CEO of JB Financial shared some advice on making wise equity investments:

Commit to allocating 20% of your total investment portfolio to equity investments. Investing through an equity unit trust is honestly the most trouble free way to make this happen.
Invest a set amount regularly into your equity unit trust. As the equity markets fluctuate your average cost on your purchases will fall, as you buy fewer units when markets are high and more units as they fall. This is known as “dollar cost averaging”. This can be done easily using a bank monthly standing order.
Review your investment portfolio annually but with a mindset to remain invested for the long run. As Warren Buffet once said “The stock market is designed to transfer money from the active to the patient”. The real value of companies can be seen with time. Patience is key in equity investing.

She further added, “Right now, given the low level of interest rates in the market, diversification and allocation to equity is more relevant than ever to investors as they seek better growth opportunities for their savings”.

The JB Vantage Value Equity Fund is an excellent way to get started investing in equities. For more information on the facilities available call them on +94 11 249 0900 or email info.financial@jb.lk.

May 31, 2021

The Colombo Stock Exchange (CSE) has recorded 9.3% growth in Year-to-Date (YTD) All Share Price Index (ASPI) within the first 05 months of 2021. The S & P SL 20 Index fared even better with YTD growth of 13% The market also saw record breaking YTD Market Turnover volume of Rs.414.5 Bn for the first 5 months of 2021.

The YTD market turnover for 2021 exceeds the annual Market Turnover of Rs. 396 Bn achieved in 2020. Accordingly, 2021 YTD Market Turnover is already marked as the 3rd highest Market Turnover recorded in the history of CSE and the highest Market Turnover recorded within a shortest period of time.

Previously high market turnover volumes were recorded during the period 2010 and 2011, where Rs. 570 Bn and Rs. 546 Bn was achieved. The YTD Daily Average Market Turnover for 2021 is Rs. 4.4 Bn as at 31st May 2021 and is the highest Daily Average Turnover in history. The average number of trades per day is approximately 27,000 which is doubled compared to 2020.

Another significant development in 2021 is the activation of the primary market for debt and equity. With the Government incentivizing the use of the capital market, already 3 Initial Public Offerings (IPOs) were successfully concluded with all 3 issues being oversubscribed and closing on the opening day and raising an aggregate of Rs. 3.9 Bn in equity capital. Two of the IPO’s already commenced trading and these traded above the issued price. More equity IPO’s are in the pipeline for 2021. The CSE also saw the very first listing of a SME company on the Empower Board and the state owned Ceylon Electricity Board issuing a Listed Public debenture.

The market digitalization efforts also saw a significant number of new accounts being opened. Since the electronic account openings were enabled in September 2020, the daily volume of new accounts have doubled and many new younger investors are entering the stock market.

It is also noteworthy to mention that despite the significant increases in the market turnover, number of trades and the number of new accounts, the stock market is now operating remotely in view of the ongoing pandemic and the resultant travel restrictions. The CSE and all the market intermediaries have very quickly and successfully evolved to convert their operations to a digital format to operate from remote locations under a Work From Home (WFH) concept in keeping with the Government health and safety regulations.

February 11, 2021

The All Share Price Index (ASPI) and the S&P SL20 index marked a recovery despite a brief decline during trading today to close trading on an upward trajectory. The reversal in the declining trend recorded during the end of trading today ensured that the ASPI continues to maintain double-digit growth so far in 2021 at 12.16%, while the S&P SL 20 also records 15.21% growth in 2021 as at the end of trading today. The ASPI closed trading on 7,597.81 points while the S&P SL 20 index closed trading at 3,039.28 points. The lowest point for the ASPI during trading today was 7,219.24 points while the lowest point recorded for the S&P SL 20 index was 2822.76 points, further bringing into perspective the recovery in the indices during the latter part of the trading day, to close the day in a positive trajectory.

The recovery in the ASPI today also places the index as one of the few primary indices that have indicated double-digit growth in 2021 globally.

Older Posts

CSE and Stock Broker Firms take the lead in attracting foreign portfolio investments into the Sri Lankan Stock market with “Invest Sri Lanka” Investor Forums in India.

CSE enables issue of Green Bonds by Sri Lankan Companies

The SEC and the CSE complete the third phase of the Digitalization Initiative of the Sri Lankan stock market and announce the plans for CCP

Kapruka Holdings Limited debuts trading on the CSE

Sarvodaya Development Finance Shares Commence Trading on the CSE Today

CFA Society Sri Lanka Rings the Stock Market Opening Bell to Mark its 20th Anniversary

Sarvodaya Development Finance enters stock market with over 5,000 Sarvodaya societies island wide

Equity Market Investing – How a unit trust can help?

Stock market buoyant in 2021

Stock Market indices recover after brief decline to maintain double-digit YTD growth