Stock market records 2.4% growth so far this year

14 August 2015 02:47 am Views - 1114

Contrary to the general perception the stock market has recorded a growth of 2.4 percent so far for this year. The benchmark All Share Price Index (ASPI) of the Colombo Stock Exchange (CSE) has gone up from 7,298.9 points as at the beginning of the year to 7,471.9 points as at August 12, 2015.
The Blue Chip S&P SL 20 Index has recorded a growth of 1.6 percent in 2015. The ASPI has appreciated by 6.4 percent or 451 points from July to date.
The average daily turnover for the year stands at Rs.1.1 billion as against Rs.1.4 billion recorded in 2014. In 2013 the average daily turnover was Rs.828 million.
The market capitalization, the total value of the market, has gone up by Rs.69 billion during the year.
The foreign contribution to total market turnover has gone up from 27 percent to 30 percent in 2015. The total foreign purchase recorded so far stands at Rs.48.4 billion as against total foreign sales of Rs.49.5 billion. 
A total turnover of Rs.3.6 billion has been recorded in the corporate debt trading.