ASPI gains 50% during 2024

1 January 2025 12:29 am Views - {{hitsCtrl.values.hits}} 1 Bookmark

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Indices closed in green as a result of price gains in counters such as National Development Bank, DFCC Bank and Commercial Bank with the turnover crossing Rs. 7.7 bn.

High net worth and institutional investor participation was noted in Commercial Bank, Hatton National Bank and Aitken Spence.

Mixed interest was observed in Sanasa Development Bank, DFCC Bank and Pan Asia Banking Corporation whilst retail interest was noted in SMB Leasing nonvoting, LVL Energy Fund and Waskaduwa Beach Resort.

Foreign participation in the market activity remained at subdued levels with foreigners closing as net buyers. During the year 2024, the ASPI and S&P SL20 gained 49.7% and 58.5% respectively, while recording an average turnover of Rs. 2.23 bn.

The Banking sector was the top contributor to the market turnover (due to Hatton National Bank, Commercial Bank, Sanasa Development Bank, DFCC Bank and Pan Asia Banking Corporation) whilst the sector index gained 1.86%. The share price of Hatton National Bank increased by Rs. 2.50 (0.79%) to close at Rs. 319.75.

The share price of Commercial Bank gained Rs. 1.75 (1.22%) to close at Rs. 144.75. The share price of Sanasa Development Bank moved up by Rs. 4.40 (10.60%) to close at Rs. 45.90. The share price of DFCC Bank recorded a gain of Rs. 6.00 (5.57%) to close at Rs. 113.75.

The share price of Pan Asia Banking Corporation appreciated by Rs 2.10 (6.38%) to close at Rs. 35.00. Furthermore, Dipped Products PLC announced an interim dividend of Rs. 0.35 per share.

Comments - 1

noff Wednesday, 01 January 2025 10:20 AM

To All -CBSL to Monitor to regulate a law for Online loan providers as they Register under Pvt Ltd software companies with foreign connection and do financial business in large scale for years and lend money through web app on Exorbitant interest Rate of 35% to 65% per month, to avoid CBSL and Income Tax Dep ,Plus( if delay in due date another 10% per every 10days added , Plus 2.2% daily Interest added to total the Loan it will be 300%),such ,Loan Mafia companies are Fino.lk ,Loanme.lk , Fastrupee.lk, , Cash X.lk , Lotus Loan.lk, onCredi.lk. Loan Plus.lk, and its a Daylight robbery of innocent customers hard earned monies and it’s a debt trap, as bank interest rate is less that 3% per month. CBSL to Bring a law to recover the Exorbitant interest Paid by innocent customers in the Past and to return the excess paid interest to customers from the above Online lenders. and to Pass in Parliament ,CBSL Drafted Microfinance and Credit Regulatory Authority Act

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