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CSE achieves several landmarks in 2021

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ASPI grows by 102 % over 3 years, average turnover up by 486%:

The Colombo Stock Exchange (CSE) achieved several historical landmarks during the last years.

The ASPI saw a growth of 102% over a period of 3 years. (2018- 2021) This is on average 26.4% year on year growth. The return of ASPI index deposits to attract returns that the stock market has given its investors during the lower interest rate environment.

The daily average turnover of the Colombo Stock Exchange has increased by 486% compared to 2018 (2018-2021) and this is a result of active participation of local retail investors. Their contribution to the total market turnover has increased from 21.6 to 57.2 over the period of 3 years. Last year CSE witnessed a record 13 Equity IPO’S and one Equity introduction raising capital of Rs. 12,713.5 million.

“Furthermore, there were 14 debenture IPO’s which raised Rs. 84,383 million,’’ an official from CSE said. In addition, Rights issues have raised Rs. 24,204.7 million and also Private placement Rs. 2457.6 million. Meanwhile, the Market Capitalization has also increased from Rs. 2,839.5 billion (2018) to Rs. 5,489.2 billion (2021).

The CSE launched an updated version of the official mobile application to be downloaded for Android and IOS users. The updated app features a modern interface and aims to offer users greater access to information on the stock market and scope for personalization. With the new app, users will have access to customized notifications, analytical tools, educational content, historical movements of indices and stocks for up to a year and a feature for investors to manage their CDS account upon investing.

“The CSE Mobile App has surpassed 150,000 downloads there by becoming one of the fastest growing mobile app in Sri Lanka. This has paved the way for investors to open CDs Accounts from any part of the country and thereby participate in wealth creation.”

Friday, January 7, 2022 – 01:00

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