ASPI crosses 7,000 point mark for first time since 2015 | Sunday Observer

ASPI crosses 7,000 point mark for first time since 2015

10 January, 2021

The benchmark All Share Price Index (ASPI) crossed the 7,000 point mark on Wednesday, January 6,  for the first time since November 24, 2015 closing the trading day at 7,036.76 points.

The All Share price index crossed the 7,000 point mark for the first time on October 1, 2010 and reached its highest points level recording 7,811.80 points on 14 February 2011.

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

The ASPI has recorded a 66% 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 4points today has also gained 2.4% over the past three days tracking back points losses as a result of the pandemic 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 at Rs. 3.08 trillion – which is the highest recorded since April 2018.

CSE CEO Rajeeva Bandaranaike said, “We are 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, Stock Brokers and other stakeholders to make the stock market more accessible.”