The All-Share Price Index recorded another first on Wednesday (Sept. 1) notching an all-time high supported by industrial entities.
The index closed at 1.84 percent at 9,163.13 points. The index surged 10.8 percent in August, its best monthly gain since January.
Expolanka Holdings PLC was the top gainer with gaining 7.9 percent and hitting a record high.
The ASPI reached all-time high is a shot in the arm for the capital market and a fresh impetus to investors seeking to make good of a market which is on an upward trajectory.
The Index reached an all time high of 9,064.1 points on August 27 and settled back at 8,955.0 which is still higher than the historic records. The Index increased by 10.6 points (+0.1%) to close at 8,931.3 whilst the S&P SL20 Index also increased by 28.0 points (+0.8%) to close the day at 3,355.1. Browns Investments, Dialog Axiata, SMB Leasing, Commercial Leasing and Finance and LOLC Finance remained as the top positive contributors to the ASPI during the day. The market’s total turnover stood at Rs. 16,487.1 mn against the 12-month average daily turnover of Rs. 3,588.9 mn, while the volume traded for the day was 648,612.2k against the 12-month average daily volume of 197,188.8k. Stock brokers commended the CSE performance last week amid the current local and global conditions. Mahesh Udugampala of Softlogic Stockbrokers commended the achievement in the daily turnover and growth in the ASPI which provides a fresh boost to the market. The market turnover of Rs. 10.8 billion recorded on Monday (23) was the highest since Rs. 23.8 billion recorded on February 1 this year.