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1Q Shows Exponential Growth Despite Dip States CSE
Posted 5,April

By Chaveendra Dunuwille

In Local News

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The Colombo Stock Exchange has gone on to state that it has seen an  exponential growth in comparison to the previous years despite the recent YoY  dip. The ASPI recorded an increase of 55.8% in the first quarter against the 1Q  of 2020. The S&PSL20 also recorded an increase of 46.4% in comparison to the  same time of the previous year.  

The market capitalization valued at LKR 3.11 trillion, a 46.4% increase compared  to the previous year. The total turnover was recorded at LKR 324.4 billion, this  value is a 518% increase. An unprecedented increase by 1210% was recorded as  the total number of shares traded in the market numbered at 17.65 billion. A  record setting 30% boost for the 1Q of 2021 was recorded in January while  February and March recorded declines.  

In February the ASPI recorded a 13.7% loss and similarly the S&PSL20 recorded  a loss of 15.6%. March would go on to show relative improvements as the loss in  both the ASPI and S&P SL20 were recorded at 4.75% and 3.93% respectively.  Yet despite this dip the ASPI remains up by 6.19% and S&PSL20 remains up by  8.7% 

March 19th, 2021 recorded a market capitalization of LKR 3.14 trillion. The statistic showed a dip of LKR 795 billion in Market Capitalization from the peak  of 2021. This also have improved by April 1st, 2021 where the dip was reduced  to LKR 647 billion from the 2021 peak. 

Despite the recent dips analysts continue to state that the CSE remains very  attractive for investments as the price earnings ratio as of April 1st was 14.98  times. This is an increase in PER in comparison to Dec 2020 and Jan 2021