According to the latest data released by the Colombo Stock Exchange the total market turnover in April 2021 has witnessed a growth of 29.43% compared to the previous month.
The debt assurance of the Ceylon Electricity Board and the Initial Public Offering of Chrissworld Ltd, the first company to list in the empower board of the CSE and the extremely successful IPO of Sri Lanka’s largest renewable energy provider Windforce Ltd have been shown to have contributed significantly to the recorded growth of the primary market. Both the CEB debt assurance & Chrissworld IPO were oversubscribed in the very first day with each recording LKR 20 billion and 56.25 million respectively.
The Chief Executive Officer of the CSE, Rajeev Bandaranaike went on to express his happiness in the confidence the investors and issuers have placed in the capital market and hopes that in the future other companies would take similar measures and gain the benefits of the stock market. This was reflective of the performance of local investors as the domestic turnover had increased by 64% valuing at LKR 53 billion.
The All Share Price Index closed at 7208.20 while the S&PSL20 index closed at 28699.25 with the Average number of trades being recorded at 22037 with a market capitalization of 3.2 trillion.
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