CSE Shows Noteworthy Growth In April 
Posted 6,May

By Chaveendra Dunuwille

In Local News

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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.