According to the latest information released by Softlogic Stock Brokers the Colombo Stock Exchange became the highest gainer globally for the month of August and the 2nd best performer year-to-date with a 40% discount to peers.
Thanks to a strong Twelve Trailing Months (TTM) the CSE managed to secure a market capitalization of just over LKR 4 trillion and the All Share Price Index (ASPI) surpassed 9000 points.
The market traded at a 40% discount with peers to the MSCI frontier market index and a 37% discount price to book value basis. The market was able to retain these discounted rates trading at PER of 10.9 times.
ExpoLanka Holdings, LOLC Finance, Hayleys Group, Dipped product, and Royal Ceramics contributed to elevating the CSE’s position as the high turnover generators.
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