Colombo stock market ends 2020 with 10.5% gain

– Benchmark ASPI recorded a growth of 10.5% in 2020

– 2020 market turnover highest since 2011

– Market Capitalization grown a trillion rupees since 12th May 2020

– Increasing interest among local youth a key feature

 The Colombo stock market yesterday closed 2020 recording a growth of 10.5%, the highest annual increase the index has seen since 2014 and only the 12th occasion the index has seen a double digit percentage growth in CSE’s 35 year history.

 

The Colombo Stock Exchange (CSE) said that 2020 market turnover rose to the highest since 2011 and market capitalisation grew by a trillion rupees since 12 May 2020, when the CSE resumed operations after the first wave of COVID-19 shutdown. The CSE ended 2020 with a market capitalisation of Rs. 2.96 trillion, up 3.8% from a year earlier.

 

The CSE All Share Index ended up 0.39% at 6,774.22 on Thursday, its highest closing level since early January 2016.

 

The more active S&PSL20 dropped by 10.18% during 2020. It gained by 6.57 points yesterday.

 

Turnover yesterday was Rs. 2.9 billion, whilst the year saw an average daily turnover of Rs. 1.9 billion.