Financial Times

CSE best performing market globally

The main price index of the Colombo Stock Exchange (CSE) has recorded exceptional gains during the first month of trading in 2009, the CSE said in a press release.

The All Share Price Index (ASPI) recorded a growth of 16.3% for the year to date, making the Colombo Stock Market Index the best performing index globally, in US Dollar terms. The Milanka Price Index (MPI) too recorded a year-to-date growth of 16.6% on 22nd January 2009, it said.

According to Bloomberg Newswire data, the ASPI has grown by 14.1% for the year to date (in USD) and is placed at the top of 89 Indices tracked by them.

The top 3 best performing indices in the world, as per Bloomberg, records were Colombo, Shanghai and Chile. The CSE also recorded the first listing for 2009 on January 22 with the Second Board listing of Capital Reach Leasing Ltd.

The company listed a total of 20 million ordinary shares on the CSE through an Initial Public Offering (IPO). The shares traded within a price range of Rs. 18 and Rs. 36 during the first three hours of trading on Thursday.


 
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