The Merchant Bank of Sri Lanka (MBSL) Midcap index moved up by 115% from June 1st 2009 to June 1st 2010, indicating strong growth potential for Midcap companies, said MBSL in a press release.
MBSL Bank’s Midcap index provides a clear direction for growth oriented stocks and reached the 10,000 mark, said the company.
The All Share Price Index (ASPI) improved by 122% from June 2009 to June 2010 with the overall market capitalisations improving and more counters getting listed. The Milanka Price Index, which covers the sensitive counters in the market, improved by 121%. The Midcap index has moved up on a lower percentage to the ASPI and Milanka index.
“This is an indication for strong Midcap companies to have growth prospects for the future and from the business opportunities arising from the Eastern and Northern provinces,” said MBSL.
MBSL changed its Midcap Index with effect from January 4th 2010 based on market capitalisation - medium scale entities, liquidity of the stock and profitability during the last two years. |
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