Colombo stocks record highest market cap ever and number of trades within a day

The Colombo Stock Exchange (CSE) recorded two significant milestones on Wednesday --  the market capitalization reaching an all-time high value of Rs. 3.25 trillion and recording 52,559 trades which is the highest number of trades recorded within a market day.

The number of trades carried out surpassed the previous record of 49,921 carried out on 18 August 2011, the CSE said in a media release.

CSE indices and overall market activity continued its upward momentum with both indices showcasing gains and the turnover figure crossing Rs. 9 billion, recording a daily average turnover of Rs. 7.4 billion in eight trading days into 2021.

The Benchmark All Share Price Index (ASPI) gained 160.99 points closing the day on 7,443.23 which is the highest recorded since 21 August 2015, showcasing a gain of 75% since falling to its lowest point in a decade on 12^th May 2020. The S&P SL20 index, which includes the 20 largest and most liquid stocks also increased by 39 points to close on 2,782.17.