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 12th 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.
A Sri Lankan man was apprehended at Suvarnabhumi airport for attempting to smuggle wildlife out of the country after three ball pythons were found hidden in his underwear, the Bangkok post reported.
The UK government has unveiled a package of reforms to simplify imports from developing countries which allows for more garments manufactured in Sri Lanka to enter the UK tariff-free.
Read these and more on tomorrow’s edition of the Sunday Times
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