The All Share Price Index reaching another all-time high is a shot in the arm for the capital market and a fresh impetus to investors seeking to make good of a market which is on an upward trajectory.
The CSE All Share Price Index (ASPI) reached an all- time high of 9,064.1 points on Friday (27) and settled back at 8,955.0 which is still higher than the historic records. The Index increased by 10.6 points (+0.1%) to close at 8,931.3 whilst the S&P SL20 Index also increased by 28.0 points (+0.8%) to close the day at 3,355.1.
Browns Investments, Dialog Axiata, SMB Leasing, Commercial Leasing and Finance and LOLC Finance remained as the top positive contributors to the ASPI during the day.
The market’s total turnover stood at Rs. 16,487.1mn against the 12-month average daily turnover of Rs. 3,588.9mn, whilst the volume traded for the day was 648,612.2k against the 12-month average daily volume of 197,188.8k. Expressing optimism of a steady market growth stockbrokers commended the CSE performance last week amid the current local and global conditions.
Mahesh Udugampala of Softlogic Stockbrokers (Pvt) Ltd. said the achievement in the daily turnover on Monday (23) followed by the all-time high record of ASPI will give a fresh boost to the market.
The market turnover of Rs. 10.8 billion recorded on Monday (23) was the highest since Rs. 23.8 billion recorded on February 1 this year.