Bull In The Bourse

(From L-R) Hussain Sadique –Chairman, SLRA / Group Director, Hameedia, Mano Tittawella –Senior Advisor, Ministry of Finance & Media, Ajith Amarasekera- Director, SLRA / CEO Swarnamahal, Leonard Michael Perera, Founder Convenor & Head of Business, SLRA Dinesh Perera-Director, SLRA / Deputy Director, Abans

The Colombo stock market is trading close to historic highs, leaving brokers and analyst guessing as to how long the Bull Run can be sustained.
Market watchers say there are still good buying opportunities in the Colombo bourse but had varying views on how long the run will last.rn

rnMost analysts who are closely watching developments in the peace process and the political front have re-rated the market upwards, expecting earnings to shoot up next year.rn

rnMarket capitalisation or the total value of all stocks listed in the Colombo Stock Exchange (CSE) have almost doubled during the first nine months of the year, making Colombo one of the most attractive markets in the region in terms of growth.rn

rnThe benchmark All Share Price Index (ASPI) that tracks the price movement of all listed stocks is up nearly 60 percent for the year.rn

rnBut foreign investments have been slow to come in. Some Market players however, dont mind this too much. rn

rnldblquote Domestic markets must be