Sri Lanka‘s Colombo Stock Exchange records 105.8 million foreign purchases in 2014

Jan 01, 2015 (LBO) – Sri Lanka’s Colombo stock exchange (CSE) has reported 105,812. 5 million rupees of foreign purchases as at 31st December 2014, the CSE said in a media release. In 2014 the S&P SL20 crossed the 4000 mark for the first time since its launch, market capitalization reached 3 trillion rupees closing the year on 3, 104.9 million and the All Share Price Index (ASPI) crossed the 7500 mark and closed the year on 7, 298.95 million rupees.

The daily average turnover increased by 71 percent over the previous year from 828 million rupees in 2013 to 1.415 billion rupees in 2014.

There is wide spread interest among overseas institutional investors as indicated through the Capital Market Conference held in October; which showcased the multifarious sectors of the capital market to over 80 International Institutional Fund Managers and over 250 local industry participants. CSE said in a media release.

The CSE said it also held investor forums in Singapore, London and New York in association with the Securities and Exchange Commission of Sri Lanka.

CSE said, the primary market remained active during 2014 with over 77. 7 billion rupees being raised throu