SL stock market sees over 35-pct growth under new Government
- 5opn1
- December 24, 2024
- Business News
- SL stock market sees over 35-pct growth under new Government
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Sri Lanka’s main stock index in the Colombo Stock Exchange has seen more than 35 percent growth and the daily turnover has more than doubled since the presidential election and analysts cites the return of confidence as the key reason.
The main All Share Price Index (ASPI) has gained 35 percent since Anura Kumara Dissanayake was elected as the president through December 23 close, the official data showed.
The average daily turnover, which was 1.49 billion before the September 21 election has more than doubled to 3.74 billion rupees after the election.
“More than the election, it is about uncertainties going out of the window,” Dimantha Mathew, Chief Research & Strategy Officer at First Capital Holdings PLC,said. .
