Prospects of MBSL Midcap Index stocks is increasing trend

Tuesday, 18 June 2013 00:00 - - {{hitsCtrl.values.hits}}

The MBSL Midcap Index increased by 9.18% over the five month period from beginning of January 2013 to end of May and the All Share Price Index (ASPI) which is increased by 14.50%

In a pioneering move, MBSL constructed a stock market Index: the “MBSL Midcap Index”, which measures the aggregate price level and price movements of medium sized companies listed on the Colombo Stock Exchange (CSE). There was no index to measure the price movement of medium sized companies listed on the CSE. The MBSL Midcap Index filled this vacuum.

The index which came into operation in the Year 1999 is revised annually and looks at the middle range market capitalisation, liquidity and the profitability of the firms to be included in the Midcap Index.