Avurudu at its best for CSE

The Colombo stock market saw sharpest gain year to date in April thanks to rebound in investor sentiment over prospects for listed equities.

April saw the benchmark ASPI gaining by 8% and the active S&P SL 20 higher by 11.2%. This boosted the year to date return from capital markets further with ASPI up 16.04% and S&P SL20 by 20.26%. The market capitalisation of CSE has gained by 15% to Rs. 644.9 billion to date. The Market P/E by the end of April was 10.66 times as against 11.10 as at end December 2023.

In March ASPI and the S&P SL20 gained 7.4% and 9.2% respectively

Average daily turnover in April too improved to  Rs., 2.72 billion, up from Rs. 1.8 billion in March and Rs. 1.7 billion in February and Rs, 715 million in January.

The CSE saw a net foreign inflow of Rs. 23 million though year to date it is an outflow of Rs. 7.9 billion. In 2023 the net outflow was Rs. 4.3 billion.

In 2023 ASPI gained 25.5% and S&P SL20 by 16.4%.