January 01, Colombo (LNW): The Colombo Stock Exchange (CSE) has experienced a remarkable surge in 2024, with a growth rate of 49.66 per cent, marking one of the most significant performances in recent years.
The All Share Price Index (ASPI) saw a substantial increase, climbing from 10,654.16 to an impressive 15,944.61 points by the close of the year.
This strong upward trajectory highlights a robust recovery and growing investor confidence in Sri Lanka’s stock market.
This exceptional growth has also contributed to a new milestone for the market capitalisation, which has reached an all-time high of Rs. 5.69 trillion.
This surge in value reflects the optimism surrounding Sri Lanka’s economic prospects, as well as the continued resilience of key sectors in the country’s financial terrain.
Analysts have attributed this growth to several factors, including a favourable business environment, improved corporate earnings, and increasing foreign interest in the Sri Lankan market.
The surge has also been driven by a combination of local investors capitalising on stock opportunities and a favourable outlook for the economy, which has contributed to a broader sense of confidence in the market’s potential.
