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Wednesday, 31 December 2014
A look back at Colombo Stock Exchange (CSE) in 2014
Equity markets closed for the year 2014 in the green with both indices recording Y-o-Y gains. The ASPI increased 1,386.17 points (or 23.44%) to close at 7,298.95 points; the S&P SL20 Index meanwhile gained 25.29% (or 825.27 points) to close at 4,089.14 points.
Sri Lanka Equity markets through 2014 gained considerably relative to 2013, due to number of various elements. The low interest rate environment and a rebound in macro-fundamentals have helped markets rally significantly, particularly since June 2014. The benchmark ASPI crossed the 7,500 mark for the first time in 31/2 years, while market capitalization surpassed LKR 3.0 Trillion for the first time in history.
During 2014 investor sentiment gathered reasonable momentum largely due to strong foreign and local institutional buying. YTD net foreign inflows to the Bourse, have totalled LKR 22.07 Bn. (Click below Link to find 2014 Daily Summary)
During 2014 there were 8 new entrants to CSE and 3 companies were de-listed which left the 293 public quoted companies were on CSE as at 31st December 2014. (see below Table)
During year 2014, CSE witnessed 13 Rights Issue announcements. (see below Table)
In 2014 Sengadagala Finance PLC was the only one company issued shares by way of Capitalization of Reserves. (see below Table)
United Motors PLC and Serendib Engineering Group announced Sub Division of Shares in 2014. (see below Table)
During 2014 191 Public Quoted Companies in CSE declared dividend. (Click below Link)
Quote for the day
“We fear rejection, want attention, crave affection and dream of perfection.” - Ziad K. Abdelnour
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