The Market Capitalisation of the Colombo Stock Exchange (CSE) crossed Rs. 3 Trillion for the first time in the history of the Exchange. At the close of trading today Market Capitalisation was at Rs.3, 006.7 Billion. The Market Capitalisation measures the market determined value of all listed voting shares.

This exceptional performance comes in the wake of a series of positive achievements for the CSE over the past few months with the ASPI crossing the 7000 mark in August and the S&P SL20 crossing the 3500 mark in June this year (for the first time since its launch in 2012).

During the course of 2014 there have been five Equity IPO’s, one Equity Introduction and six Debt IPO’s. The five equity IPO’s raised a total of Rs. 2,693.8 Million, the highest since 2011.

The market is also performing positively in comparison to regional markets, being within the top six best performing markets in the region, with the ASPI showing a year to date growth of 21.1 per-cent and the S&P SL20 showing a year to date growth of 22.2 per-cent.

“The performance of the CSE over the past few months is a clear indication that confidence in the market, from both foreign and domestic investors, is growing. The CSE along with the Securities and Exchange Commission have ensured a competitive market which is strictly regulated and therefore attracts both savvy investors and high value companies,” CSE Chairman Vajira Kulatilaka said.

“The Foreign Investor Forums conducted by the CSE and SEC in the past year in Singapore, London and most recently New York, have informed international investors of the value proposition in the Sri Lankan Capital Market and thereby attracted foreign funds which have contributed positively to the performance of the Market,” CSE CEO Rajeeva Bandaranaike