All indexes recorded its highest yesterday. The CSE All Share Price Index (ASPI) recorded 6131.2 up by 1.8 percent for the day and the Milanka Price Index (MPI) recorded 6435.3 up by 2.5 percent.
The daily turnover accounted for Rs 4.3 billion, Colombo Stock Exchange Business Development Manager Thushara Jayaratne said. Speaking to the Daily News Business Capital Trust Securities Director Sarath Rajapaksa said the performance of the stock markets is extremely encouraging.
The investors are confident about country’s stability. Another reason was the diversified conglomerate of the market. More and more Foreign Direct Investments (FDI) and capital market activity funds will come into the country.
“Sri Lanka is now heading towards a sustainable long-term development plan. We expect that ASPI will reach 7,000 very soon and the MPI will also follow,” Rajapaksa said.
The hotel sector, plantation, manufacturing, construction, real estate shares performed well, while the other sectors of the board also presented commendably. The demand for land will increase further as investors are much keen on setting up houses, businesses, offices and shops.
“The decision taken by the Government to reduce the interest rate to a single digit is a significant indication. The savings mindset of people has now slowly changing into an investment mindset, which is a good signal. Access to affordable credit is key for development and bankers will have to bear it with the reduced interest rates,” he said.
source - www.dailynews.lk
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