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The All Share Price Index (ASPI) of the Colombo Stock Exchange (CSE) yesterday recorded its highest level in its history reaching 1530.9 points. The ASPI which started at 1506. points moved up by 24 points to close at 1530.9 points.

Stockbrokers said that the market was dominated by the travel and tourism sectors and the tumbling yesterday was a sign that in spite of economic hiccups, the tourism and earnings the corporate sector are continuing to make significant progress.

The ASPI of the CSE has recorded a gain of 468.8 points (44.1%) so far for the year 2004 becoming the best performing stock market in Asia and one of the best performing markets in the world.

The ASPI recorded a growth of 1127.3 points (279.3%) from October 2001 to date. Local investors were the main contributors throughout the period.

The Matara and Kandy Branches of the CSE have contributed approximately 15% of the total turnover.

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