Great year for Bourse
Both price indices, the All Share Price Index (ASPI) and the Milanka
Price Index (MPI) reached their highest ever levels during the year.
The ASPI reached its peak on December 1 by recording 2,789.8 points
and the MPI reached its all time high on the same day, recording 3,795.2
points.
The ASPI recorded a gain of 800.2 points or 41.6% during the year,
while the MPI appreciated by 1,260.7 points or 51.4%.
The Telecommunication sector was the largest contributor to the
growth of the ASPI in 2006, with a contribution of 16.7 percentage
points and the diversified sector was the second largest contributor,
with a contribution of 6.1 percentage points.
Dialog Telekom Ltd was the largest contributor to the growth in the
ASPI in 2006, with a contribution of 12.3 percentage points, John Keells
Holdings Ltd was the second largest with a contribution of 6.3
percentage points followed by Sri Lanka Telecom with a contribution of
3.3 percentage points.
The top 15 companies have contributed to 32 percentage points of the
index growth of 41.6%.
The sustained growth of the market price indices has resulted in
Colombo being among the best performing stock markets in Asia for the
6th consecutive year.
The CSE closed the year, registering an average daily turnover of Rs.
436.3 mn. The market capitalisation also increased significantly in
2006. At the end of the year, the market capitalisation was at Rs. 834.8
Bn, an increase of 42.9% from 2005.
Domestic investors continued to drive the market during the year,
although their contribution to total purchases declined for the second
consecutive year.
Domestic investors accounted for 64.7% to total purchases in 2006
compared with 75.8% in 2005.
Foreign investors continued to be nett buyers in the market for the
fifth consecutive year, with net purchases of Rs. 5.3bn, the second
largest nett foreign inflow recorded at the CSE.
Foreign investor contribution to total purchases increased from 24.2%
in 2005 to 35.3% in 2006.
Fifteen listed companies raised Rs. 4.7 bn by way of rights issues,
Rs. 1 bn more than the amount raised in 2005.
The secondary market activity in both corporate and Government debt
was very low. |
