CDS account openings up by 63% since digitalization | Daily News

CDS account openings up by 63% since digitalization

The Colombo Stock Exchange (CSE) has demonstrated noteworthy performance recording consistent gains in the All Share Price Index of 31% and S & P Index of 27% since reopening on May 11, 2020. Sri Lanka is one of the markets that has recovered the fastest from the impact of the Coronavirus pandemic in comparison to countries in the Asia Pacific region recording positive price returns in US Dollar terms.

This reflects the strong confidence the investors have placed in the market and the future economic growth of the country. Significant contributions to turnover has been recorded in Colombo, Gampaha, Kandy, Kurunegala, Galle, Kalutara and Matara districts.

Local investors have recognized the potential in the market especially in terms of attractive market valuations and growth potential of Sri Lankan listed companies and contributed to approximately 68% of the total market turnover. The CSE has also noted a significant increase of over 63% in Central Depository System (CDS) account openings since the digitalization of the end-to-end operations of the market on September 17, 2020.