ECONOMYNEXT – The Colombo Stock Change All Share Price Index (ASPI) hit a record high today breaching the 14,000 mark.
The index has been steadily rising since November.
Market participants have said that local high networth individuals and institutions were taking positions in anticipation of company profiles improving.
Investor interest in banking stocks led the charge originally amidst expectations of the successful completion of the international sovereign bond restructuring.
Then interest was seen in companies with exposure to the automotive industry on the anticipated lifting of the vehicle import ban. Diversified financials saw stock prices rising.
Tourism and construction industries have also attracted investor interest amidst promising tourist arrivals and increasing projects respectively. (Colombo/Dec12/2024)
