SRILANKA TODAY

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Tuesday, October 6, 2009

Share Market Capitalization top a record Rs. 1 trillion in history


Share Market Capitalization top a record Rs. 1 trillion in history


Market Capitalization reached Rs. 1 trillion (1000 billion) today, for the first time in the history of the Colombo Stock Exchange. The benchmark index rose 1.4 percent in the first half hour of trading to a new record high.
Reuters announced yesterday that the Colombo Stock Market (CSE) is the best performing stock market in the world for the year to date. In the flluctuating pattern this morning, Colombo is now the world's second best performing market up 109.88 percent from the beginning of the year, just behind the Lima General Index in Peru, which is up 110.73 percent up so far this year, according to Bloomberg Newswires data.In third place is Russian RTS Index, up 94.21 percent, with Ukraine in fourth place, up 92.46 percent. Bombay's Sensex is up 75.9 percent