The Colombo Stock Exchange (CSE) said this week that the exchange has witnessed a number of stocks appreciating in price during the first few months of this year.
Nearly 87 stocks showed an increase in price of over 5 per cent of which nearly 28 stocks have shown a price appreciation of 25 per cent. Similarly stocks within the S&P SL20 index have seen seven stocks appreciate in price by an excess of 5 per cent.
According to the statement, despite current market volatility in the stock market, daily average turnover so far in 2015 is proving to be better than 2014. “Market conditions are expected to improve further, with changes to the political landscape anticipated during the latter part of the year,” it said, adding that investors could look at investing in the stock market prudently, and not be dissuaded by volatility. Investors should see current market conditions as an opportune environment to enter the market and grow their capital in the longer term.