The Colombo stock market completed its third consecutive month of gain in September helping to erase a fair chunk of the losses suffered in the early part of the year.
The market saw the benchmark ASPI gain by 10% and the active S&P SL20 by 8%. The gains were less subdued than those enjoyed in August and CSE on a year to date basis remains negative. But marking the third month of upward momentum reflects improved investor confidence according to analysts. More importantly, relatively bullish sentiments have helped to erase much of the losses suffered in the early part of the year.
In the first nine months of 2022 the ASPI is down 18.77% and S&P SL20 by 25.23%. This is far better than how CSE was in end June when ASPI down 40% and S&PSL by 45%.
FT