Post Ceasefire Agreement Boom
After witnessing mediocre performance throughout the 1990s mainly due to the Sri Lankan Civil War, the ceasefire agreement signed in 2001 saw unprecedented growth in the both indices of the CSE. The All Share Price Index, which was hovering around the 500 mark in August 2001, has surpassed the 2000 mark after that.
This led CSE to be consistently dubbed as one of the best performing markets in the world. As of 2005 the CSE had recorded a consistent annual growth of over 30% in the All Share Price Index (ASPI) for the previous three years. It surpassed that in 2006, with the ASPI growing by 41.6 %, and the MPI growing by 51.4% during the calendar year. CSE recoded the highest point in history on 26th February 2007. Milanka Price Index (MPI) reached 4,214.8 points on that day.
Buoyed by improved investor confidence due to positive political developments and strong corporate results the CSE continued to achieve strong growth in 2007, as the ASPI surged passed the 3,000 mark for the first time in its history on February 13, reaching a record high for the seventh consecutive day. The CSE has also recorded an average daily turnover of Rs. 776.8 million for 2007.
Read more about this topic: Colombo Stock Exchange
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“No one can doubt, that the convention for the distinction of property, and for the stability of possession, is of all circumstances the most necessary to the establishment of human society, and that after the agreement for the fixing and observing of this rule, there remains little or nothing to be done towards settling a perfect harmony and concord.”
—David Hume (1711–1776)
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