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Indexes closed lower on Tuesday, led by a slide in tech stocks. The Nasdaq dropped almost 2%, while the Dow lost more than 150 points. Data showed strong growth in the services sector last month ...
The market's positive open follows four consecutive days of losses in the final trading days of 2024. Still, the S&P 500 surged 23% to notch back-to-back annual gains of over 20%.
It is based on market capitalisation. Weighting of shares is conducted in proportion to the issued ordinary capital of the listed companies, valued at current market price (i.e. market capitalisation). The base year is 1985, and the base value of the index is 100. This is the longest and the broadest measure of the Sri Lankan Stock market.
The stock market's record-breaking run could spell bad news for investors in 2025, a research firm says. Use any market correction to load up on Magnificent Seven stocks, the "Dean of Valuation" said.
The Colombo Stock Exchange Sector indices are a set of sector based price indices in the Colombo Stock Exchange. The Colombo Stock Exchange (CSE) is the main stock exchange in Sri Lanka. In addition to the CSE Sector indices the Colombo Stock Exchange has two main price indices: the All Share Price Index (ASPI), and the S&P Sri Lanka 20 (S&P SL20).
In identifying that the loss of confidence may be in part due to the inherent weaknesses in the Colombo Stock Exchange's indices, CSE partnered with Standard & Poor to develop S&P SL20 Index, as an equity benchmark, set according to global standards, that will help investors gauge the performance of the Sri Lankan equity market.