The 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.
Financial markets have been climbing on the back of monetary loosening after a severe battering in 2008.
US loosening has also increased the risk appetite of hedge funds, which have renewed purchases of Sri Lankan Treasuries, after credibility in a dollar peg was restored following a float of the currency.
Stocks are now climbing with 12-month inflation below 1.0 percent, but with excess liquidity in interbank markets and lower than usual interest rates.
There are so many possibility to have another record in next week since the investments are still inject in to the market.
In global concern with the trends, the Sri Lankan Stock market could be the best Investment option in all time in history of Stock market. Increase in investor credibility, high gains and secure economic environment and political seen making the Investment solid than other investment options.
Kosala Dissanayake
Investment Advisor to Stock market
Colombo stock exchange.
0094777696243
No comments:
Post a Comment