The chairman of the Colombo Stock Exchange (CSE), Dilshan Wirasekera, discusses opportunities for capital raising and the stock market outlook for 2024 in the following interview:
Give us an overview of the current market landscape and discuss the CSE’s overall outlook for the year 2024.
We believe the overall outlook of the CSE, for the year 2024 to be a positive one, which I think mirrors the outlook for the country as a whole. There is a significant recovery in economic activity that we see which is now translating into the capital markets and specifically to the Colombo Stock Exchange.
Notably, the turnover levels of the exchange have experienced a significant uptick from what it was at the beginning of the year. An increase from its daily average turnover (ADT) of around Rs 715 million in January, to the current comparatively more stable Rs1.8 billion ADT in March.
I would like to delve into why performance…
