Ceylon Index Fund gains in Q3

The Ceylon Index Fund gained 46.94 percent during the third quarter of 2010 while the Ceylon Tourism fund gained 18.67 percent during the two months of August and September.

The Colombo Top 10 Index gained 51.62 percent during the third quarter while the ASPI gained 51.70 percent and the Milanka Price Index (MPI) gained 43.09 percent during the same quarter.

The Investment Committee of Ceylon Asset Management Company has revised the Colombo Top 10 Index and the Tourism Top 10 Index for the fourth Quarter of 2010, based on Stock Market valuations as at September 30, 2010. These two liquid indices are 95 percent invested (tracked) by the Investment Portfolios of two ‘enhanced’ index funds.

The Colombo Top 10 Index companies had a total market capitalization value of Rs 838 billion as at September 30 covering 36 percent of the entire market capitalization of the Colombo Stock Exchange (CSE).

The Tourism Top 10 Companies had a market capitalization value of Rs 150 billion as at September 30 covering 69 percent of the entire Hotels and Travels Sector market capitalization of the CSE.

The valuation of the Tourism Top 10 Index has improved significantly with the two revisions.