After the rapid increase in the ASPI in early January , the market saw rapid de acceleration in February 2021,by around 1500 points with many predicting desaster related to over extended credit and mkt manipulation pump and dump and many other jargon commonly associated with bearish market trends . However the next 4 to 5 months saw the efficiency of the market forces with the solid consolidation on fundamentally strong financially sound performances of many of the strongest counters that have given absolutely remarkable returns for the patient and confident investors who took strong long term positions. 2021 seems the best performing year for the CSE in it’s 30 year history post the introduction of the CDS in 1991.
The exception to most other performing years is the fact that the contribution and success is purely homegrown with more than 30000 active accounts of which 27000 are under 40 age group and that indicates that the new generation has started understanding the art of wealth generation a little different to the traditional safe mode of savings accounts deposits.
