Thursday: Colombo Stock Exchange

Colombo Stock Exchange gained 0.42-pct during today’s trading thus resulting in ASPI closing the day at 6489 points.

Foreigners were net buyers, while foreign participation accounted for 27-pct of the day’s turnover.

Foreign inflow during the day recorded a figure of Rs. 219 million.

There was a crossing on United Motors.

The day’s turnover was recorded at Rs. [...]

Sri Lankan Hotelier casts doubts on the classification of ‘tourist’ arriving in the country

A Sri Lankan Hotelier says though the country received one million tourists during the year 2012, the impact of same was not felt by the star class properties.
Chairman of the Pegasus Hotels of Ceylon D. C. R. Gunawardena in his statement made to the company’s 2012 – 2013 annul report reveals that the influx of [...]

Wednesday: Colombo Stock Exchange

Colombo Stock Exchange ended the day on positive territory with ASPI gaining 0.31-pct to close the index at 6462 points.
The day’s turnover recorded a sum of Rs. 766 million with foreign participation accounting for 26-pct of the turnover.
Foreigners were net buyers during today’s trading with a net foreign inflow recording a figure of Rs. 308 [...]

Sri Lanka based MillenniumIT appoints a new CEO

Sri Lanka based MillenniumIT, a unit of London Stock Exchange Group has appointed John Mackay (Mack) Gill as its new CEO, announced the firm in a media release.
Mack Gill joins MillenniumIT from global technology group, SunGard Data Systems Inc., where he was Senior Vice President, Corporate Development & Strategy.
Mack who will be based in Sri [...]

Sri Lanka’s Senkadagala Finance’s Rs. 1 billion debt issue oversubscribed

Senkadagala Finance PLC’s issue of listed debentures to raise Rs. 1 billion has been oversubscribed, announced a market disclosure by the firm.
Accordingly, the company which opened the subscription list on Tuesday has closed it on the same day at 4.30 pm.
The finance firm initially only planned to raise Rs. 500 million via this offer, but [...]

Tuesday: Colombo Stock Exchange sees active foreign participation

Colombo Stock Exchange saw losing by 0.39-pct during the day’s trading with ASPI closing at 6442 points.
The turnover for the day recorded a sum of Rs. 2.19 billion, an increase of 71.1-pct.
Commercial Bank was the top contributor to the turnover with a sum of Rs. 706 million.
5.6 million shares of the ComBank were traded during [...]

Sri Lanka relaxes rules on Unit Trust Industry

Sri Lanka’s Monetary Board has approved the inclusion of investments in Glit Unit Trusts by Licensed Commercial Banks and Licensed Specialized Banks under the definition of “liquid assets“subject to several conditions.
Among the conditions imposed are, Glit Unit Trusts (GUTS) should be opened ended trusts, underline investment portfolio of GUTs should always be Sri Lankan Government [...]

Sri Lanka plantation group appoints new Chairman

Sri Lanka’s Watawala Plantations PLC has appointed Sunil G. Wijesinha as its new Chairman with effect from 20th May, 2013, announced the firm in a stock market disclosure.
The appointment comes as the plantation group’s longstanding Chairman Govindasamy Sathasivam retiring from the post with effect from 20th May.
He will remain as a director of the company.
Meanwhile, [...]

Monday: Colombo Stock Exchange makes gains

Colombo Stock Exchange ended the day on positive territory with ASPI gaining 1.35-pct while the turnover for the day stood at Rs. 1.28 billion.
Foreigners were net buyers of the day with net foreign inflow recording a sum of Rs. 288 million.
Foreign participation accounted for 16-pct of the day’s turnover.
Crossings were witnessed in Royal Ceramics and [...]

Sri Lanka to hold an investment forum in Dubai

Sri Lanka will hold an Investor Forum in Dubai during the month of June in a bid to attract investors to the Island nation.
The event which will be held on the 3rd of June at the Ritz-Carlton of the Dubai International Financial Center is organized by the Colombo Stock Exchange in association with Bloomberg.
Deputy Minister [...]