(News360.lk) A Sri Lankan stock broker advise investors to select stocks which will hold or preserve their value as the Colombo Stock Exchange continues with its downward trend with the main index declining by 10% so far this year.
Murtaza Jafferjee of JB Securities speaking to News360.lk said,”I encourage investors who did not have an equity [...]
January 26, 2012 11:11 AM | Posted in
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Sri Lanka’s Securities and Exchange Commission has granted a 6 month extension for shareholders to lodge their share certificates in the Central depository system.
SEC announced that this is in pursuant to one of its directives issued during November 2010 on dematerialization of listed securities.
In a letter sent to the Central Depository System of the Colombo [...]
January 24, 2012 11:35 AM | Posted in
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Sri Lanka’s Renuka Agri Foods has purchased 76% of the issued share capital of Richlife Dairies Limited for a sum of Rs. 505 million.
The listed Renuka Agri Foods, a sub-subsidiary of Renuka Holdings PLC announced this move via a stock market filing issued today.
Richlife Dairies Limited is a firm engaged in manufacturing of milk products [...]
Both indices of the Colombo Stock Exchange fell to their lowest level since August 2010 with the ASPI dropping by 2.04% to stand at 5,663 range while MPI dropping by 2.14% to end at 4,811 points.
“The ASPI is currently hitting oversold levels and we could see a slight rebound coming into the markets” added the [...]
January 23, 2012 6:19 PM | Posted in
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The Chairman of the London Stock Exchange Chris Gibson-Smith is currently on a visit to Sri Lanka.
This morning he held a meeting with the Central Bank governor Ajith Nivard Cabraal at his office.
He was accompanied by Tony Weerasinghe, CEO of the Millannium IT, a Sri Lankan technology firm recently acquired by the London Stock Exchange.
Purpose [...]
January 23, 2012 5:14 PM | Posted in
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Sri Lanka’s Central Finance Company Plc’s proposed senior debentures of up to Rs. 600 million has been offered a national long-term rating of ‘A+(lka)’, by Fitch Ratings Lanka.
Fitch says, the issue is rated at the same level as CF’s national long-term rating of ‘A+(lka)’ which has a stable Outlook.
The agency says, this is in compliance [...]
January 20, 2012 6:05 PM | Posted in
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Fitch Ratings Lanka has maintained Ceylease Financial Services Limited ‘BB+(lka)’ National Long-Term rating on Rating Watch Evolving, pending final details of the intended merger of the firm.
The Rating firm says the “Rating Watch Evolving” reflects the uncertainty surrounding the final details of the intended merger of the firm, the profile of the merged entity, and [...]
January 20, 2012 12:35 PM | Posted in
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Blue Diamonds Jewellery Worldwide PLC has decided to incorporate a subsidiary company in Singapore to carry out retail business including internet sales, in addition to supplying for key buyers.
A stock market filing issued by the firm notified that it will join with ECL Soft (Private) Limited to form the subsidiary firm.
Both firms will have equal [...]
Sri Lanka’s weekly treasury bill auction held today saw the short term 3 month rate coming down by a basis point from last weeks rate to stand at 8.67% while the 6 month and the one year rates stood steady as the previous weeks rates.
The six month yield remained at 8.71% while the one year [...]
January 18, 2012 3:00 PM | Posted in
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Businessman Harry Jayawaradena who was holding a Board position at the Hatton National Bank for over two decades has vacated his post with effect from 31st December 2011.
HNB in a stock market filing said, “Jayawardena is deemed to have vacated his office as a Director of HNB after having completed his term of office”.
He has [...]
