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Hydro Power Free Lanka Limited is planning to raise Rs. 350 million via an IPO to expand the Company’s operations.
The money once raised will be used to build 4 mini hydro power plants with a generational capacity of 5.37 megawatts.
The Company will issue 35 million shares at a price of Rs. 10 per share and will [...]
The market saw making losses today with both the ASPI and MPI sliding down.
ASPI lost 1.34% and closed at 6770.4 points while the MPI closed at 7412.94 points by losing 1.44% for the day.
Turnover recorded a figure of Rs. 2.60 billion while the net foreign outflow owing to more foreign selling figured a sum of [...]
The All Share Price Index and the Milanka Price Index continued its downward trend today as the market saw profit taking across the board.
ASPI lost 1.39% to close at 6991 points while the Milanka lost 1.38% to close at 7,679.
Banking sector counters witnessed price depreciations.
Participation from both retail and institutional investors were seen today with [...]
The ASPI was down by 58.08 points to end the day on 7089 points while the MPI lost 41.47 points to close the day at 7787 points.
Profit taking was seen on the Banking Sector counters such as Seylan Bank and HNB and also on some blue chips such as the JKH and Hayleys.
Both Retail & [...]
The Colombo Stock Exchange saw the All Share Price Index surpassing the 7000 points mark today and closing at 7,147.77 points while the MPI ended the day at 7,829.05 points.
Meanwhile the week that ended today saw its turnover recording a sum of Rs. 21.98 billion compared to Rs. 22.5 billion witnessed during the last week.
The [...]
Citizens Development Business Finance Limited today announced that it will list the company in the Diri Savi Board of the Colombo Stock Exchange.
Accordingly the company will list 39.68 million of shares owned by its shareholders at the CSE.
CEO of the CDB Mahesh Nanayakkara said the move is aimed at meeting regulatory requirements and support future [...]
The Colombo Stock Exchange once again performed well today with both indices making gains.
ASPI gained 0.97% to close at 6997.22 points while the MPI saw an increase of 2.79% to close the day at 7552.70 points.
According to the analysts, investor interest was on sectors such as Banks, Plantation and also the power sector which they [...]
Bartleet Mallory Stockbrokers yesterday advised its clients to withdraw funds from counters trading with high multiples and invest on fundamentally healthy stocks.
Speaking to us last evening the Managing Director of BMS R. Muralidaran said that they have requested their clients to “Be on value counters wherever possible”.
He also wants investors to get advice from the Brokers [...]
The Colombo Stock Exchange recovered today following a dip experienced during the last 2 trading days.
Keen interest was seen on Land and Property Sectors which witnessed a lull for a considerable period.
Interest was also evident towards Power, Insurance, Food and Beverage sectors.
The ASPI gained 84.13 points to stand at 6929 points while the MPI ended [...]
The Securities and Exchange Commission has imposed Price Bands on the shares of 4 companies trading at the CSE based on the latest formula that tracks irrational price movements.
Accordingly the price bands have been imposed on share trading of Vallibel Finance, Lake House Printers, Bogala Graphite and Metropolitan Resource Holdings.
Vallibel Finance was the first to [...]
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