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Nation Lanka Finance PLC has listed 49,982,562 shares in the Colombo bourse, under its plans to raise Rs. 499 million via a rights issue.
Proportion of the rights issue is 1 to 4 and the company has priced a share at a consideration of Rs. 10.
Nation Lanka Finance PLC is engaged in the business of providing [...]
Colombo Stock Exchange’s main index fell by 2.20% while its Milanka Index which represents the most capitalized 25 firms of the bourse also went down by 2.23%.
Brokers say, the market was also impacted by the recent fuel price hike by the government which drew heavy protest from the fisheries community and the private bus operators [...]
Sri Lanka’s Seylan Bank Plc has earned a profit after tax of Rs. 1 billion during the financial year 2011, a drop compared to Rs. 1.22 billion achieved a year before.
However, the Bank says the billion rupee profit for the year 2011 was achieved after it incurred Rs. 698.7 million on a voluntary retirement scheme, [...]
Sri Lanka’s Access Engineering Limited is planning to raise Rs. 500 million via an IPO by listing the firm in the Colombo Stock Exchange.
CSE in a circular issued today announced that the engineering firm will offer 20 million ordinary shares, each priced at Rs. 25 to raise the proposed sum.
Ordinary voting shares of the company [...]
Sri Lanka’s Securities and Exchange Commission is currently in the process of seeking public views towards modernizing its act and to bring in more powers to deal with capital market offences.
Accordingly, the SEC has published three consultation papers on its website outlining the proposed amendments to its act.
SEC requests the public to go through the [...]
Sri Lanka’s weekly Treasury bill auction held today saw the short term three month rate climbing to 9.24% from the previous weeks 8.68% while the 6 month yield moving up to 9.26% from last weeks 8.71%.
The one year rate rose to 9.88% from the previous weeks 9.30%.
The auction was oversubscribed with bids amounting to Rs. [...]
(News360.lk) Sri Lanka has decided to permit foreign owned companies registered under the market regulator as “margin providers” to lend credit to investors of the Colombo Stock Exchange.
Central Bank says this move will help develop the business of margin providing and also increase market activity by helping investors to have more access to finance.
Sri Lanka’s weekly Treasury bill auction saw the short term 3 month rate moving by a just basis point from the previous week’s rate to stand at 8.68%.
The six month and the one year tenor bills stood at 8.71% and 9.30% respectively, same as the previous week’s rates.
The auction has received Rs. 20.50 billion [...]
Colombo Stock Exchange started the trading week by making gains as the ASPI moved up by 0.53% to end the day at 5,755 point range.
The momentum was led by the Banking sector.
MPI gained 1.11% to end the day at 4,976 range while the days turnover recorded a figure of Rs. 1.4 billion, a drop of [...]
Sri Lanka’s Colombo Stock Exchange saw making gains for the second consecutive day with the ASPI moving 0.65% to end the day at 5,592 points.
Milanka Price Index gained 0.43% to close trading at 4,758 points.
JKH and Commercial Bank shares saw massive foreign investor interest resulting in the net foreign inflow recording over a billion rupees.
There [...]
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