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The Colombo Stock Exchange has permitted Commercial Credit Limited to start trading its shares from the 1st of June.
Accordingly, the finance company will list 218 million of its ordinary voting shares on the Diri Savi Board of the CSE.
Commercial Credit which the listing comes as a way of an introduction will be classified under the [...]
Expolanka Holdings Limited announced that it has decided to allocate 100% of the shares for the retail customers who have applied seeking a stake in its IPO.
Non Retail category investors who have applied up to 71,000 shares will get the full allotment while the rest will be allotted shares subjected to 4 set criteria’s.
Employees of [...]
The Colombo Stock Exchange saw both the ASPI and the MPI dropping, respectively by 27.25 point and 12.97 points to close the day in the red.
However, earlier in the day the market started off on a positive note with speculative counters driving the bourse up.
Retail investors dominated throughout the day compared to institutional and high [...]
Speculative counters drew the market up today thus helping to maintain a positive outlook throughout the trading session.
The ASPI gained 0.20% to close the day at 7,446 points while the MPI gained 0.30% to end the days trading at 6,878 points.
Investor’s interest continued in speculative counters such as Touchwood Investment, Nation Lanka Finance, Janashakthi Insurance [...]
The Colombo Stock Exchange continued its losing trend for the week with ASPI going down by 0.10% to close the day at 7,431 points.
However the more liquid Milanka Price Index moved up 0.06% to close trading at 6,857 points.
Brokers say Interest prevailed on speculative counters during the day.
Investor interest was also seen on counters such [...]
Softlogic Holdings Limited which is planning to go in for a share issue to raise Rs. 4 billion, will open its subscription list for potential investors on the 9th of June.
The listing of the 139 million ordinary voting shares on the Diri Savi Board of the bourse has already been approved by the CSE.
The Company [...]
The Initial Public Offering of the Expolanka Holdings Limited has been oversubscribed by closer to 5 times of the offer with investors seeking 821.65 million shares running up to a cumulative value of Rs. 11.50 billion.
The IPO which was opened on the 12th of May was closed on the same day as it was oversubscribed [...]
The Colombo Stock Exchange saw its main index dipping by 0.54% as the positive start to the trading failed to keep its momentum as the day progressed.
The ASPI closed the day at 7,439 points while the MPI which also declined by 0.39% closed at 6,853 points.
Retail interest was evident towards certain speculative stocks while high [...]
The shares of the Chilaw Finance Limited will be permitted for trading at the Colombo Stock Exchange starting from this Thursday (26th May).
Chilaw Finance Shares would be listed on the Diri Savi Board of the Colombo bourse under the Banks, Finance and Insurance Sector.
Chilaw Finance is listing the company as a way of an introduction.
Related [...]
By. R.M.B. Senanayake:
The Colombo Stock Exchange had allowed broker firms to extend credit up to 50% of the value of the portfolio of a client. The broker firms acted under this rule but they failed to enforce the maintenance margin as is done by broker firms the world over.
When the value of the portfolio falls [...]
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