Air Arabia cancels flights to Mattala from May Air Arabia, the first foreign carrier to operate...
Sri Lanka recommences train services in a section of the Northern Railway Sri Lanka on Tuesday recommenced train services on...
Sri Lanka’s Colombo Stock Exchange has admitted Arrenga Capital (Pvt) Limited to function as a trading member in the bourse.
Accordingly, Arrenga Capital will start trading securities in the Automated Trading System of the CSE from the 21st of this month.
With Arrenga’s entry, the number of stock brokers in the CSE runs up to a total [...]
Sri Lankan Stock Exchange has imposed a “minimum “and a “maximum” cap on the fees a listed firm will have to pay for the Central Depository System when they execute a transaction on the Automated trading system.
Accordingly, per annum, the minimum amount a listed firm will have to pay for CDS is Rs. 10,000 while [...]
Sri Lanka’s Capital Trust Securities has been ranked as the number 01 stock brokering firm by the CSE with the highest net capital, announced the Company.
The company announced that it has been able to become the number one brokering firm in terms of turnover of shares transacted, turnover of brokerage fees and number of transactions [...]
The Colombo Stock Exchange recovered slightly today, after experiencing negative performance during the 1st three days of trading during this week.
ASPI gained 0.55% while the MPI fetched 0.47%.
The recovery was backed by the retail investor participation while institutional investors were engaged in selective buying.
Price gainers dominated the day with 146 counters appreciating in prices while [...]
The Securities and Exchange Commission say starting from the 15th of March any public offering of shares should allocate 40% of the offered shares for the retail individual investors.
This move, the SEC says is aimed at ensuring fair play in such offers made by Companies.
The SEC has observed that recent IPO’s were heavily oversubscribed due [...]
Kotagala Plantations PLC has decided to dispose the 6 million ordinary shares it holds in the Agarapatana Plantations Limited to Lankem Developments PLC.
This share amount represents 7.83% of the Agarapatana plantations and the value of this sale, if goes through will run up to Rs. 150 million.
Kotagala plantations PLC said the selling will take place, [...]
Sri Lanka’s Colombo Stock Exchange has approved the entry of “New World Securities Private Limited” as a trading member.
Accordingly, the new stock broker will start trading securities with effect from the 10th of March, 2011.
With the latest addition, the total number of Stock brokering firms operating in the Colombo Stock Exchange runs up to 26.
Meanwhile [...]
Sri Lanka’s Free Lanka Capital Holdings, which is planning to raise Rs. 1.5 billion via an IPO says it will use the money to expand its energy business and also venture into leisure and real estate sectors.
Free Lanka Capital Holdings, who is already operating 2 mini-hydro power plants and in the process of building another [...]
Stock Brokers today announced that the CSE performance has fallen by 352.06 points or 4.05% month to date indicating that the market has turned into a buyers market.
In this backdrop, the Bartleet Mallory Stockbrokers advised its investors to accumulate fundamentally healthy stocks, taking into consideration the current market situation.
Meanwhile the CSE trading was on negative [...]
The Overall market sentiment at the CSE was dreary today with both indices ending in the red.
The ASPI depreciated by 82.17 points or 1.07% to close at 7,582 and the MPI depreciated by 13.55 points or 0.19% to close at 7,015 points.
The market saw participation by both the retail and institutional investors during today’s trading.
119 [...]
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