NDB brings in a new Director

National Development Bank has appointed Businessman Asoka Pathirage as a Director of the Bank.
The appointment is effective from the 18th of February.
Pathirage is a co-founder of the Softlogic Group and currently serves as the Chairman/CEO of the Softlogic holdings.
NDB Bank in a stock market filing describes Pathirage as “one of the most dynamic and successful businessmen [...]

CSE turnover for the day Rs. 5.22 billion

The All Share Price Index of the Colombo Stock Exchange gained 2.97% to close the day at 7,811.82 points.
The MPI depreciated marginally by 0.15% to close at 7,248.81 points.
BMS stock broker said the investors showed keen interest on buying counters of Oil Palm sector.
Retail investors were dominant through out the day compared to institutional and [...]

HVA Foods shares to start trading

HVA Foods Limited will trade its shares in the Colombo Stock Exchange starting from tomorrow.
Accordingly 66,428,660 ordinary voting shares will be listed in the Diri Savi Board of the Colombo Bourse.
HVA Foods Limited through its IPO issued 19.92 million shares to raise Rs. 318 million to finance the expansion work of the company.
Company Chairman Rohan [...]

A new stockbroker

The Colombo Stock Exchange announced today that it has admitted Claridge Stockbrokers (Pvt) Limited as a trading member of the CSE.
Accordingly, Claridge started trading securities at the CSE with effect from today.
With this admission the number of Stock brokering firms  operating in the Colombo Stock Exchange has gone up to 25.

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Thursday: Colombo Stock Exchange
Sri [...]

Colombo Stock Exchange

The Colombo Stock Exchange saw some volatility during today’s trading session with relatively low activity levels.
The ASPI dipped slightly by 7.60 points while the MPI marginally went up by 4.66 points.
The Banking, Poultry and the Manufacturing sectors gained investor interest during the trading session.
Brokers said the retail investors were more active during today’s trading while [...]

CSE gains

The Colombo Stock Exchange was active throughout the day with investor interest shown towards the plantation sector.
The ASPI appreciated by 34.29 points while the MPI went up by 31.36 points.
At the close of trading today, the All Share Index stood at 7,381 points and the Milanka Index stood at 7,211.
Retail investors dominated the day’s proceedings.
Price [...]

Union Bank to issue shares to the public

The Colombo Stock Exchange in principal has approved an application forwarded by the Union Bank to list its ordinary shares in the main board.
The Bank plans to raise Rs. 375 million by issuing 15 million ordinary .
The issue price would be  Rs. 25 per share.
Accordingly the Bank will open its subscription list from the 24th [...]

CSE shows dismal performance

The All Share Price Index of the CSE closed the day by gaining 15.90 points, while the MPI closed negative and was down by 12.99 points.
Retail buying dominated the day with some counters coming into the limelight based on earnings speculations.
BMS Stock Broker said the Institutional investors took a quieter standing while showing interest in [...]

CSE hunts candidates for senior executive positions

The Colombo Stock Exchange says it is now in the process of strengthening its management capacity to gear itself to deal with the anticipated economic growth in the coming years.
Accordingly CSE has called applications from professionally qualified candidates to fill 4 senior executive positions.
Some of the positions are newly created and some already exist, but [...]

Sampath Bank to offer shares to employees

Sampath Bank is planning to introduce an Employee Share Option Plan for 2011 subjected to the Bank achieving certain performance criteria for the year.
Under the proposed ESOP, new shares up to 2% of the existing number of 152.80 million shares will be created and offered to the Bank staff upon achieving the set targets.
A stock [...]