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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 [...]
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 [...]
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 [...]
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 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 [...]
Securities and Exchange Commission says it is planning to bring in regulations to delist Non Performing listed Companies operating in the CSE.
A Study conducted by the SEC has found out that some companies continue to be listed even though they are incurring heavy losses for several years with depleted reserves.
The SEC Director General Malik Cader [...]
The All Share Price Index at the Colombo Stock Exchange fell by 30.76 points while the MPI lost 25.03 points during today’s trading.
High net worth and institutional interest was seen towards Banking and Finance sector.
Brokers say most of the retail stocks saw price declines during the trading session.
Price losers outnumbered price gainers by 133 to [...]
The Treasury has directed Sri Lanka’s Regional Plantation Companies to look into the possibility of raising fresh capital by offering shares to the public.
The Director General of the Department of Public Enterprises S. R. Attygalle said such a move will help RPC’s find funds to re-cultivate the idle lands in the plantation sector.
He said the [...]
The Colombo Stock Exchange witnessed negative sentiments today owing to profit taking on speculative counters, said the Brokers.
The ASPI dipped by 36.13 points while the MPI was down by 57.65 points at the close of the days trading.
The poultry industry gained specific attention with counters such as BFL, GRAN & TAFL attracting investors.
The plantation sector [...]
The Colombo Stock Exchange saw the ASPI appreciating by 7.36 points today while the MPI appreciated 5.56 points.
Both the retail and the high net worth investors were active during the day and the interest was seen in Banking and the Poultry sectors.
Price gainers outnumbered the price losers with 125 counters appreciating in price and only [...]
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