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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 [...]
(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.
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 [...]
(News360.lk) A Sri Lankan stock broker advise investors to select stocks which will hold or preserve their value as the Colombo Stock Exchange continues with its downward trend with the main index declining by 10% so far this year.
Murtaza Jafferjee of JB Securities speaking to News360.lk said,”I encourage investors who did not have an equity [...]
Sri Lanka’s Securities and Exchange Commission has granted a 6 month extension for shareholders to lodge their share certificates in the Central depository system.
SEC announced that this is in pursuant to one of its directives issued during November 2010 on dematerialization of listed securities.
In a letter sent to the Central Depository System of the Colombo [...]
Sri Lanka’s Renuka Agri Foods has purchased 76% of the issued share capital of Richlife Dairies Limited for a sum of Rs. 505 million.
The listed Renuka Agri Foods, a sub-subsidiary of Renuka Holdings PLC announced this move via a stock market filing issued today.
Richlife Dairies Limited is a firm engaged in manufacturing of milk products [...]
Both indices of the Colombo Stock Exchange fell to their lowest level since August 2010 with the ASPI dropping by 2.04% to stand at 5,663 range while MPI dropping by 2.14% to end at 4,811 points.
“The ASPI is currently hitting oversold levels and we could see a slight rebound coming into the markets” added the [...]
The Chairman of the London Stock Exchange Chris Gibson-Smith is currently on a visit to Sri Lanka.
This morning he held a meeting with the Central Bank governor Ajith Nivard Cabraal at his office.
He was accompanied by Tony Weerasinghe, CEO of the Millannium IT, a Sri Lankan technology firm recently acquired by the London Stock Exchange.
Purpose [...]
Blue Diamonds Jewellery Worldwide PLC has decided to incorporate a subsidiary company in Singapore to carry out retail business including internet sales, in addition to supplying for key buyers.
A stock market filing issued by the firm notified that it will join with ECL Soft (Private) Limited to form the subsidiary firm.
Both firms will have equal [...]
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