Video: CSE to scrap Milanka, open more branches

15 November 2012 10:10 am - 4     - {{hitsCtrl.values.hits}}


Colombo Stock Exchange (CSE) today said that it plans to scrap the Milank Price Index (MPI), to avoid a duplication that has arisen as a result of the recent introduction of the S&P SL20 Index with effect from January 1, 2013.

“This is an important step for the CSE as we did not have a globally recognized index operating in the country previously. We feel the discontinuation of the Milanka Price Index as a result is also the correct measure to take as it would be a duplication of processes to maintain both indices.” CSE Chairman, Krishan Balendra said.

According to CSE, S&P currently represents 54 percent of the total market in contrast to the MPI's comparatively lesser representation of 22 percent.

The CSE also said that in a bid to reach out to potential investors, it will be opening four new branches in Anuradhapura, Ratnapura, Hambantota and Batticaloa.

The CSE further stated that it will formulate a joint committee with the Securities and Exchange Commission to spearhead joint initiatives to develop the capital market.

  Comments - 4

  • richardson Saturday, 17 November 2012 05:40 AM

    Api danna Milakawak neha.

    Tsunami ekak wagayda ??

    LankanLion Friday, 16 November 2012 11:38 AM

    If you have something relevant and intelligent to say, please keep quiet

    MALAKA SILVA Saturday, 17 November 2012 09:46 AM

    You may never able to develop this market until corrupted people engaged in the market, Money laundering activities of the affordable of ministers' sons and daughters,son in laws .Amunu.....,Kehe.....Bogolla.....

    richardson Thursday, 15 November 2012 11:57 PM

    Why can,t they promote KOTHTHU ROTI instead.

    so the poor people also can eat it.

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