Stocks ended two-week high yesterday led by diversified shares such as conglomerate John keels Holdings PLC, while foreign inflows also helped boost turnover.
The Colombo Stock Exchange (CSE) has postponed its fourth foreign roadshow in Singapore to January 21 next year. The event was previously scheduled for November 28, 2013.
The Sri Lanka’s capital market watchdog Securities and Exchange Commission (SEC) is currently considering the restriction corporate debt issuances which are coming with below investment grade, according to a top SEC official.
Both the Securities and Exchange Commission (SEC) and Colombo Stock Exchange (CSE) are currently working on a project to lure the Board of Investment (BoI) companies into the stock market in a bid to increase the number of listings and market liquidity, according to a top capital market official.
Sri Lanka’s stockbrokers have written to the Colombo Stock Exchange (CSE) requesting a hike in the brokerage fees citing financial hardships they are currently undergoing amid relatively low market turnover levels, Mirror Business learns.
The capital market regulator, Securities and Exchange Commission (SEC) has filed a motion in the Commercial High Court Colombo that’s hearing the winding up application of agro-forestry investment firm Touchwood Investment PLC filed by a creditor of the company, Mirror Business learns.
The Colombo Stock Exchange (CSE) is considering the implementation of a minimum 20 percent public float requirement, a top CSE official said.
Colombo Stock Exchange (CSE) and the Securities and Exchange Commission of Sri Lanka (SEC) will host the “Invest Sri Lanka” investor forum at the Shangri-La Hotel in Hong Kong today.
Sri Lankan stocks recovered from their lowest level in more than four months yesterday as investors picked up large cap shares such as Ceylon Tobacco Company Plc and Nestle Lanka Plc, but foreign outflows continued for the fourth day.
Sri Lankan stocks closed at their lowest level in more than four months yesterday with trading volume slumping to near three-week lows as foreign outflows continued for the third day, while retail investors stayed on the sidelines amid a falling rupee, brokers said.
The Colombo Stock Exchange (CSE) opened its newest branch in Ratnapura yesterday making it the seventh branch office Sri Lanka’s only equity exchange has islandwide.
The ‘outlook’ on Sanasa Development Bank PLC (SDB), a licensed specialized bank (LSB) has been revised to ‘stable’ from ‘positive’ by Ram Ratings Lanka, with respective long and short term ratings at BBB and P3
The Colombo Stock Exchange (CSE) yesterday launched a publication titled ‘A guide to listing on the CSE’, in a bid to raise awareness on equity listing and corporate debt securities.
While steps are being taken towards facilitating US dollar bonds issuances by Sri Lankan corporates, capital market regulator is currently exploring the possibilities in getting the restriction on large pension funds in investing in the country’s corporate debt market, relaxed.
In a bid to open Sri Lanka’s corporate debt market to foreign investors, country’s capital market regulator, the Securities and Exchange Commission (SEC) is currently in discussions with the Central Bank to facilitate the issuing of foreign-denominated debt by the corporate sector, according to SEC Chief.
The main All Share Price Index (ASPI) of the Colombo Stock Exchange dropped below the psychological 6,000 point mark yesterday amid lack of foreign buying in the market.
The Colombo Stock Exchange (CSE) has planned its third investor forum outside Sri Lanka to lure foreign investors to the country’s capital market. The investor forum will be held on September 9 at the Island Shangri-La Hotel in Hong Kong.
Two thermal power plants belonging to Aiken Spence PLC have been put up for sale following the lapse of the power purchase agreements they had with Ceylon Electricity Board.
The Securities and Exchange Commission of Sri Lanka (SEC) in its endeavour to develop an efficient and effective capital market has organized “Investment Day 2013” at the Sri Lanka Exhibition and Convention Centre on July 6 (from 9.00 a.m. to 5.00 p.m.) under the auspices of Economic Development Minister Basil Rajapaksa.
Fitch Ratings has downgraded National Development Bank (NDB) national long-term rating to AA- with a ‘Stable Outlook’ as a result of possible increase in bank’s risk profile due to a change in its business model.
Sri Lanka's trade gap widened 19.2 percent Year-on-Year (YoY) in the month of April to US $ 825.4 million amid slowing down of exports
earnings by 6.87 percent YoY to US $ 696.6 million.
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