Last Updated : 26-07-2014 10:26

 
 

Stock

Stocks at 7-week low : Budget awaited

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Sri Lankan stocks dipped yesterday to a more-than seven-week low as most investors waited on the sidelines ahead of the announcement of 2013 budget, while the rupee fell on importer dollar demand, dealers said.
Views: 2458

Reversed rules harmful to ‘free market’: Vigna

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The genuine investors and independent minority shareholders (IMS) were rudely surprised and shocked by the recent relaxation of rules on broker credit and restrictions on broker dealings by the Securities and Exchange Commission (SEC), a longstanding minority shareholder activist in the country said.
Views: 3352

Mixed reactions to SEC’S credit, broker trading rules relaxation

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The removal of credit restrictions by the Securities and Exchange Commission (SEC), effectively providing brokers with the facility to extend more credit, met with strong positive and negative feedback from market analysts on both sides of the issue.
Views: 3235

SEC relaxes rules on credit, broker trading

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The Securities and Exchange Commission (SEC) yesterday decided to significantly relax rules on broker credit and restrictions on short-term trading by directors and workers of stockbroking companies.
Views: 3029

Bourse falls for 4th straight session; rupee up

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Sri Lankan stocks ended weaker for a fourth straight session yesterday on profit taking in hotel shares while the rupee edged up on dollar sales by a staterun bank.

Views: 2462

Bourse slips on profit-taking

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Sri Lankan stocks ended weaker yesterday for a second straight session as investors booked profits from an overbought market, while the rupee slipped from a more than four-month high.
Views: 2398

Stocks up: Turnover at 8-month high

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Sri Lankan stocks ended slightly firmer yesterday as investors picked up banking and diversified shares while block deals pushed turnovers to an eight-month high, dealers said, while the rupee firmed as banks sold dollars.
Views: 2670

SEC to tighten grip on related party transactions

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The Securities and Exchange Commission of Sri Lanka has issued a consultation paper aimed at tightening regulations pertaining to disclosures and governance in related party transactions.
Views: 3361

Stocks fall amid profit-taking in overbought market

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Sri Lankan stocks fell 1.4 percent yesterday as investors booked profits across the board in an overbought market after a 15-session rally.
Views: 2782

Profit-taking drags stocks from 8-month high

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Sri Lankan stocks fell 1 percent yesterday from an eight-month high, snapping a four-day gaining streak as investors booked profits across the board.
Views: 2697

Stockbrokers say ‘No Problems Sir!’

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The appointment of Dr.Nalaka Godahewa as the Securities and Exchange Commission Chairman seems to have been able to cast out all the grievances the stockbrokers have had, even perhaps to the utter surprise of Godahewa himself.
Views: 6159

Manipulation to make CSE best performing market soon - Harsha

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Market manipulation would make the Colombo Stock Exchange (CSE) the number one performing stock market in the world soon, UNP National List MP Dr. Harsha De Silva said yesterday.
Views: 4724

From worst to near best: What has really changed?

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The statistics by Bloomberg yesterday showed that the Colombo Stock Exchange (CSE) had become the third best performing market in the world during the period from August 10, 2012 to September 10, 2012.
Views: 3222

Vehicle registration plunges in June

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 Three-wheeler registrations dropped sharply from 13,753 registrations recorded last year to 4,340, while motor cycles decreased by 46.3% to 12,181.
Views: 3392

Bourse up for 10th session in a row

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Sri Lankan stocks extended gains for a 10th straight session yesterday, jumping 1.73 percent to a seven-month high in strong volume led by blue chips.
Views: 2791

TISL urges govt. to resolve crisis at SEC

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Transparency International Sri Lanka (TISL) yesterday called upon the government to take necessary actions to resolve the present situation at the Securities and Exchange Commission (SEC) in a manner that will not negatively impact on market confidence.
Views: 3060

Harsha lashes out at inept SEC appointments

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United National Party (UNP) MP and economist Dr. Harsha de Silva yesterday lashed out at the new Securities and Exchange Commission (SEC) Chairman and Commissioner Priyantha Fernando, on grounds of conflict of interest.
Views: 3269

Stocks rise 1.2% to highest close since June 20

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Sri Lankan stocks yesterday rose 1.2 percent to their highest close since June 20, which dealers said stemmed largely from foreign buying of heavyweight John Keells Holdings.
Views: 2581

No official communication so far - Godahewa

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It is widely speculated that Sri Lanka Tourism Development Authority (SLTDA) Chief Dr. Nalaka Godahewa will be appointed as the Securities and Exchange Commission’s (SEC) new Chairman, following the contentious resignation of Tilak Karunaratne.
Views: 4040

Bourse jumps over 1.6%; surpasses 5,000 points mark

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Sri Lankan stocks jumped more than 1.6 percent to a two-month high yesterday with foreign investors net buyers for a 23rd straight day as financials led the field.
Views: 2760

Doom or boom for bourse?

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Some may call it a triumph of the evil and others a victory against tyranny. But all will depend on how the market will respond to the news in the coming few weeks and months to the news of Securities and Exchange Commission (SEC) Chairman Thilak Karunaratne's resignation last Friday.
Views: 2890

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MR shows the way
DM participates in Ifthar ceremony
Another train derailment
Mahela notches up 150