Last Updated : 20-04-2014 00:01

 
 

Stock

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: 2420

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: 3064

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: 2530

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: 2476

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: 5206

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: 4339

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: 2951

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: 3061

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: 2574

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: 2833

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: 3005

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: 2350

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: 3769

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: 2501

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: 2626

Market dips despite so-called 'good news'

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Although certain investors and a section of the stockbroking community were seen toasting the impending resignation of Securities and Exchange Commission (SEC) Chairman, Tilak Karunaratne on Tuesday and Wednesday by sending market indices up, the market dipped yesterday with thin volumes and poor turnover.
Views: 2764

‘Regulatory Capture’ at SEC cries Harsha

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Securities and Exchange Commission Chairman Tilak Karunaratne was forced to resign when he was about to take action against the wrongdoers as per the SEC Act, UNP National List MP Dr. Harsha De Silva charged yesterday.
Views: 2974

SEC Chief says under “immense pressure to resign”

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The head of Sri Lanka’s Securities and Exchange Commission (SEC) yesterday said he was coming under immense pressure to resign on false accusations by some investors under investigation for “pump - and - dump” deals.
Views: 2782

History repeats; Tilak to quit SEC?

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In spite of the commendation the Securities and Exchange Commission (SEC) Chief Tilak Karunaratne received from the Committee of Public Enterprises (COPE) last week for ‘excellent performance’, the regulator is believed to be under extreme pressure, which may eventually lead to his stepping down, Mirror Business reliably learns.
Views: 2813

SEC Chief insists on independence at COPE

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The Securities and Exchange Commission (SEC) Chairman Tilak Karunarante had insisted on independence when SEC appeared before the Committee on Public Enterprises (COPE) yesterday, Mirror Business learns.
Views: 3268

Stocks hit five - week high on policy action hopes

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REUTERS: Sri Lankan stocks rose to a five-week high yesterday on hopes the government will act to revive trading on an exchange that has fallen 18 percent so far this year. Markets were closed on Wednesday for a public holiday.
Views: 2838

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