HONG KONG (AFP) - Asian markets mostly rose Thursday following upbeat earnings results in the region and the United States, while eurozone fears eased slightly on hopes over the funding of future bailouts.
ODEL PLC yesterday announced a significant change of ownership, with Parkson Retail Asia Limited, a Malaysia based department store chain, agreeing to purchase a 41.82 per cent stake in the company for Rs 1.424 billion.
Treasury Secretary Dr. P.B. Jayasundara’s meeting with the SEC Commissioners and the CSE board members yesterday ended up with a consensus to work towards practical solutions to boost the ailing Colombo bourse, Mirror Business learns.
For the third successive day, the Colombo bourse continued to slide as main indices ended in the red despite improved turnover levels and share volumes when compared with Monday.
The recent US$ 1 billion sovereign bond sold by Sri Lanka would potentially ease pressure on interest rates and stabilize the exchange rate despite an increase in the foreign debt position of the country, a report by a brokerage said.
The hype about the outcome of the meeting President Mahinda Rajapaksa had with the market stakeholders at the request of certain stockbrokers and high net worth investors couldn’t boost the Colombo bourse yesterday, as all three market indices ended in the red.
The absence of positive sentiment in the Colombo bourse has made retail investors to shy away from the market, the Colombo Stock Brokers Association (CSBA) President, Sriyan Gurusinghe said.
As exclusively reported by Mirror Business last Friday, the Securities and Exchange Commission (SEC) in consultation with the Colombo Stock Exchange (CSE) has decided to show more mercy to stockbrokers in managing their debt.
Sri Lanka’s Securities and Exchange Commission (SEC) is planning to shift its office to a new location, as the regulator is planning to set up a capital market hub with the support of the other capital market stakeholders.
The Securities and Exchange Commission of Sri Lanka (SEC) has sought views from the public to set up a rating agency to grade Initial Public Offerings (IPOs) and fund independent research on listed companies, as practiced in developed capital markets.
Continuing his plans to make the Melstacorp the ultimate holding company, business tycoon Harry Jayawardena yesterday executed another share transfer to the tune of Rs.7 billion.
Business tycoon Harry Jayawardenacontrolled Distilleries Company PLC yesterday executed three share transfers to the tune of Rs.1 billion, which market analysts described as a part of the move to consolidate listed entities of Harry J, under one entity
Sri Lankan stocks jumped 1.6 percent yesterday to a more than three-week high on institutional buying of blue-chips stocks like John Keells Holdings PLC in an oversold market after the Central Bank kept policy rates steady.
The Colombo Stock Exchange (CSE) will be implementing several measures to attract more foreign investment into the market, hoping to increase foreign contributions to total turnover, according to Chairman, CSE, Krishan Balendra.
Colombo Stock Exchange (CSE) is currently in negotiation with Standard & Poor’s Financial Services LLC to come up with a globally accepted equity market index, top CSE officials said.
Market ended in green territory today where positive returns were recorded in both benchmark indices. ASI gained 20.23 index points (0.43%) to close at 4,757.98 while sensitive MPI closed at 4,223.35, up 25.09 index points (0.60%). Market turnover was Rs.499.5mn
The Colombo Stock exchange dipped further today extending persistent concerns over the overall market sentiments
Sri Lanka's short term Treasury bill yields continued to drop at yesterday's T-bill auction for the re-issue of Rs.25 billion maturing bills
Colombo Stock Market lost further LKR 20.0bn market cap today and ended in negatively territory where both benchmark indices recorded notable losses. ASI lost 136.58 index points (-2.80%) to end at 4,748.60 while liquid MPI lost 135.68 index points (3.12%) to end at 4,207.80
After a 2.5 percent fall on Tuesday, the Colombo stocks bounced back quite strongly yesterday with the benchmark All Share Price Index (ASI) rising over 1 percent, amidst thin margins.
The Colombo bourse continued to bleed as both indices dipped over two percent during yesterday’s trading, amidst talks of over-regulation by the regulator, margin pressure, interest rate hike and gloomy global scenario.
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