Last Updated : 30-07-2014 07:53

 
 

Stock

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: 3178

‘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: 3231

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: 3387

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: 3082

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: 4048

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: 3062

Asian markets mostly up on upbeat earnings

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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.
Views: 2849

Parkson Retail to buy 42% of ODEL for Rs.1.4 billion

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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.
Views: 5857

PB stresses on practical solutions for market sufferings

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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.
Views: 3147

Bourse slide continues

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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.
Views: 3056

Bond bonuses

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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.
Views: 2762

Market indices fall despite Friday meeting hype

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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.
Views: 2857

Bourse lacks positive market sentiment - CSBA President

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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.
Views: 2974

SEC shows mercy on broker-credit

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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.

Views: 3058

Regulator plans capital market hub

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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.
Views: 3384

SEC mulls IPO grading, independent equity research

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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.
Views: 3507

Harry J continues restructuring fortunes

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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.

Views: 3582

Harry J executes share transfers from Distilleries to Melstacorp

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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
Views: 3104

Sri Lankan stocks at 3-wk high; rupee steady

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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.
Views: 4879

CSE to become attractive for foreigners

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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.
Views: 3554

Bourse to get globally recognized index

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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.
Views: 3135

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