Category: Markets
SEC wants to finalize implementation mechanism for Central Counterparty in 2022
The new Securities and Exchange Commission of Sri Lanka (SEC) Act which came into force on 19th September 2021 contains provisions that enable the setting up of a Central Counterparty (CCP). Further, the need for setting up a CCP in order to enhance the efficiency of post-trade risk management had been spoken of for a […]
CSE to extend trading hours; revise index calculation methodology of ASPI
The Colombo Stock Exchange (CSE) is revising the index calculation methodology of the All Share Price Index (ASPI) from full market capitalization-weighting to free float-adjusted Market Capitalization weighting. The Index methodology has been published on the CSE website.The Implementation of the said revision is scheduled to take place on 24 January 2022 (with effect from […]
Hela Apparel Holdings set for landmark IPO
The Colombo Stock Exchange has formally approved the Initial Public Offering (IPO) of Hela Apparel Holdings Limited (the holding company of the Hela Clothing Group), with the offer set to open on Wednesday 12th January. This highly anticipated IPO, by one of Sri Lanka’s leading social-capital focused apparel supply chain solution providers, will see 267,108,998 […]
Listed Companies welcome opportunity to hear about new SEC Act directly from Regulator
The Securities and Exchange Commission of Sri Lanka (SEC) and the Colombo Stock Exchange (CSE) organized a symposium on 6th December 2021 to enlighten senior officials of listed companies on the features of the new Securities and Exchange Commission Act No. 19 of 2021. SEC Media Release The SEC Chairman Mr. Viraj Dayaratne PC delivered […]
Anjelo Simmons – Chief Dealer at First Capital Treasuries in conversation with LBO
With the First Capital Treasuries’ (FCT) Initial Public Offering opening on Monday the 6th of December, Lanka Business Online (LBO) spoke to Anjelo Simmons, the Chief Dealer at FCT to find out what makes the company a unique investment opportunity. Given the ongoing positive momentum centred around the Colombo Stock Exchange (CSE) and propelled by […]
YTD 9M results exceed historical 12M earnings to record LKR 292bn by Sept: Softlogic Stockbrokers
Corporate earnings recorded a phenomenal increase up +98% YoY from LKR 190bn to LKR 377bn on a Trailing 12 months (TTM) basis despite the impact of the 2nd, 3rd and 4th wave of covid-19 during the reporting period, Softlogic Stockbrokers said. Releasing the Corporate Earnings Snapshot, Softlogic Research said that 3Q 2021 earnings have improved […]
CSE revises index calculation methodology of All Share Price Index
The Board of Directors of the Colombo Stock Exchange (CSE) has approved the revision of the index calculation methodology of the All Share Price Index (ASPI) at a Board meeting held on 15 November 2021 to change its calculation basis from full Market Capitalization-weighting to free float-adjusted Market Capitalization-weighting with effect from January 2022 following […]
CAL Launches IPO Portal to Empower Investors
Capital Alliance (CAL) is empowering private investors with the chance to capitalize on investment opportunities by subscribing to Initial Public Offerings (IPOs) managed by CAL directly through its newly-launched IPO Portal. CAL’s reputation as Sri Lanka’s leading investment bank has been based on its pursuit of excellence in execution, research and product innovation, and developing […]
First Capital Treasuries PLC announces upcoming Initial Public Offering
First Capital Treasuries PLC, Sri Lanka’s leading non-bank primary dealer recently announced the firm’s intention to enter an Initial Public Offering (IPO). The IPO is scheduled for November 2021 subject to regulatory approval. The First Capital Treasuries’ IPO aims to offer 7,695,000 ordinary voting shares to the public. The IPO price per share of Rs. […]
‘s reserves down to USD 2.6bn in September; YTD rupee depreciation 8.2-pct
Sri Lanka’s official reserves were 2.6 billion US dollars (USD 2,581.3mn) by the end of September, down from 3.5 billion US dollars in August, the latest Central Bank data showed. By the end of September, the foreign currency reserves were 2,006.4 million dollars while the reserve position in the IMF was 67.4 million dollars. Special […]
Asanga Seneviratne elected to CSE Board of Directors
The Colombo Stock Exchange (CSE) announces the appointment of Asanga C. Seneviratne as a Director of the CSE Board with effect from 23rd September 2021. Seneviratne has previously served on the Board of the CSE as a Director during the period from 2013 to 2017. He is presently the Chairman of Nation Lanka Equities (Pvt) […]
CSE implements new OTC Platform to conduct REPO Transactions on Debt Securities
The Colombo Stock Exchange (CSE) announces the introduction of a new Over the Counter (OTC) Platform to facilitate the Repurchase (REPO) Transactions on Corporate Debt Securities with effect from today (16th September 2021). The new OTC Platform is a significant step in the product expansion line-up of the CSE and is projected towards establishing a […]