Category: Markets
Sri Lanka official reserves slightly improve to USD 3.6bn by end August
Sri Lanka’s gross official reserves were 3,550.7 million US dollars by the end of August, up from 2,805.9 million US dollars in July, the latest Central Bank data showed. This does not include the swap facility signed with the People’s Bank of China (PBoC) of RMB 10 bn (equivalent to approximately USD 1.5 bn). By […]
Colombo Stock Exchange requests root cause analysis from System Provider
The Colombo Stock Exchange has requested a root cause analysis from the System provider Iron One Technologies Pvt Limited regarding a disruption to the order management system provided to four Stockbroker firms during trading yesterday (30), which resulted in trading difficulties to clients of these firms. System providers are an integral element of a technologically […]
ASPI surpasses fair value; reduce equity exposure to 65-pct: First Capital Research
With the ASPI surging past the 8,000 mark for the 2nd time in 2021 and taking into account the economic uncertainties that exist, First Capital Research recommends reducing equity exposure to 65% from the current 90% raising cash allocation to 35% from 10%. First Capital Research believe that the fair value for the ASPI stands […]
Companies mobilize over Rs 75Bn in first 7 months of 2021 via capital market: CSE
The Colombo Stock Exchange (CSE) has showcased a strong growth trajectory in Capital Raising by Sri Lankan corporates of all scales during the first 7 months of 2021. To date, the CSE has facilitated 12 new listings, including 07 debt IPOs with a value of LKR 47.29 Bn, 04 equity IPOs with a value of […]
CBSL tightens monetary policy to curb inflationary pressures; rectify external sector imbalances
Sri Lanka’s Central Bank has tightened its monetary policy stance to address the imbalances in the external sector and to preempt the buildup of excessive inflationary pressures over the medium term. Accordingly, the Monetary Board of the Central Bank has decided to increase the Standing Deposit Facility Rate (SDFR) and the Standing Lending Facility Rate […]
Colombo Stock Exchange to review index calculation methodology for ASPI
The Colombo Stock Exchange (CSE) has decided to revisit the methodology of the computation of the ASPI to determine the possibility of index movements being linked to the public float (as opposed to the total market capitalization as is current practice) of listed company constituents of the index. This would allow the ASPI to more […]
CSE to convert mobile app into a comprehensive investor platform under 2nd phase of digitalization
The Securities and Exchange Commission of Sri Lanka (SEC) along with the Colombo Stock Exchange (CSE) continues to drive digital advancement in Sri Lanka’s capital market with the launch of the second phase of the digitalization of the Stock Market recently under the patronage of President Gotabaya Rajapaksa. Following the Covid-19 outbreak in Sri Lanka […]
JAT Holdings announces forthcoming Initial Public Offering
JAT Holdings, Sri Lanka’s trusted industry leader in finishing and furnishing, recently announced the firm’s intention to enter an Initial Public Offering (IPO) on the 20th of July 2021. Prior to the IPO, JAT Holdings will host a virtual forum scheduled for the 08th of July 2021, extending its invitation to the public to partake […]
Colombo Stock Exchange Signs MoU with CHEC Port City Colombo
The Colombo Stock Exchange (CSE) and CHEC Port City Colombo signed a Memorandum of Understanding (MoU) to enhance the capital markets in Sri Lanka by taking advantage of the Port City Colombo’s special emphasis of the Colombo International Financial Center, in order to establish a regionally recognized financial exchange within the country’s borders. The MoU […]
CSE to introduce Delivery Vs. Payment mechanism to Sri Lankan Stock Market
The Securities and Exchange Commission of Sri Lanka (SEC) and the Colombo Stock Exchange (CSE) announce the introduction of a Delivery vs Payment (DVP) system for stock market transactions. The Go Live is scheduled for 26th July 2021 subject to a final round of testing and industry wide mock runs. The objective of introducing a […]
CSE announces changes in S&P SL20 at mid-year index rebalance
The Colombo Stock Exchange (CSE) announces the following changes in S&P Sri Lanka 20 index constituents made by S&P Dow Jones Indices at the 2021 mid-year index rebalance. The exclusions and inclusions as announced by S&P Dow Jones Indices, effective from 21st June 2021 (after the market close of 18th June 2021) are presented below […]
FCR recommends investors hold on to equity allocation & begin exiting beyond 8,000
Considering the fact that the market has already reached the 7,500 range, First Capital Research (FCR) recommends investors hold on to the equity allocation and begin exiting beyond 8,000. “Despite the significant risk in the system due to the uncertain economic environment, the higher liquidity in the system, and cheaper valuations due to healthy earnings, […]