Category: Markets
CSE Introduces High-Yield Bonds to Enhance Access to Capital Markets through Debt Issuances
The Colombo Stock Exchange (CSE) has introduced High-Yield Bonds, allowing companies with ratings below investment grade to raise capital by way of issuing bonds via the CSE. Unlike standard listed corporate bonds which require a minimum rating of at least one notch above investment grade, this initiative enables companies that previously faced challenges in meeting […]
SEC issues new directions on Whitelist Indices
With the objective of protecting the interest of investors seeking Shariah compliant investments and rationalizing the construction and publication of Shariah compliant Whitelist Equity Indices in the capital market, the Securities and Exchange Commission of Sri Lanka (SEC) has issued new regulatory directions to Market Institutions and Market Intermediaries operating Whitelist Indices. Shariah compliant equities […]
SEC acquires world class Market Surveillance system from Nasdaq
The Securities and Exchange Commission of Sri Lanka (SEC) has taken a significant step towards strengthening its market surveillance role by acquiring a world class state-of-the-art market surveillance system from Nasdaq, a leading global technology company. This acquisition aligns with the SEC’s commitment to ensure a fair, transparent, and efficient securities market in Sri Lanka. […]
SEC Amends Entry Requirements for Capital Market Professionals
CCM program, is the only pathway to obtain the Registered Investment Advisor Qualification Currently there are approx. 500 active Investment advisors in the Capital Market There is a pressing need to increase the number of Investment Advisors In a move aimed at enhancing professional standards and increasing accessibility in the capital market industry, the Securities […]
Elevating Market Integrity by Ensuring Secure & Transparent Trading Practices at CSE
Nilupa Perera, Senior Vice President of the Broker Supervision and Listed Entity Compliance Divisions at the Colombo Stock Exchange (CSE), provides an in-depth look at the critical roles her divisions play in maintaining market integrity and fostering good corporate governance. What is the role of the Broker Supervision Division at the CSE? The Broker Supervision […]
CSE Hosts Forum to Raise Awareness on Alternative Investment Avenues
The Colombo Stock Exchange (CSE) hosted a special awareness session titled “Creating Opportunities for Wealth Creation and Diversification” recently at the Hilton, Colombo. The primary goal of the forum was to create awareness among investors about the range of alternative instruments available at the CSE, that could be considered alongside traditional equity investments, and how […]
Central Bank of Sri Lanka publishes its inaugural market operations report
The Central Bank of Sri Lanka (the Central Bank) released its inaugural Market Operations Report (MOR) with the aim of enhancing awareness and knowledge among the stakeholders on monetary operations carried out by the Central Bank in line with the prevailing monetary policy stance. The MOR would be a catalyst to improve transparency and accountability […]
Softlogic Stockbrokers’ Investment Platform “StockGPT” Enhanced with Azure OpenAI Service
Organizations across all industries and of all sizes are leveraging Microsoft AI’s versatile and cutting-edge solutions to achieve remarkable outcomes. Softlogic Stockbrokers, the full-service brokerage arm of Softlogic Capital PLC, have recently harnessed the power of Microsoft Azure OpenAI Service to introduce StockGPT, an innovative AI tool designed to empower the financial services sector. Microsoft […]
SEC Signs MOU with Maldives Capital Market Regulator, Paving the Way for Maldivian Companies to List on CSE
This will pave the way for Maldivian Companies list on CSE’s Multi-Currency Board Facilitates regulatory information exchange, capacity building assistance and mutual collaboration The Securities and Exchange Commission of Sri Lanka (SEC) and the Capital Market Development Authority of Maldives (CMDA) signed a landmark Memorandum of Understanding (MOU) on 21st July 2024 in Malé. The […]
Cable Solutions Limited Oversubscribed on the Opening Day
The Initial Public Offering (IPO) of Cable Solutions Limited, through an offer for subscription of 14,666,600 ordinary voting shares at a price of Rs. 7.50 per share and an offer for sale of 66,120,000 ordinary voting shares at the same price, opened yesterday (23rd July 2024) and was oversubscribed on the initial day itself. The […]
Despite Framework, Sri Lanka Seeks ESG Investors for Green Bonds Amid Sovereign Rating Challenges
Despite the establishment of a robust regulatory framework for Sustainable Bonds in October 2023, Sri Lanka has yet to see new issuances in its local capital market. This delay highlights the challenges and opportunities as the nation seeks to leverage green finance to drive sustainable development. Speaking at the Asian Development Bank (ADB) Global Sustainability […]
Constituent Changes in S&P Sri Lanka 20 Index
The Colombo Stock Exchange (CSE) announces the following change in S&P Sri Lanka 20 index constituents made by S&P Dow Jones Indices at the 2024 Mid-Year rebalance. The exclusions and inclusion as announced by S&P Dow Jones Indices, effective from 24th June 2024 (after the market close of 20th June 2024) are presented below. Exclusions […]