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“Indices rebounded as value counters rallied ahead…”

Posted April 21st, 2014 under Market Reports by

Daily Trade Journal – CSE Diary for 11.04.2014                                                                                                        Indices rebounded to gains: The benchmark index denoted a volatile path as it rebounded to an intra-day high of 6,096.52 (+21 points) after having dipped to an intra-day low of 6,064.30 during early trading. Investor activity picked up amidst a rally in value counters in […]

“Indices dipped amidst profit realizing on blue-chips…”

Posted April 21st, 2014 under Market Reports by

Daily Trade Journal – CSE Diary for 10.04.2014                                                                                                        Bourse halts uptrend amidst investor profit taking: Indices shed gains as investors booked profits amidst some recovery in latter part of the session. ASPI closed at 6,075.05 with a dip of 9 points. Index heavyweights Sri Lanka Telecom (-2.5%) and John Keells Holdings (-0.8%) retreated […]

“Investor activity improved amidst extended uptick in indices…”

Posted April 21st, 2014 under Market Reports by

Daily Trade Journal – CSE Diary for 09.04.2014   Indices on an uptrend amidst robust turnover: Indices extended gains amidst robust turnover level as the ASPI spiked to an intra-day high level of 6,088.23 (+16 points) over the final trading hour before it settled with a 11 point gain at 6,083.55. Gains in S&P SL20 […]

“Bourse ended green as JKH edged higher…”

Posted April 21st, 2014 under Market Reports by

Daily Trade Journal – CSE Diary for 08.04.2014   ASPI resumed upward momentum spurred by JKH: The Colombo Bourse resumed its uptrend today as ASPI settled at 6,072.16 with a gain of 24 points. Index heavyweights John Keells Holdings (+1.9%) advanced supporting the market index. Gains showcased in Commercial Leasing and Finance (+5.3%) and Lanka […]

“Indices surged amidst accumulation of blue-chips…”

Posted April 7th, 2014 under Market Reports by

Daily Trade Journal – CSE Diary for 04.04.2014                                                                                                        Indices soared; JKH backed daily turnover: The benchmark index advanced spurred by cash-ins in heavyweights amidst breaching the 6,000 resistance fuelled by hefty turnover. Turnover levels soared to its highest since 2012 July prompted by heavy transactions recorded in JKH.  Index performances were bolstered by […]

“JKH carried turnover across LKR2.5 bn adding 82%; indices spiked up…”

Posted April 7th, 2014 under Market Reports by

Daily Trade Journal -  CSE Diary for 03.04.2014                                                                                                        Indices spiked up despite dips in large caps: Indices denoted a volatile trend as the ASPI trimmed its intra-day gain of 30 points at 6,034.84 as price dips in largest caps; John keells Holdings (-0.6%) and Ceylon Tobacco Company (-1.7%) weighed on indices. However the […]

“Indices denoted mix performance; turnover improved…”

Posted April 7th, 2014 under Market Reports by

Daily Trade Journal – CSE Diary for 02.04.2014                                                                                                        First attempt to break 6,000 fails as BUKI plunged amidst improving turnover: Indices advanced in early part of trading and lost its momentum in latter part of the day to create a technical “shooting star”, a single candlestick reversal pattern at an important psychological threshold […]

“ASPI rallied crossing 6,000 amidst heavyweights leading turnover…”

Posted April 7th, 2014 under Market Reports by

Daily Trade Journal – CSE Diary for 01.04.2014                                                                                                        Indices rallied crossing the 6,000 mark: Indices rallied as the ASPI surpassed the psychological resistance of 6,000 at its intra-day high of 6,009.61 points before it settled at 6,001.83, the highest close since 18th February 2014. Turnover level was sluggish at LKR341mn however foreigners were […]

‘‘Lackluster market activity is expected with the upcoming festive season…”

Posted April 7th, 2014 under Market Reports by

Weekly Message   The bourse advanced during the week prompted by the cash-ins in heavyweights. ASPI leapt 34  points WoW to settle at 5,972.17. Turnover spiked up from a relatively low average of LKR460 mn towards the later week led by JKH and NDB. A 12 mn share block at LKR225.0 in the former carried […]

“ASPI slides amidst sluggish turnover…”

Posted April 7th, 2014 under Market Reports by

Daily Trade Journal – CSE Diary for 24.03.2014                                                                                                        ASPI slides in final hour:  The ASPI made only marginal movement during the day up until the final hour where a sharp dip was witnessed. The decline in the benchmark index is primarily weighted upon Ceylon Tobacco. The S&P SL20 index closed flat for the […]

‘‘Stagnant market conditions to continue…”

Posted April 7th, 2014 under Market Reports by

Weekly Message:   Indices moved on a consolidation path amidst relatively low levels of turnover over the week.  The ASPI gained 28 points WoW to 5,924.23 while   Monday s session registering the lowest turnover level since July 2012. Foreign outflows were prominent mid-week as it carried the YTD net foreign outflow across the LKR4 bn […]

“Indices ended green in a lighter session…”

Posted April 7th, 2014 under Market Reports by

Daily Trade Journal – CSE Diary for 21.03.2014                                                                                                        Index ended on high note despite a lighter trading session:  The benchmark index leapt bringing some optimism to the bourse amidst a thin trading session. Price gains in heavyweights Nestle Lanka (+2.1%), Commercial Bank (+1.9%) and Dialog Axiata (+1.1%) lifted the up the market index. […]

Touchwood harvests more broken promises; winding up move to come up again on 19 March

Posted March 7th, 2014 under News by

Cheques given by company to investors returned for lack of funds; CEO looking for cash from Chinese investor, OD facility The much-awaited Touchwood winding-up case was called in the Commercial High Court before Amendra Senevirathna H.C.J. yesterday, where the appearances and the legal representations of the parties were as before. The cheques issued to the […]

Softlogic Capital goes for Rs. 1.3 b Rights to settle debt

Posted March 7th, 2014 under News by

Softlogic Capital (SCAP) yesterday announced a 13 for 10 Rights Issue at Rs.3.40 per share (subject to approval). The funds raised from the Rights Issue, estimated at Rs.1.32 billion, will be utilised to strengthen the company’s balance sheet by settling certain outstanding debt. SCAP as at 31 December 2013, at Company level, has Rs. 1.35 […]

Rs. 838 m Alumex IPO snapped up

Posted March 7th, 2014 under News by

The Rs. 838 million Initial Public Offering (IPO) of Hayleys subsidiary Alumex Ltd. has been snapped up and closed on its official opening, which was yesterday. The company offered 59.9 million ordinary voting shares at Rs. 14 each. Alumex is the 10th subsidiary of Hayleys Group to be listed via an IPO in 22 years. […]

Bourse rebounds to 2-week high led by JKH

Posted March 7th, 2014 under News by

Reuters: Shares ended at their highest level in two weeks on Thursday led by top conglomerate John Keells Holdings PLC amid mild foreign inflows. The main stock index ended up 0.43%, or 25.50 points, at 5,961.93 points, its highest close since 19 February. Shares in John Keells rose 2.23% to Rs. 224.90. The day’s turnover […]

CB, Treasury harmony freed Sri Lanka from vicious cycle trap to virtuous cycle: Cabraal

Posted August 28th, 2013 under News by

Governor Nivard Cabraal last night made a compelling case that the close cooperation and relationship between the Central Bank and the Ministry of Finance led to the creation of what he described as a virtuous cycle, aiding the rapid and sound socioeconomic growth in the country. “The harmonisation between the monetary and fiscal policies during […]

July tourist arrivals up 9.5%

Posted August 28th, 2013 under News by

Reuters: Tourist arrivals in Sri Lanka jumped 9.5% year-on-year in July, Government data showed on Tuesday, with the number of foreign visitors rising for the 51st straight month since the near-three-decade civil war ended in May 2009. The country expects around 1.25 million foreign visitors generating revenue of $1.5 billion this year, both at record […]

Rupee down

Posted August 28th, 2013 under News by

Reuters: The rupee fell to a more than one-year low against the dollar on Tuesday due to importer demand for the greenback amid renewed selling of government bonds by foreign investors. The market expects the rupee to fall further with exporters holding onto dollars and foreign investors gradually exiting treasury bonds. Dealers said banks switched […]

Stock market recovers

Posted August 28th, 2013 under News by

Reuters: Stocks recovered from their lowest level in more than four months on Tuesday as investors picked up large cap shares such as Ceylon Tobacco Company Plc and Nestle Lanka Plc, but foreign outflows continued for the fourth day. The main share index ended up 0.47%, or 27.69 points, at 5,923.34, edging up from its […]

NSB to sell minimum of $500 m 5-year bond

Posted August 27th, 2013 under News by

COLOMBO/HONG KONG (Reuters): Sri Lanka’s State-run National Savings Bank (NSB) plans to raise a minimum $ 500 million through the sale of a likely five-year bond with a target yield around 7%, sources close to the deal told Reuters on Monday. The bond would offer investors a similar yield compared with the Bank of Ceylon […]

SEC revises ‘lock-in’ period for pre-IPO shares

Posted August 27th, 2013 under News by

The Securities and Exchange Commission (SEC) has issued a fresh directive amending the ‘lock-in’ period for shares held prior to an Initial Public Offer (IPO). It said all shares held by non public shareholders prior to 12 months from the date of Initial Listing Application will be locked-in for a period of six months from […]

CSE opens 7th branch office in Ratnapura

Posted August 27th, 2013 under News by

The Colombo Stock Exchange (CSE) opened its seventh branch office in Ratnapura yesterday (26). The branch is situated on Level 1, No. 131, Colombo Road, Ratnapura. The branch will provide investors from the Sabaragamuwa province with education and investment opportunities in shares and corporate debt listed on the CSE. The branch will conduct educational programs […]

NDB eyeing Union Bank?

Posted August 21st, 2013 under News by

Cash-rich National Development Bank (NDB) is scouting for an acquisition as part of strategic expansion with small time player Union Bank of Colombo being under its radar. The Daily FT learns that there have been several rounds of talks between the two leading to few options being laid on the table. However both banks, which […]

Net foreign inflow to CSE tops Rs. 18 b mark

Posted August 21st, 2013 under News by

Thanks to persisting investment into the banking sector and other blue chips, net foreign inflows to the Colombo stock market topped the Rs. 18 billion mark on Monday. The latest milestone comes after the bourse had surpassed the Rs. 17 billion mark early last week. On Monday the market enjoyed a net buying of Rs. […]

“Indices rebounded as value counters rallied ahead…”

Posted April 21st, 2014 under Market Reports by

Daily Trade Journal – CSE Diary for 11.04.2014                                                                                                        Indices rebounded to gains: The benchmark index denoted a volatile path as it rebounded to an intra-day high of 6,096.52 (+21 points) after having dipped to an intra-day low of 6,064.30 during early trading. Investor activity picked up amidst a rally in value counters in […]

“Indices dipped amidst profit realizing on blue-chips…”

Posted April 21st, 2014 under Market Reports by

Daily Trade Journal – CSE Diary for 10.04.2014                                                                                                        Bourse halts uptrend amidst investor profit taking: Indices shed gains as investors booked profits amidst some recovery in latter part of the session. ASPI closed at 6,075.05 with a dip of 9 points. Index heavyweights Sri Lanka Telecom (-2.5%) and John Keells Holdings (-0.8%) retreated […]

“Investor activity improved amidst extended uptick in indices…”

Posted April 21st, 2014 under Market Reports by

Daily Trade Journal – CSE Diary for 09.04.2014   Indices on an uptrend amidst robust turnover: Indices extended gains amidst robust turnover level as the ASPI spiked to an intra-day high level of 6,088.23 (+16 points) over the final trading hour before it settled with a 11 point gain at 6,083.55. Gains in S&P SL20 […]

“Bourse ended green as JKH edged higher…”

Posted April 21st, 2014 under Market Reports by

Daily Trade Journal – CSE Diary for 08.04.2014   ASPI resumed upward momentum spurred by JKH: The Colombo Bourse resumed its uptrend today as ASPI settled at 6,072.16 with a gain of 24 points. Index heavyweights John Keells Holdings (+1.9%) advanced supporting the market index. Gains showcased in Commercial Leasing and Finance (+5.3%) and Lanka […]

“Indices surged amidst accumulation of blue-chips…”

Posted April 7th, 2014 under Market Reports by

Daily Trade Journal – CSE Diary for 04.04.2014                                                                                                        Indices soared; JKH backed daily turnover: The benchmark index advanced spurred by cash-ins in heavyweights amidst breaching the 6,000 resistance fuelled by hefty turnover. Turnover levels soared to its highest since 2012 July prompted by heavy transactions recorded in JKH.  Index performances were bolstered by […]

“JKH carried turnover across LKR2.5 bn adding 82%; indices spiked up…”

Posted April 7th, 2014 under Market Reports by

Daily Trade Journal -  CSE Diary for 03.04.2014                                                                                                        Indices spiked up despite dips in large caps: Indices denoted a volatile trend as the ASPI trimmed its intra-day gain of 30 points at 6,034.84 as price dips in largest caps; John keells Holdings (-0.6%) and Ceylon Tobacco Company (-1.7%) weighed on indices. However the […]

“Indices denoted mix performance; turnover improved…”

Posted April 7th, 2014 under Market Reports by

Daily Trade Journal – CSE Diary for 02.04.2014                                                                                                        First attempt to break 6,000 fails as BUKI plunged amidst improving turnover: Indices advanced in early part of trading and lost its momentum in latter part of the day to create a technical “shooting star”, a single candlestick reversal pattern at an important psychological threshold […]

“ASPI rallied crossing 6,000 amidst heavyweights leading turnover…”

Posted April 7th, 2014 under Market Reports by

Daily Trade Journal – CSE Diary for 01.04.2014                                                                                                        Indices rallied crossing the 6,000 mark: Indices rallied as the ASPI surpassed the psychological resistance of 6,000 at its intra-day high of 6,009.61 points before it settled at 6,001.83, the highest close since 18th February 2014. Turnover level was sluggish at LKR341mn however foreigners were […]

‘‘Lackluster market activity is expected with the upcoming festive season…”

Posted April 7th, 2014 under Market Reports by

Weekly Message   The bourse advanced during the week prompted by the cash-ins in heavyweights. ASPI leapt 34  points WoW to settle at 5,972.17. Turnover spiked up from a relatively low average of LKR460 mn towards the later week led by JKH and NDB. A 12 mn share block at LKR225.0 in the former carried […]

“ASPI slides amidst sluggish turnover…”

Posted April 7th, 2014 under Market Reports by

Daily Trade Journal – CSE Diary for 24.03.2014                                                                                                        ASPI slides in final hour:  The ASPI made only marginal movement during the day up until the final hour where a sharp dip was witnessed. The decline in the benchmark index is primarily weighted upon Ceylon Tobacco. The S&P SL20 index closed flat for the […]

‘‘Stagnant market conditions to continue…”

Posted April 7th, 2014 under Market Reports by

Weekly Message:   Indices moved on a consolidation path amidst relatively low levels of turnover over the week.  The ASPI gained 28 points WoW to 5,924.23 while   Monday s session registering the lowest turnover level since July 2012. Foreign outflows were prominent mid-week as it carried the YTD net foreign outflow across the LKR4 bn […]

“Indices ended green in a lighter session…”

Posted April 7th, 2014 under Market Reports by

Daily Trade Journal – CSE Diary for 21.03.2014                                                                                                        Index ended on high note despite a lighter trading session:  The benchmark index leapt bringing some optimism to the bourse amidst a thin trading session. Price gains in heavyweights Nestle Lanka (+2.1%), Commercial Bank (+1.9%) and Dialog Axiata (+1.1%) lifted the up the market index. […]

Posted April 7th, 2014 under Market Reports by

Daily Trade Journal – CSE Diary for 20.03.2014                                                                                                        Index gains marginally:  The benchmark index saw some volatility as the index dipped marginally during the first half hour of trading and then saw sharp spike followed by a downward trending index resulting in the index ending broadly flat with a marginal growth of a […]

[COMB Voting: LKR114.0] BUY [COMB Non-Voting: LKR95.5]

Posted April 1st, 2014 under Analysts View by

Commercial Bank   Commercial Bank, the largest private sector licensed commercial bank which reflects high level of liquidity in the market, is likely to record a healthy earnings CAGR of 10.7% in 2014E-16E backed by expansion in the lending portfolio (especially in the SME sector) in high yielding assets and likely decline in the impairment […]

[TKYO.N: LKR32.6, TKYO.X: LKR27.6]

Posted April 1st, 2014 under Analysts View by

Tokyo Cement Company   We initiate a BUY on Tokyo Cement based on sustained profitability driven by a 7% volume CAGR over FY13-FY16E supported by demand growth and its 1 mn MT capacity addition to be commissioned by mid FY15E via its USD50 mn BOI project and attractive valuations. The Voting share offers a one […]

[NDB: LKR184.0]

Posted April 1st, 2014 under Analysts View by

National Development Bank   “Earnings dipped significantly due to the absence of capital gains during the quarter and notable impairment charged on few selected loans.” NDB recorded net earnings of LKR445.3 mn in 4Q2013, a significant decline cf. to the comparative quarter net earnings of LKR6.9bn. Nevertheless, excluding the LKR5.9 capital gain component resultant with […]

“JKH earnings to remain flat on lower interest income and segmental profits”

Posted March 27th, 2014 under Analysts View by

John Keells Holdings - [JKH: LKR218.0]   John Keells Holdings, Sri Lanka’s premier conglomerate is likely to record a declining trend in earnings (Cagr of -3% FY14E-16E) as the group prepares to take on its largest investment project during FY15E. Amidst lower income from interest income and lack of any major land and property project coupled […]

IPO– LKR14.0 – SUBSCRIBE

Posted March 27th, 2014 under Analysts View by

Alumex Limited “Volume driven growth” Profile   Alumex is a subsidiary of the diversified conglomerate; Hayleys PLC engaged in manufacturing Aluminium extrusions in Sri Lanka under the brand name “Alumex” with a market share of 50%. The Alumex Group was incorporated in 1986 and commenced commercial operations in the aluminium business in 1988 via Alumex […]

Softlogic Holdings

Posted March 27th, 2014 under Analysts View by

[SHL: LKR9.8]   Softlogic Holdings, one of SL’s most aggressive conglomerates, is likely to grow Earnings to LKR1 bn in FY16E, CAGR of 59% FY13-16E primarily led by its retail sector expansion amidst growing consumer demand, steady healthcare sector and turnaround in the finance sector. The cascading finance cost consequent to reduced interest rates and […]

[LIOC: LKR38.9] – CAUTIOUSLY ACCUMULATE

Posted February 18th, 2014 under Analysts View by

Lanka IOC      Revenue grew 25% YoY supported by 8% volume growth during 3QFY14: The quarter denoted a steady revenue growth of 25% YoY to LKR21.3 bn and 8% YoY to LKR60.5 bn during 1-3QFY14 supported by increase in petrol price and volume growth of 8%. GP margin expanded 300 bps YoY to 10% during 3QFY14 […]

[TJL: LKR16.4] BUY

Posted January 30th, 2014 under Analysts View by

Textured Jersey Lanka We maintain a BUY on TJL based on robust profit growth backed by the commissioning of its multi fuel boiler during 2QFY15E and steady volume growth fuelled by its 10-12% capacity expansion to be completed during FY14E. TJL underscores strong valuations offering a one year total return of 32%  based on a […]

[LGL.N: LKR31.7] BUY

Posted January 20th, 2014 under Analysts View by

Laugfs Gas   Laugfs Gas, the sole privately owned gas player in the country is poised to deliver an earnings CAGR of 15% FY13-16E steered by greater affordability and room for market penetration driving  volume CAGR by  9% for FY13-FY16E. LGL’s cost plus 30% margin price agreement with the CAA via an order by the […]

“Gold, a golden opportunity?”

Posted August 22nd, 2013 under Analysts View by

Golden Dilemma on CSE   Gold, which witnessed a steady price increase over a decade, recently plunged on contrary to what many market participant envisaged. Interestingly speculative outflows fore fronted in price dips. The following report attempts to identify the overall outlook of the factors that drive the global gold prices and its effect on […]

“A notable dip in cost margin of 630 bps YoY led earnings growth of 603% YoY.”

Posted August 14th, 2013 under Analysts View by

Lanka IOC [LIOC: LKR27.9]   Net earnings surged 603% YoY to LKR1.3 bn backed by strong GP margin growth of 630 bps YoY backed by the bearish sentiment in crude oil prices which prevailed during 2013 amidst marginal revenue dip of 1.2% YoY. PBIT margin expanded 650 bps YoY to 9.8% and net earnings margin […]

“Normalized earnings dip 58%YoY; One off disposal gain boosts profits.”

Posted July 18th, 2013 under Analysts View by

Piramal Glass [GLAS: LKR6.0]         Normalized earnings dip of 58% YoY on electricity tariff hike and Indian rupee devaluation.   GLAS earnings gained 142% YoY to LKR358 mn backed by the part sale of Rathmalana land at a consideration of LKR355 mn translating into a capital gain of LKR296 mn. Therefore excluding […]

John Keells Holdings [JKH : LKR249.0]

Posted July 17th, 2013 under Analysts View by

John Keells Holdings [JKH : LKR249.0] Recommendation: NEUTRAL Corporate Disclosure – 10.07.2013 Investment on project valued USD 650mn   JKH announces that it has proposed to the Government of Sri Lanka a project, valued in excess of USD 650mn, involving the developing, owning, managing, operating, selling, leasing and renting a luxury multi/mixed use Integrated Resort […]

Sri Lanka’s External Stability: Foreign Debt and Export Earnings

Posted May 14th, 2013 under Research & Views by

Sri Lanka has been witnessing a persistent weakening of its export capacity, with the exports to GDP ratio falling to a low of 16.4 per cent in 2012, and a declining share of the global export market. In 2012, earnings from exports contracted by 7.4 per cent, and have continued to contract by 8.1 per […]

Market Direction – 15.01.2013

Posted January 16th, 2013 under Research & Views by

Market has seen the second consecutive negative year after the bubble burst in 2011. In 2011 ASPI dropped by 22% from all-time peak in February to year end and in 2012 the market drop has been more moderate with a drop of 7.1% albeit a considerable drop in a year where global markets have performed […]

Budget Review 2013 – Bartleet Religare Securities

Posted November 9th, 2012 under Research & Views by

        The budget proposals for 2013 continued to be welfare-oriented and forecasted an ambitious 5.8% deficit (down from a forecasted 6.2% in 2012). The total proposed revenue for the year 2013 amounts to LKR 1,278bn while expenditure amounts to LKR 1,785bn, of which LKR 1,267bn is accounted as recurring. Overall, the 2013 […]

Budget Review 2013

Posted November 9th, 2012 under Research & Views by

In line with the incumbent governments five year development agenda under the “five hub concept”, the budget proposals for the years 2011 and 2012 were unveiled and were hailed as “pro investor/ pro consumer” budgets. Expenditure on large scale development projects, simplification of the existing tax structure, and promotion of import substitution activities comprised the […]

Chevron Lubricants Lanka PLC : BUY

Posted October 17th, 2012 under Research & Views by

Chevron Lubricants Lanka PLC (a subsidiary of the global giant Chevron Corporation [CVX: US]), the market leader in the Sri Lankan lubricant industry, has come through a journey against plenty of challenges and has remained steady amidst a strong competition. Top-line has improved at a CAGR of 13% after the dip in 2009 and the […]

KEY DATA

Posted September 8th, 2012 under Research & Views by

  View article at source KEY DATA

MICRO TRENDS

Posted September 8th, 2012 under Research & Views by

  View article at source MICRO TRENDS

THE BOURSE

Posted September 8th, 2012 under Research & Views by

  STOCK PICKING IN TOUGH TIMES Hasitha Premaratne lays out a prudent strategy to invest in the stock market at a time of bearish sentiment – as has been the case for most of this year The market fell 21 points in July and a further 90 points in early August, as average daily turnover […]

THE ECONOMY

Posted September 8th, 2012 under Research & Views by

  Investor Sentiment Bound to Improve in the Future Samantha Amerasinghe sees a bright light at the end of the dark tunnel Due to elevated inflation pressures, Sri Lanka is not able to reduce interest rates, unlike its regional counterparts. Headline inflation, at 9.8 per cent year-on-year (y-o-y) in July (up from 9.3 per cent y-o-y in June) is […]

BUSINESS SENTIMENT

Posted September 8th, 2012 under Research & Views by

Confidence in Positive Territory The upbeat sentiment endures as the distinctive indicator of biz confidence advances for a second consecutive month The sheer resilience of local business, in spite of the many curveballs thrown its way – be it in the form of abrupt policy amendments or a worsening global economic scenario – is indeed […]

MICROCOSM

Posted September 8th, 2012 under Research & Views by

  View article at source MICROCOSM

Death to SEC Governance

Posted September 2nd, 2012 under Research & Views by

For a start I would like to congratulate you on your very powerful editorial last Sunday. The recent resignation of Thilak Karunaratne and the appointment of Nalaka Godahewa as the new SEC Chairman is a blow for good governance. Nalaka Godahewa is a qualified professional and therefore he has technical knowledge to be in the […]

Myths, lies and damn lies about the stock market

Posted August 19th, 2012 under Research & Views by

Few things seem to bother ordinary citizens than the prospective returns from the local share market. Many have dabbled in stocks with the mistaken belief that one can turn a quick Rupee. My sabbatical over the last three months from these pages have alowed for various questions on the topic dominate my inbox. Here in […]

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