During the holiday shortened week the All Share Price Index (ASPI) increased 142.92 points to close at a new all time high of 6023.41 points, while the Milanka Price Index (MPI) also increased by 211.50 points to a new high of 6278.31 points. The daily average turnover was SLRs.4.3bn compared to SLRs.3bn last week and the week ended with foreign buying amounting to SLRs.1.9bn whilst foreign selling was SLRs.4.4bn.
The week started off on a negative note with both indices recording losses on Monday.
However the market picked up towards the end of the week with both the ASPI
& MPI recording gains on Wednesday & Thursday. Both the MPI & ASPI passed
6000 points on Thursday. The ASPI recorded an increase of 60.79points (1.02%)
WoW to close at 6023.41 points. The liquid MPI also jumped 125.38points (2.04%)
WoW to close at 6066.81points.
The market will continue its upsurge at a more moderate phase in the coming week, despite possible profit taking by investors on counters which have reported unprecedented growth in price in the recent week.
Thursday, September 9, 2010
Wednesday, September 1, 2010
Share index rose to a new record
Sri Lanka shares hit new peak amid new SEC rule
Institutional and foreign investors have long clamoured for prompter disclosure of insider dealings, amid complaints of manipulation. Previously, related-party transactions were only only required disclosure in annual reports.
According to the ruling issued after trading closed on Wednesday, immediate disclosure is required for any related-party transaction which exceeds 10 percent of equity or 5 percent of total corporate assets.
Wednesday, August 4, 2010
ODEL breaks records in CSE
ODEL.N0000 reocrds more than 12,000 trades and more than 30% increase in a day today (2010 Aug 4th)!!
ODEL LIMITED (“THE COMPANY”) – LKR 250.5 MILLION worth ordinary shares of the above company was listed today (on 4th August 2010) on the Diri Savi Board of the CSE and
classified under the Footwear and Textile Sector.
The assigned security code is ODEL-N-0000. A total number of 144,950,000 ordinary shares of the company was listed. Deposits would be
accepted by the Central Depository Systems (Pvt) Ltd (“CDS”) with immediate effect.
ODEL shares rocketed up to Rs. 38.50 in its first day of trading before setting back to a sober Rs. 35.40 at the time this article was published. Almost 13 million shares were traded in more than 10,000 trades. Prices opened at Rs. 15 this morning in what was a much anticipated IPO by one of the leading clothing retailers/ department stores in the country.
Founded 20 years ago, the ODEL chain of definitive fashion and lifestyle stores now comprises of 12 outlets at Alexandra Place, Kohuwala, Mount Lavinia, Moratuwa, Panadura, Maharagama, Nugegoda (Warehouse), Dickman's Road, Ja-ela, Majestic City, Crescat (Backstage) and at the Bandaranaike International Airport. ODEL's 13th store opens at Battaramulla , 16th July.
ODEL LIMITED (“THE COMPANY”) – LKR 250.5 MILLION worth ordinary shares of the above company was listed today (on 4th August 2010) on the Diri Savi Board of the CSE and
classified under the Footwear and Textile Sector.
The assigned security code is ODEL-N-0000. A total number of 144,950,000 ordinary shares of the company was listed. Deposits would be
accepted by the Central Depository Systems (Pvt) Ltd (“CDS”) with immediate effect.
ODEL shares rocketed up to Rs. 38.50 in its first day of trading before setting back to a sober Rs. 35.40 at the time this article was published. Almost 13 million shares were traded in more than 10,000 trades. Prices opened at Rs. 15 this morning in what was a much anticipated IPO by one of the leading clothing retailers/ department stores in the country.
Founded 20 years ago, the ODEL chain of definitive fashion and lifestyle stores now comprises of 12 outlets at Alexandra Place, Kohuwala, Mount Lavinia, Moratuwa, Panadura, Maharagama, Nugegoda (Warehouse), Dickman's Road, Ja-ela, Majestic City, Crescat (Backstage) and at the Bandaranaike International Airport. ODEL's 13th store opens at Battaramulla , 16th July.
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