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By Hiran H.Senewiratne
The CSE was boosted yesterday by a sudden interest in Expolanka stocks. This resulted in the daily turnover level touching more than Rs. 6.billion. This was the highest turnover reported after three and a half months. Earlier, the highest turnover was reported at Rs. 7 billion on April 30 this year, stock market analysts said. Besides, the ASPI crossed the 8000 mark, up by 55.60 points. The index closed at 8,022.55.
The major reason for the turnover level to increase along with the investor interest in Expolanka shares was because during the weekend it was speculated in the social media that the Expolanka share price is trading below the valued price. Therefore, Expolanka share prices appreciated by Rs. 8.50 or 16 percent. Its shares started trading at Rs. 54.50 and at the end of the day they moved up to Rs. 63. One of the major attributing factors for its share price to rebound is the market perception that its share value is trading under its normal value,
Asia’s first and largest 3-day virtual investment conference, Sri Lanka Investment Forum 2021 (SLIF 2021), concluded successfully on June 9th. The Forum was a joint initiative of the Chamber of Commerce, the Board of Investment of Sri Lanka and the Colombo Stock Exchange, in collaboration with Microsoft as the Technology Partner. It facilitated 4,870 online registrations from 85 countries simultaneously and seamlessly.
The Forum was supported by Microsoft through its local Gold Partner Impact IT Solutions who developed the website and event platform: www.invest-srilanka.lk. The platform showcased features such as online registration of participants, connecting with live events, scheduling of B2B meetings between investors and exhibitors, registration for sessions, event management, technical support and discussion facilitation throughout the 118 sessions featuring 108 international and local resource personnel. It was conceptualised and developed by Impact IT using Microsoft techn