COLOMBO (News 1st): The All Share Price Index of the Colombo Stock Exchange recorded the highest single-day points gain in history with 387.19 points - Get the latest breaking news and top stories from Sri Lanka, the latest political news, sports news, weather updates, exam results, business news, entertainment news, world news and much more from News 1st, Sri Lanka's leading news network.
Full statement issued by SEC
The Securities and Exchange Commission of Sri Lanka (SEC) together with the Colombo Stock Exchange (CSE) met the CEO’s of the stockbroker firms for a discussion on the current status of the stock market this afternoon (11.02.2021).
Candid views were expressed between the parties and the stockbrokers expressed their views with regard to the information that has been called for by the circular issued by the CSE.
The stockbrokers expressed the view that there had been some misconception that this information were to be gathered in order to curtail the credit that has been extended by the stockbroker firms.
Share:
COLOMBO (News1st): The Colombo Stock Exchange (CSE) reported its biggest drop on Tuesday, after its benchmark All Share Price Index declined by approximately 6.56 percent.
All Share Price Index dropped by 561.75 basis points.
The more liquid S&P SL 20 dropped by 251.77 basis points, a drop of approximately 7.32 per cent.
The CSE halted trading at 1.30 this afternoon for 30 minutes after the S&P 20 Index fell below 5 percent.
Shortly after opening the S&P 20 Index fell below 7.75 percent triggering a second circuit breaker till 2.17 pm.
According to Industry Analysts, the decline stems after a circular was issued by the CSE last week, informing all stock brokering firms to submit a weekly declaration on the amount of credit that has been extended to top turnover companies of the CSE.
The
Securities and Exchange Commission of Sri Lanka (SEC) welcomes the
record-breaking performance of the Colombo Stock Exchange (CSE). Bloomberg has
identified the CSE as the second best performing equity market in the world.
On 15th
January 2021, the CSE saw 61,722 trades which is the highest
LOLC designates LOLC Ceylon Holdings to attract large foreign investors to its finance companies - Adaderana Biz English bizenglish.adaderana.lk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bizenglish.adaderana.lk Daily Mail and Mail on Sunday newspapers.