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»  Rajgama Heroes !
Huge transactions expected to boost CSE in near future’ EmptyYesterday at 12:06 pm by කිත්සිරි ද සිල්වා

» Coronavirus Updates
Huge transactions expected to boost CSE in near future’ EmptyYesterday at 7:26 am by The Invisible

» Thread for News on CSE and SL Economy
Huge transactions expected to boost CSE in near future’ EmptyYesterday at 7:17 am by The Invisible

» Access Engineering AEL Technical Analysis
Huge transactions expected to boost CSE in near future’ EmptyYesterday at 7:14 am by The Invisible

» In the Meantime, Within Our Shores !
Huge transactions expected to boost CSE in near future’ EmptyThu Jul 02, 2020 10:35 pm by කිත්සිරි ද සිල්වා

» Obituary Notice.
Huge transactions expected to boost CSE in near future’ EmptyWed Jul 01, 2020 12:51 pm by කිත්සිරි ද සිල්වා

»  6000 Post Club , Celebration of a Great Milestone, Slstock
Huge transactions expected to boost CSE in near future’ EmptyTue Jun 30, 2020 9:35 am by slstock

» LIOC.N0000 (Lanka IOC PLC)
Huge transactions expected to boost CSE in near future’ EmptyTue Jun 30, 2020 8:00 am by LSE

» How to get Access to: 104 Technical trading experiments by HUNTER
Huge transactions expected to boost CSE in near future’ EmptyMon Jun 29, 2020 9:35 am by nuwanmja

» Sri Lanka to monetize tens of billions of contractor bills
Huge transactions expected to boost CSE in near future’ EmptySun Jun 28, 2020 10:30 am by The Invisible

» 104 Technical trading experiments by HUNTER
Huge transactions expected to boost CSE in near future’ EmptySat Jun 27, 2020 10:27 pm by HUNTER

» CFVF - First Capital
Huge transactions expected to boost CSE in near future’ EmptySat Jun 27, 2020 10:22 pm by HUNTER

» RCL - Royal Ceramics
Huge transactions expected to boost CSE in near future’ EmptySat Jun 27, 2020 4:02 am by desh87

» Stocks - Banks Drag Wall Street Lower After Fed Buyback Ban; Dow Down 290
Huge transactions expected to boost CSE in near future’ EmptyFri Jun 26, 2020 11:35 pm by nihal123

» Sri Lanka plans US$4bn PPP for LRT in place of Japan funded soft-loan project
Huge transactions expected to boost CSE in near future’ EmptyThu Jun 25, 2020 8:57 pm by The Invisible

» PABC.N0000 (Pan Asia Banking Corporation PLC)
Huge transactions expected to boost CSE in near future’ EmptyWed Jun 24, 2020 10:37 pm by seek

» JKH.N0000
Huge transactions expected to boost CSE in near future’ EmptyWed Jun 24, 2020 9:33 pm by The Invisible

» Plantation sector updates
Huge transactions expected to boost CSE in near future’ EmptyWed Jun 24, 2020 10:32 am by The Invisible

» Dividend Announcements
Huge transactions expected to boost CSE in near future’ EmptyTue Jun 23, 2020 4:00 pm by Rana

» LOLC Holdings
Huge transactions expected to boost CSE in near future’ EmptyMon Jun 22, 2020 3:40 pm by Rajapaksap

» Sri Lanka bank bad loans in March 2020 pick up to 5.1-pct
Huge transactions expected to boost CSE in near future’ EmptyMon Jun 22, 2020 12:50 pm by The Invisible

» The Central Bank of Sri Lanka Further Reduces the Statutory Reserve Ratio
Huge transactions expected to boost CSE in near future’ EmptyMon Jun 22, 2020 11:53 am by nihal123

» Sri Lanka tea prices pickup marginally mid June
Huge transactions expected to boost CSE in near future’ EmptySun Jun 21, 2020 8:11 pm by The Invisible

» කොළඹ කොටස් වෙළඳපොළ ඩිජිටල්කරණය කිරීමේ වැඩපිළිවෙල ඇරඹෙයි
Huge transactions expected to boost CSE in near future’ EmptySun Jun 21, 2020 12:55 pm by HUNTER

» Sri Lankans stock up, buy online in Covid-19 curfews, informal workers hard-hit: survey
Huge transactions expected to boost CSE in near future’ EmptySun Jun 21, 2020 9:34 am by The Invisible

» Sri Lanka chicken supplies to tighten after Covid-19 crisis, maize import controls
Huge transactions expected to boost CSE in near future’ EmptySun Jun 21, 2020 9:32 am by The Invisible

» S&P SL20 සමාගම් ලැයිස්තුවේ වෙනසක්.
Huge transactions expected to boost CSE in near future’ EmptySat Jun 20, 2020 7:56 am by slstock

» HNB රුපියල් බිලියන 5ක ණය යෝජනා ක‍්‍රමයක් දියත් කරයි
Huge transactions expected to boost CSE in near future’ EmptyFri Jun 19, 2020 10:47 pm by nihal123

» SAMP.N0000 (Sampath Bank PLC)
Huge transactions expected to boost CSE in near future’ EmptyFri Jun 19, 2020 1:08 pm by dakzsl

» HAYC - Haycarb
Huge transactions expected to boost CSE in near future’ EmptyFri Jun 19, 2020 12:04 pm by Rational Investor

» විශාලම ලැයිස්තුගත සමාගම් 50 විනිවිදභාවය පිළිබඳ වාර්තාවක් එළිදැක්වෙයි
Huge transactions expected to boost CSE in near future’ EmptyThu Jun 18, 2020 11:13 pm by nihal123

» HAYL.N0000 Hayleys PLC
Huge transactions expected to boost CSE in near future’ EmptyThu Jun 18, 2020 7:53 pm by NIRMALSG

» GLAS.N0000 (Piramal Glass Ceylon PLC)
Huge transactions expected to boost CSE in near future’ EmptyWed Jun 17, 2020 12:29 pm by nuwanmja

» Sri Lanka bank forex funding pressures, bad loans to rise after Covid-19: Fitch
Huge transactions expected to boost CSE in near future’ EmptyWed Jun 17, 2020 10:43 am by The Invisible

» Sri Lanka telecom regulator asked find businesses to use Lotus Tower
Huge transactions expected to boost CSE in near future’ EmptyWed Jun 17, 2020 10:33 am by The Invisible

» Gota's Era
Huge transactions expected to boost CSE in near future’ EmptyTue Jun 16, 2020 2:40 pm by puliyanam

» Fitch Revises Ratings on 11 Sri Lankan Financial
Huge transactions expected to boost CSE in near future’ EmptySat Jun 13, 2020 11:58 am by spw19721

» Carlton Sports Network to resume broadcasts soon – Rohan Welivita
Huge transactions expected to boost CSE in near future’ EmptyFri Jun 12, 2020 11:27 am by Rajapaksap

» සල්ලි අච්චු ගැසුවාද?
Huge transactions expected to boost CSE in near future’ EmptyWed Jun 10, 2020 11:35 pm by nihal123

» වටිනා පාඩමක්!
Huge transactions expected to boost CSE in near future’ EmptyWed Jun 10, 2020 9:58 pm by Backstage

» Sri Lanka’s General Election on August 05
Huge transactions expected to boost CSE in near future’ EmptyWed Jun 10, 2020 3:08 pm by The Invisible

» Hayleys MGT
Huge transactions expected to boost CSE in near future’ EmptyTue Jun 09, 2020 11:16 am by The Invisible

» AEL Access Engineering
Huge transactions expected to boost CSE in near future’ EmptyTue Jun 09, 2020 11:08 am by The Invisible

» Sri Lanka import controls, cargo bottleneck hit apparel exporters
Huge transactions expected to boost CSE in near future’ EmptyMon Jun 08, 2020 4:12 pm by The Invisible

» Sri Lanka tea prices ease lower, low growns drive May average to all time high
Huge transactions expected to boost CSE in near future’ EmptyMon Jun 08, 2020 8:47 am by slstock

» Sri Lanka plans to allow tourists from August, no mandatory quarantine
Huge transactions expected to boost CSE in near future’ EmptySat Jun 06, 2020 3:05 pm by Antonym

» Sri Lanka makes trillion rupee mini-budget till August under Presidential powers
Huge transactions expected to boost CSE in near future’ EmptyFri Jun 05, 2020 10:48 am by The Invisible

» HHL.N0000 ( Hemas Holdings PLC)
Huge transactions expected to boost CSE in near future’ EmptyThu Jun 04, 2020 4:32 pm by Backstage

» LION.N0000 (Lion Brewery Ceylon PLC)
Huge transactions expected to boost CSE in near future’ EmptyThu Jun 04, 2020 2:21 pm by The Invisible

» කොටස්--වෙළෙඳපොළ--වැසුවාද
Huge transactions expected to boost CSE in near future’ EmptyWed Jun 03, 2020 9:49 pm by nihal123

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Huge transactions expected to boost CSE in near future’

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Huge transactions expected to boost CSE in near future’ Empty Huge transactions expected to boost CSE in near future’

Post by Backstage on Thu Feb 20, 2020 12:45 pm

Huge transactions expected to boost CSE in near future’
February 19, 2020,

By Hiran H. Senewiratne

Stockbrokers are expecting a few large transactions to occur in the CSE that would boost the stock market, which in turn would pep-up retail market activities significantly, Head of Sales and Marketing, Softlogic Stockbrokers Eardly Kern said.

" Corporate earnings, stemming from the government's stimulus package, are likely to rise after the first quarter results. Against this backdrop, Pan Asia Bank's, National Development Bank's and several companies' quarterly results became positive. These developments have brought some positive sentiments to the market, Kern told The Island Financial Review. He said that the market turnover is a bit small but it would normalize after the general election.

Amid those developments the market recorded a very low turnover yesterday of Rs. 188.1 million without a single crossing. But both indices moved upwards, ie, the All Share Price Index went up by 16.82 points and S and P SL20 rose by 23.45 points.

In the retail market, companies that mainly contributed to the day's turnover were; HNB Rs. 38 million (242,000 shares traded), Sampath Bank Rs. 30.8 million (183,000 shares traded), Access Engineering Rs. 19.1 million (912,000 shares traded), Browns Investments Rs. 10.4 million (two million shares traded) and Seylan Bank Rs. 7.8 million (163,000 shares traded). During the day 11 million share volumes changed hands in 4381 transactions.

JKH stocks contributed most to the ASPI, gaining Rs. 1.70 or 1.09 percent to Rs. 157.00 a share, National Development Bank shares gained Rs. 3.70 or 98.50 percent to Rs. 157.00 a share, while Commercial Bank gained Rs. 1.80 to Rs. 89.90 a share, also contributing to the ASPI’s gain.

Meanwhile, newly appointed chairman of the Securities and Exchange Commission Viraj Dayaratne and other members of the Commission will meet Chief Executives of brokers next week, the regulator said. Dayaratne had met chairman of the Colombo Stock Exchange Ray Abeywardene, Chief Executive Rajeeva Bandaranaike, Chief Regulatory Officer Renuke Wijayawardhana on February 19.The Commission members would meet broker chiefs on February 25.
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