The Investor Sentiment - Equity and investments forum for Sri Lankans



Join the forum, it's quick and easy

The Investor Sentiment - Equity and investments forum for Sri Lankans

The Investor Sentiment - Equity and investments forum for Sri Lankans

Would you like to react to this message? Create an account in a few clicks or log in to continue.
The Investor Sentiment - Equity and investments forum for Sri Lankans

The Lankan Investor Forum - A more respectable and reasonable place for members to discuss matters regarding the CSEThe Lankan Investor Forum - A more respectable and reasonable place for members to discuss matters regarding the CSE

Please send an email to contact.lankaninvestor@gmail.com if you face any technical difficulties when posting

Latest topics

» CIFC Dumps to Expand Your Possibilities to Pass Your Exam
Bourse down after moving up four days running EmptyFri Jul 19, 2024 10:30 am by faithhharris

» CCS.N0000 ( Ceylon Cold Stores)
Bourse down after moving up four days running EmptyWed Mar 20, 2024 11:31 am by Hawk Eye

» Sri Lanka plans to allow tourists from August, no mandatory quarantine
Bourse down after moving up four days running EmptyWed Sep 13, 2023 12:16 pm by lauryfriese

» When Will It Be Safe To Invest In The Stock Market Again?
Bourse down after moving up four days running EmptyWed Apr 19, 2023 6:41 am by කිත්සිරි ද සිල්වා

» Dividend Announcements
Bourse down after moving up four days running EmptyWed Apr 12, 2023 5:41 pm by කිත්සිරි ද සිල්වා

» MAINTENANCE NOTICE / නඩත්තු දැනුම්දීම
Bourse down after moving up four days running EmptyThu Apr 06, 2023 3:18 pm by කිත්සිරි ද සිල්වා

» ඩොලර් මිලියනයක මුදල් සම්මානයක් සහ “ෆීල්ඩ්ස් පදක්කම” පිළිගැනීම ප්‍රතික්ෂේප කළ ගණිතඥයා
Bourse down after moving up four days running EmptySun Apr 02, 2023 7:28 am by කිත්සිරි ද සිල්වා

» SEYB.N0000 (Seylan Bank PLC)
Bourse down after moving up four days running EmptyThu Mar 30, 2023 9:25 am by yellow knife

» Here's what blind prophet Baba Vanga predicted for 2016 and beyond: It's not good
Bourse down after moving up four days running EmptyThu Mar 30, 2023 9:25 am by HaeroMaero

» The Korean Way !
Bourse down after moving up four days running EmptyWed Mar 29, 2023 7:09 am by කිත්සිරි ද සිල්වා

» In the Meantime Within Our Shores!
Bourse down after moving up four days running EmptyMon Mar 27, 2023 5:51 pm by කිත්සිරි ද සිල්වා

» What is Known as Dementia?
Bourse down after moving up four days running EmptyFri Mar 24, 2023 10:09 am by කිත්සිරි ද සිල්වා

» SRI LANKA TELECOM PLC (SLTL.N0000)
Bourse down after moving up four days running EmptyMon Mar 20, 2023 5:18 pm by කිත්සිරි ද සිල්වා

» THE LANKA HOSPITALS CORPORATION PLC (LHCL.N0000)
Bourse down after moving up four days running EmptyMon Mar 20, 2023 5:10 pm by කිත්සිරි ද සිල්වා

» Equinox ( වසන්ත විෂුවය ) !
Bourse down after moving up four days running EmptyMon Mar 20, 2023 4:28 pm by කිත්සිරි ද සිල්වා

» COMB.N0000 (Commercial Bank of Ceylon PLC)
Bourse down after moving up four days running EmptySun Mar 19, 2023 4:11 pm by කිත්සිරි ද සිල්වා

» REXP.N0000 (Richard Pieris Exports PLC)
Bourse down after moving up four days running EmptySun Mar 19, 2023 4:02 pm by කිත්සිරි ද සිල්වා

» RICH.N0000 (Richard Pieris and Company PLC)
Bourse down after moving up four days running EmptySun Mar 19, 2023 3:53 pm by කිත්සිරි ද සිල්වා

» Do You Have Computer Vision Syndrome?
Bourse down after moving up four days running EmptySat Mar 18, 2023 7:36 am by කිත්සිරි ද සිල්වා

» LAXAPANA BATTERIES PLC (LITE.N0000)
Bourse down after moving up four days running EmptyThu Mar 16, 2023 11:23 am by කිත්සිරි ද සිල්වා

» What a Bank Run ?
Bourse down after moving up four days running EmptyWed Mar 15, 2023 5:33 pm by කිත්සිරි ද සිල්වා

» 104 Technical trading experiments by HUNTER
Bourse down after moving up four days running EmptyWed Mar 15, 2023 4:27 pm by katesmith1304

» GLAS.N0000 (Piramal Glass Ceylon PLC)
Bourse down after moving up four days running EmptyWed Mar 15, 2023 7:45 am by කිත්සිරි ද සිල්වා

» Cboe Volatility Index
Bourse down after moving up four days running EmptyTue Mar 14, 2023 5:32 pm by කිත්සිරි ද සිල්වා

» AHPL.N0000
Bourse down after moving up four days running EmptySun Mar 12, 2023 4:46 pm by කිත්සිරි ද සිල්වා

» TJL.N0000 (Tee Jey Lanka PLC.)
Bourse down after moving up four days running EmptySun Mar 12, 2023 4:43 pm by කිත්සිරි ද සිල්වා

» CTBL.N0000 ( CEYLON TEA BROKERS PLC)
Bourse down after moving up four days running EmptySun Mar 12, 2023 4:41 pm by කිත්සිරි ද සිල්වා

» COMMERCIAL DEVELOPMENT COMPANY PLC (COMD. N.0000))
Bourse down after moving up four days running EmptyFri Mar 10, 2023 4:43 pm by yellow knife

» Bitcoin and Cryptocurrency
Bourse down after moving up four days running EmptyFri Mar 10, 2023 1:47 pm by කිත්සිරි ද සිල්වා

» CSD.N0000 (Seylan Developments PLC)
Bourse down after moving up four days running EmptyFri Mar 10, 2023 10:38 am by yellow knife

» PLC.N0000 (People's Leasing and Finance PLC)
Bourse down after moving up four days running EmptyThu Mar 09, 2023 8:02 am by කිත්සිරි ද සිල්වා

» Bakery Products ?
Bourse down after moving up four days running EmptyWed Mar 08, 2023 5:30 pm by කිත්සිරි ද සිල්වා

» NTB.N0000 (Nations Trust Bank PLC)
Bourse down after moving up four days running EmptySun Mar 05, 2023 7:24 am by කිත්සිරි ද සිල්වා

» Going South
Bourse down after moving up four days running EmptySat Mar 04, 2023 10:47 am by කිත්සිරි ද සිල්වා

» When Seagulls Follow the Trawler
Bourse down after moving up four days running EmptyThu Mar 02, 2023 10:22 am by කිත්සිරි ද සිල්වා

» Re-activating
Bourse down after moving up four days running EmptySat Feb 25, 2023 5:12 pm by කිත්සිරි ද සිල්වා

» අපි තමයි හොඳටම කරේ !
Bourse down after moving up four days running EmptyTue Feb 14, 2023 3:54 pm by ruwan326

» මේ අර් බුධය කිසිසේත්ම මා විසින් නිර්මාණය කල එකක් නොවේ
Bourse down after moving up four days running EmptyTue Jan 03, 2023 6:43 pm by ruwan326

» SAMP.N0000 (Sampath Bank PLC)
Bourse down after moving up four days running EmptyWed Nov 30, 2022 8:24 am by කිත්සිරි ද සිල්වා

» APLA.N0000 (ACL Plastics PLC)
Bourse down after moving up four days running EmptyFri Nov 18, 2022 7:49 am by කිත්සිරි ද සිල්වා

» AVOID FALLING INTO ALLURING WEEKEND FAMILY PACKAGES.
Bourse down after moving up four days running EmptyWed Nov 16, 2022 9:28 pm by කිත්සිරි ද සිල්වා

» Banks, Finance & Insurance Sector Chart
Bourse down after moving up four days running EmptyTue Nov 15, 2022 5:26 pm by කිත්සිරි ද සිල්වා

» VPEL.N0000 (Vallibel Power Erathna PLC)
Bourse down after moving up four days running EmptySun Nov 13, 2022 12:15 pm by කිත්සිරි ද සිල්වා

» DEADLY COCKTAIL OF ISLAND MENTALITY AND PARANOID PERSONALITY DISORDER MIX.
Bourse down after moving up four days running EmptyMon Nov 07, 2022 6:36 pm by කිත්සිරි ද සිල්වා

» WATA - Watawala
Bourse down after moving up four days running EmptySat Nov 05, 2022 8:44 am by කිත්සිරි ද සිල්වා

» KFP.N0000(Keels Food Products PLC)
Bourse down after moving up four days running EmptySat Nov 05, 2022 8:42 am by කිත්සිරි ද සිල්වා

» Capital Trust Broker in difficulty?
Bourse down after moving up four days running EmptyFri Oct 21, 2022 5:25 pm by කිත්සිරි ද සිල්වා

» IS PIRATING INTELLECTUAL PROPERTY A BOON OR BANE?
Bourse down after moving up four days running EmptyThu Oct 20, 2022 10:13 am by කිත්සිරි ද සිල්වා

» What Industry Would You Choose to Focus?
Bourse down after moving up four days running EmptyTue Oct 11, 2022 6:39 pm by කිත්සිරි ද සිල්වා

» Should I Stick Around, or Should I Follow Others' Lead?
Bourse down after moving up four days running EmptyTue Oct 11, 2022 9:07 am by කිත්සිරි ද සිල්වා

Disclaimer


Information posted in this forum are entirely of the respective members' personal views. The views posted on this open online forum of contributors do not constitute a recommendation buy or sell. The site nor the connected parties will be responsible for the posts posted on the forum and will take best possible action to remove any unlawful or inappropriate posts.
All rights to articles of value authored by members posted on the forum belong to the respective authors. Re-using without the consent of the authors is prohibited. Due credit with links to original source should be given when quoting content from the forum.
This is an educational portal and not one that gives recommendations. Please obtain investment advises from a Registered Investment Advisor through a stock broker

    Bourse down after moving up four days running

    Sriranga
    Sriranga
    Veteran
    Veteran


    Posts : 3226
    Join date : 2014-02-23
    Location : Colombo

    Bourse down after moving up four days running Empty Bourse down after moving up four days running

    Post by Sriranga Wed May 14, 2014 12:29 am

    Sierra fearing Rs. 172 mn. fraud requests trading halt

    The Colombo bourse was down yesterday after four consecutive days of gains on a turnover of Rs.757.9 million, down from the previous day’s Rs.866.4 million, with the All Share Price Index losing 18.20 points (0.29%) and S&P SL20 down 1.92 points (0.06%) with 89 gainers and 93 losers almost on even keel while 141 counters closed flat.

    An announcement from Sierra Cables of ``significant mis-statements’’ in the company’s financial statements going back four years with an audit report from KPMG revealing a discrepancy of about Rs. 172 million between ledger figures and physical verification proved a market damper, brokers said.

    Sierra requested the SEC and CSE to suspend trading of its shares until the matter is cleared, expressing fear that there may be other significant grey areas especially with regard to the recording of stocks.

    The company promised to vigorously pursue miscreants if any and full disclosure to shareholders and the public of the results of the investigations.

    There were block trades in Ceylinco Insurance and Commercial and Bank with Ceylinco seeing 79,740 shares done in two parcels at a price of Rs.1,250 per share generating a turnover of Rs.99.7 million while Commercial Bank (voting) saw a single parcel of 250,000 crossed at Rs.127 contributing Rs.32.25 million to turnover.

    The usually illiquid Shalimar was the top business generator on the floor with 92,535 shares done at Rs.1,600 contributing Rs.148.1 million to turnover. The sale price was Rs.98 below the previous close.

    Analysts said that the Carson’s controlled plantation companies with estates in Malaysia are likely to de-list as the major shareholders do not want to sell down and it will not be possible to conform to the SEC’s new liquidity requirements in that context.

    Other major business generators yesterday included Sampath closing Rs.1.10 up at Rs.191 on nearly 0.3 million shares done between Rs.189 and Rs.194.90 contributing Rs.52.6 million to turnover.

    "Many of the counters including HNB, NDB and Commercial Bank (voting) that contributed significant business volume were done in large parcels," a broker said. "The exception was LIOC which saw more retail play."

    HNB (voting) closed flat at Rs.158 on nearly 0.3 million shares, NDB closed flat at Rs.194 on nearly 0.2 million shares and LIOC closed 50 cents down at Rs.44 on nearly 0.6 million.

    Floor trades in Commercial Bank (voting) saw nearly Rs.22 million generated closing 50 cents down at Rs.129 with the non-voting counter gaining Rs.1.20 to close at Rs.98.40 on nearly 0.2 million shares.

    Aitken Spence Hotels closed Rs.1.10 up at Rs.79.50 on over 0.2 million shares, Janashakthi closed 10 cents down at Rs.14.60 on over 0.9 million shares and Sierra Cables closed 10 cents up at Rs.2.20 on nearly 5.7 million shares.

    Expo closed flat at Rs.10.40 on nearly 1.2 million shares done between Rs.10.30 and Rs.10.40. Brokers said that with a mandatory offer at Rs.10.70 pending, sellers clearly were looking for instant cash instead of waiting eight weeks to get a slightly better price.

    Haycarb announced a dividend of Rs.3 per share for 2013/14 following shareholder approval at an AGM on June 25. The share will trade XD from June 26 and with payment on July 5.
    http://www.island.lk/index.php?page_cat=article-details&page=article-details&code_title=103234


    _________________
    "Investing is easy to learn, but it takes a lifetime to master."

      Current date/time is Tue Jul 23, 2024 12:11 pm