Stock Market Digitalization Creates Convenience and Enhanced Market Accessibility for All Sri Lankans

  A special market opening ceremony was organized by the Securities and Exchange Commission of Sri Lanka (SEC) and the Colombo Stock Exchange (CSE) under the patronage of Hon. Mahinda Rajapaksa, the Prime Minister of Sri Lanka to mark the Digitalization of the Sri Lankan...
Posted On 18 Sep 2020

Local Stock Market remains resilient; continues progress beyond pre COVID-19 levels

The Colombo Stock Market has recorded a noteworthy turnaround in recent months, driven by a progress of the indices and improved investor interest. Since reopening the market on 11 May 2020 following an extended closure as a result of the COVID-19 pandemic, the benchmark All...
Posted On 14 Sep 2020

Ceylon Dollar Bond Fund gains on recovering Sovereign Bonds

Improving SL Economic Fundamentals offer one off profit opportunity   The Covid-19 financial crisis led to a crash in SL Sovereign Bond prices from $ 100 to an all-time low of   $ 48.15 in May as investors ran to the safety of US treasuries exiting Asian bonds. The run was common...
Posted On 13 Aug 2020

Sunshine Consumer extends its portfolio beyond tea with the acquisition of Daintee Limited

Consumer sector of the Sri Lankan conglomerate Sunshine Holdings (CSE: SUN), has completed its acquisition of a leading Sri Lankan confectionery company Daintee Limited, adding several prestigious brands to its portfolio, including Daintee, Milady and Bensons. The transaction was...
Posted On 09 Aug 2020

Further guidance offered to Listed Companies on hosting virtual/hybrid AGMs

The Colombo Stock Exchange (CSE) offered guidance to listed companies on hosting Annual General Meetings (AGMs) amidst the COVID-19 pandemic. The CSE has observed that several Listed Companies had adopted the guidance offered by CSE and successfully hosted virtual/hybrid AGMs....
Posted On 31 Jul 2020

Industrial Asphalts (Ceylon) PLC gets shareholders’ nod to new capital infusion

Pioneer Sri Lankan owned entity to produce specialist bituminous products in the post independent era, Colombo Stock Exchange listed Industrial Asphalts (Ceylon) PLC – IAC (Stock Code ASPH.N) got company’s shareholders’ approval to the capital raising exercise to raise over Rs....
Posted On 30 Jul 2020

Industrial Asphalts (Ceylon) PLC embarks on an ambitious expansionary plan

Industrial Asphalts (Ceylon) PLC (IAC), a company listed on the Colombo Stock Exchange under the stock code ASPH.N is going through a capital raising exercise with the announcement of the rights issue. The company is the pioneer in the bitumen business in Sri Lanka established in...
Posted On 21 Jul 2020

The Colombo Stock Exchange (CSE) announces new listing opportunities

The Colombo Stock Exchange (CSE) has expanded the eligibility criteria for initial listing of shares on the Main Board and the Diri Savi Board which will enable a wider spectrum of companies to qualify for a listing. The rule revisions, which also brings changes to IPO timelines...
Posted On 15 Jul 2020

Huawei 2020 First Half revenue up 13.1% to US $ 64 Bn

Huawei announced its business results for the first half of 2020 today. The company generated over US $ 64.2 billion (CNY 454 billion) in revenue during this period, a 13.1% increase year-on-year, with a net profit margin of 9.2%. Huawei’s carrier, enterprise, and consumer...
Posted On 15 Jul 2020

CSE offers guidance to its stakeholders on the Empower Board Listing Rules

The Colombo Stock Exchange (CSE) has offered guidance to Stakeholders on areas that require further clarity in relation to the Empower Board Listing Rules. The guidance note is intended at offering stakeholders a clear understanding on the level and manner of compliance expected...
Posted On 08 Jul 2020

Dividend payments by Listed Companies will now reach Shareholders faster

The recently approved amendments to the listing rules of the Colombo Stock Exchange (CSE) by the Securities and Exchange Commission of Sri Lanka (SEC) will enable shareholders to receive dividends declared by Listed companies much faster. These reforms are a part of broader...
Posted On 03 Jul 2020

Mr. Dumith Fernando appointed as the New CSE Chairman

The Colombo Stock Exchange (CSE) is pleased to announce the appointment of Mr. Dumith Fernando as the Chairman of the Board of Directors of the CSE with effect from 01st July 2020. Mr. Fernando has served on the Board of the CSE since 2017 and succeeds Mr. Ray Abeywardena, who...
Posted On 29 Jun 2020