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Huawei releases its 2019 Annual Report

Huawei revenue up 19.1% year-on-year to US $ 123 Bn in 2019  [March 31, 2020] Huawei released its 2019 Annual Report today, detailing a solid business performance. The company’s global sales revenue in 2019 rounded off at US $ 123 billion (CNY 858.8 billion), up 19.1%...
Posted On 02 Apr 2020

Market Closure from 01st April 2020

The extraordinary measures taken by the Government of Sri Lanka in order to contain the COVID-19 pandemic includes an extension of a country-wide curfew. The Government has also given specific directions with regard to social distancing and the public has been asked to stay...
Posted On 31 Mar 2020

Market Holiday on 30th March 2020

In view of the extension of the curfew by the Government, the Colombo Stock Exchange (CSE) has decided that the CSE will remain closed for Trading on Monday, 30th March 2020. Accordingly, 30th March 2020 will be considered as a market holiday.
Posted On 29 Mar 2020

Market Holidays from 25th to 27th March 2020

In view of the extension of the ongoing curfew in the districts of Colombo, Gampaha and Puttalam, the Colombo Stock Exchange has declared the period from 25th to 27th March 2020 as market holidays. Accordingly, the market will be closed from 25th to 27th March 2020.
Posted On 25 Mar 2020

Understanding Market Halts

Halting trading of the market due to an extreme decline in a particular index during the day, as a result of the share prices falling rapidly, is a measure that is implemented by stock markets around the world. Trading Halts triggered by circuit breakers, were a common occurrence...
Posted On 23 Mar 2020

Market Holidays On 23rd and 24th March 2020

In view of the extension of the ongoing curfew in the districts of Colombo, Gampaha and Puttalam, the Colombo Stock Exchange has declared 23rd and 24th March 2020 as market holidays.   Accordingly, the market will be closed on 23rd & 24th March 2020.
Posted On 23 Mar 2020

Exchanges and CCPs support market participants in the face of the global coronavirus (Covid-19) economic shock

The World Federation of Exchanges (“WFE”), the global industry group for exchanges and CCPs, has today issued a statement on coronavirus (Covid-19) and current market volatility.   The economic impact of the Covid-19 pandemic has introduced extraordinary volatility in global...
Posted On 21 Mar 2020

Trading On 20th March 2020 (Friday)

Trading on the Colombo Stock Exchange (CSE) will resume on Friday, 20th March 2020.  The revised Trading hours are set out below: Pre-open session – from 09.30 a.m. to 10.00 a.m. Open Auction      – at 10.00 a.m. Regular Trading – will commence after the Open...
Posted On 20 Mar 2020

Trading On 19th March 2020 (Thursday)

We write further to our Circular (No. 04-03-2020) dated 18th March 2020 regarding the above, notifying the decision taken by the Colombo Stock Exchange (CSE), in consultation with the Securities & Exchange Commission of Sri Lanka (SEC), to resume trading on Thursday, 19th...
Posted On 19 Mar 2020
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Improved Business Sentiment Kindles Interest in Sri Lanka’s Luxury Property Market

A mood of optimism and expectation pervades life in Sri Lanka in the year 2020 as positive moves by the new government to streamline the nation’s tax structure, professionalize state-owned institutions, streamline ease-of-doing business standings and other business-friendly...
Posted On 20 Feb 2020

The first IPO since January 2018

HNB Finance Limited, a licensed finance company has obtained approval from the Colombo Stock Exchange to list its voting and non-voting ordinary shares. The ordinary voting shares will be listed by way of an IPO via an Offer for Sale of 10mn shares at a price of Rs. 5.70 per...
Posted On 11 Feb 2020
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Hayleys Group delivers an improved performance in the 2nd quarter of 2019/20

The Hayleys Group, Sri Lanka’s most diversified conglomerate, posted improvements in turnover, operating performance and overall profitability during the 2nd quarter of 2019/20 supported by the strong performance of its export businesses. Meanwhile, the Group also recorded an...
Posted On 15 Nov 2019