Sri Lanka's bourse relaxes rule on 10 pct price band

   Apr 20, 4:14 pm

Colombo, April 20 (Xinhua-ANI): Sri Lanka's stock market opened on a positive note on Friday after the removal of the 10 percent price band by the Securities and Exchange Commission (SEC), analysts said here. The market's value swelled by 41 billion rupees (32.3 million U. S. dollars) after the announcement while the main All Share Price Index gained by 2 percent or 111 points as sentiments of investors and brokers got a boost from the SEC. The SEC, which is the regulatory arm of the Colombo Stock Exchange, said in a statement its commissioners at their meeting on Wednesday decided in favor of the lifting of the five-market- day 10 percent price band on certain securities based on an agreed formula which takes into account volatility and volumes, with immediate effect. Despite the removal, the SEC said it will continue to monitor the behavior of the market and the price band may be re-imposed in the future. Most brokers made it a point to welcome the removal of the price band in addition to linking it to the market's revival while some cautioned investors from being carried away. (Xinhua-ANI)

Toshiba wins major order in Malaysia for 2,000 MW ultra-super-critical steam turbine Sep 2, 6:03 pm
Tokyo, Sept. 2 (ANI): Toshiba Corporation, one of the world's leading suppliers of thermal power generation equipment, today announced that a consortium of Toshiba, IHI Corporation, Hyundai Engineering Co., Ltd. and Hyundai Engineering and Construction Co., Ltd., has won an engineering, procurement and construction contract (EPC Contract) for a 2,000 MW ultra-super-critical coal-fired power generation project in Mukim Jimah in Negeri Sembilan, Malaysia (Project).
Full Story
Canadian companies look to expand partnerships with India in renewable energy Sep 2, 1:03 pm
New Delhi, Sept. 2 (ANI): A delegation of 16 Canadian companies will arrive in India this week to attend the 8th Renewable Energy India 2014 Expo to be held in Greater Noida from September 3 to 5.
Full Story
India PC shipments in Q2 plunges 28 percent YOY Sep 1, 6:50 pm
Washington, Sep 1 (ANI): Recent findings from IDC shows that India PC shipment stands at 2.55 million units in second quarter, plunging 28 percent year-on-year but rising of 24 percent quarter-on-quarter.
Full Story
Japan's disaster preparedness and agri-research 'remarkable' Sep 1, 5:38 pm
Tokyo, Sept. 1 (ANI): Japan's experience with the Great Earthquake and the Sarin gas attack in Tokyo subway by terrorists has prompted the Tokyo Metropolitan Government to undertake a range of disaster prevention and management measures.
Full Story
Comments

LATEST STORIES
TOP VIDEO STORIES
PHOTO GALLERY