Colombo Stock Exchange News
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Sri Lanka’s benchmark stock index, the Colombo All-Share Index, fell 0.29 percent at 11:35 a.m.
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Sri Lanka’s stock exchange is considering a rule ensuring companies have a minimum amount of stock available for trade to lure foreign investors.
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The halt on Sri Lanka’s Colombo Stock Exchange today was caused by an error trade on Distilleries Co. of Sri Lanka Plc., the exchange’s Chief Executive Officer Surekha Sellahewa said by telephone.
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The trading on Sri Lanka’s Colombo Stock Exchange was halted for 30 minutes after the Milanka Price Index fell more than 5 percent, the exchange said in an announcement on its website today.
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Colombo Stock Exchange trading won’t take place today as system recovery from a hardware failure, shortly after the open auction, was taking “much longer than expected”, according to a statement on its website.
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Trading on Sri Lanka’s Colombo Stock Exchange was halted today after a “hardware breakdown,” Chief Executive Officer Surekha Sellahewa said in a telephone interview today.
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Sri Lanka may sell shares in the local unit of Royal Dutch Shell Plc to the public and list it on the Colombo Stock Exchange, Cabinet Spokesman Keheliya Rambukwella told reporters in the capital today.
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AIA Group Ltd., the third-largest Asia-based insurer, plans to enter the Sri Lanka market with a $109 million cash acquisition of a controlling stake in the country’s second-largest life insurer.
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The best start to a year for stocks in two decades is leaving the smallest markets behind, a sign of reduced investor confidence in the least-developed economies.
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The following are details of a planned initial share sale by Sri Lankan retailer Odel Ltd.
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