Presidential forum for stock market on Friday

Redbulls · 1 Presidential forum for stock market on Friday Thu Jul 19, 2012 2:48 am

Redbulls

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President Mahinda Rajapaksa is scheduled to meet capital market representatives on Friday to listen to industry issues as well as articulate the Government’s expectations.

The Securities and Exchange Commission (SEC), the Colombo Stock Exchange (CSE) and several CEOs of broker firms as well as select investors are scheduled to attend the meeting.

The current state of the stock market, regulations and overall challenges as well as innovative ideas to boost the overall capital market are expected to figure in this meeting, which is the second by the President in less than a year.

Despite improved economic fundamentals as emphasised by the Government, the Colombo stock market has so far produced a negative 20% return year-to-date with low activity despite valuations remaining attractive after having dipped by 8.5% last year from the bull runs in 2009 and 2010.
http://www.ft.lk/2012/07/19/presidential-forum-for-stock-market-on-friday/

smallville · 2 Re: Presidential forum for stock market on Friday Thu Jul 19, 2012 6:14 am

smallville

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(CSE) and several CEOs of broker firms as well as select investors are scheduled to attend the meeting.

Hmmm.. I think its usual crowd... DP, NP, DJ, Dr.T S????

Despite improved economic fundamentals as emphasised by the Government,

How and where this was mentioned??? We have to revalidate the economic woes IMO Wink

Slstock · 3 Re: Presidential forum for stock market on Friday Thu Jul 19, 2012 6:17 am

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smallville wrote:

(CSE) and several CEOs of broker firms as well as select investors are scheduled to attend the meeting.

Hmmm.. I think its usual crowd... DP, NP, DJ, Dr.T S????

Think Dr S is not there but Ajith D

VISA · 4 MEETING WITH PRESIDENT Thu Jul 19, 2012 6:39 am

VISA

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SLBC IN TODAY NEWS SAY THERE WILL BE MEETING ON 20TH WITH PRESIDENT REGARDING CURRENT CSE STATUS.

ANY COMMENTS

Market.Player · 5 Re: Presidential forum for stock market on Friday Thu Jul 19, 2012 7:14 am

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SEC, CSE, brokers and big investors have been called by President Mahinda Rajapaksa on Friday to discuss stock market situation: Sources-Daily Mirror

Fresher · 6 Re: Presidential forum for stock market on Friday Thu Jul 19, 2012 7:20 am

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Topics merged

Slstock · 7 Re: Presidential forum for stock market on Friday Thu Jul 19, 2012 7:38 am

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Thanks NPP. There seems to be lot of interest on the president matter as we see several posts on it.
Seems that " the President" itself is a triggering word. But will it trigger CSE short term . We will soon know.

VISA · 8 Re: Presidential forum for stock market on Friday Thu Jul 19, 2012 7:50 am

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PRESIDENT IS THE CABINET MNISTER FOR FINANACE AND HE IS RESPONSIBLE FOR EQUITY MARKET FUNCTIONS. IF COUNTRY'S EQUITY MARKET NOT FUNCTION PROPERLY ( COUNTRY OF OVER 7% GROWTH) HE HAS COMPLETE RIGHT TO DISSCUESS AND FIND OUT THE ISSUES.

Fresher · 9 Re: Presidential forum for stock market on Friday Thu Jul 19, 2012 7:52 am

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VISA wrote:PRESIDENT IS THE CABINET MNISTER FOR FINANACE AND HE IS RESPONSIBLE FOR EQUITY MARKET FUNCTIONS. IF COUNTRY'S EQUITY MARKET NOT FUNCTION PROPERLY ( COUNTRY OF OVER 7% GROWTH) HE HAS COMPLETE RIGHT TO DISSCUESS AND FIND OUT THE ISSUES.

kindly avoid using CAPS

Market.Player · 10 Re: Presidential forum for stock market on Friday Thu Jul 19, 2012 8:20 am

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President to intervene in market affairs again .
Wednesday, 18 July 2012 18:39 .The Commissioners of the Securities and Exchange Commission (SEC), Director Board of Colombo Stock Exchange (CSE), members of the Colombo Stock Brokers Association (CSBA) and several high networth stock market investors have been called for a special meeting by the PresidentMahinda Rajapaksa to discuss the current situation of the Colombo bourse, Mirror Business reliably learns.

According to informed sources, letters have been sent to the above bodies by the Presidential Secretariat calling for a special meeting which is to be held this Friday at 10.30 am.

Amongst the high net worth investors invited are, Dhammika Perera, Nimal Perera, Dilith Jayaweera and Ajith Devasurendra.

This will be the second time the country’s President interceding in matters regarding the Colombo bourse directly.

President Rajapaksa met with brokers and some powerful high net worth investors for the first time in November, last year, which ultimately resulted in the resignation of the then ‘no- nonsense’ SEC Chairperson, Indrani Sugathadasa and Director General Malik Cader. (MIrror Business)