FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
FINANCIAL CHRONICLE™️
www.srilankachronicle.com


Join the forum, it's quick and easy

FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
FINANCIAL CHRONICLE™️
www.srilankachronicle.com
FINANCIAL CHRONICLE™
Would you like to react to this message? Create an account in a few clicks or log in to continue.
FINANCIAL CHRONICLE™

Encyclopedia of Latest news, reviews, discussions and analysis of stock market and investment opportunities in Sri Lanka

Click Link to get instant AI answers to all business queries.
Click Link to find latest Economic Outlook of Sri Lanka
Click Link to view latest Research and Analysis of the key Sectors and Industries of Sri Lanka
Worried about Paying Taxes? Click Link to find answers to all your Tax related matters
Do you have a legal issues? Find instant answers to all Sri Lanka Legal queries. Click Link
Latest images

Latest topics

» CIC Holdings Good Times Ahead
by ashan silva Yesterday at 11:00 am

» LANKA CREDIT AND BUSINESS FINANCE PLC (LCBF.N0000)
by K.R Yesterday at 8:51 am

» EPF Fund keep eye on low P/E Shares
by K.R Yesterday at 8:45 am

» SINS - the Tailwind effects of a crisis hit Economy
by Hawk Eye Yesterday at 8:37 am

» Ceylon cold stores
by Hawk Eye Yesterday at 8:25 am

» Asha securities Provide buy signal for CIC
by ddrperera Fri Mar 15, 2024 1:10 am

» LOLC FINANCE PLC (LOFC.N0000)
by kasunkumara Thu Mar 14, 2024 4:41 pm

» CSE ready for another Downtrend?
by D.G.Dayaratne Thu Mar 14, 2024 11:24 am

» LankaLAW Forum : Sri Lanka’s #1 Discussion Platform for Legal Questions and Answers
by blindhog Thu Mar 14, 2024 9:14 am

» FINANCE AND LEASING SECTOR
by ErangaDS Thu Mar 14, 2024 7:19 am

» Sri Lanka poised to benefit from demand surge for ‘non-China origin’ graphite
by samaritan Wed Mar 13, 2024 1:31 pm

» LOLC hotels
by Maharaja Tue Mar 12, 2024 2:34 pm

» CIC HOLDINGS PLC (CIC.N0000)
by nilantha suranga Mon Mar 11, 2024 11:19 pm

» AEL target price ?
by suku502 Mon Mar 11, 2024 11:26 am

» WAPO 200% UP
by LAMDA Sun Mar 10, 2024 10:33 pm

» LOLC Group's stunning performance goes beyond numbers!
by bkasun Sun Mar 10, 2024 7:21 pm

» UNION ASSURANCE PLC (UAL.N0000)
by ErangaDS Thu Mar 07, 2024 6:39 pm

» Focus on Government controlled entities
by ErangaDS Thu Mar 07, 2024 6:33 pm

» Will CEYLON TOBACCO COMPANY PLC (CTC.N0000) delist from the CSE?
by rajithasahan Mon Mar 04, 2024 10:40 am

» EXPO.N - Expo Lanka Holdings De-Listing
by smallinvestor Fri Mar 01, 2024 4:50 pm

» ලොව වැඩිම පොලී ගෙවන රට බවට ශ්‍රි ලංකාව පත් වෙයි
by Beyondsenses Fri Mar 01, 2024 3:43 pm

» Suspension of Parate Execution: Impact to Banking Sector Shares
by God Father Fri Mar 01, 2024 7:15 am

» TAFL is the most undervalued & highly potential counter in the Poultry Sector
by atdeane Thu Feb 29, 2024 10:33 pm

» Excellent Report pending From CTC (Keep eye on CTC )
by ddrperera Thu Feb 29, 2024 7:11 pm

» Investor Alert: Sri Lanka Stock Brokering Mafia Strongly Active!
by D.G.Dayaratne Thu Feb 29, 2024 6:29 am

LISTED COMPANIES

Submit Post
ශ්‍රී ලංකා මූල්‍ය වංශකථාව - සිංහල
Submit Post


CONATCT US


Send your suggestions and comments

* - required fields

Read FINANCIAL CHRONICLE™ Disclaimer



EXPERT CHRONICLE™

ECONOMIC CHRONICLE

GROSS DOMESTIC PRODUCT (GDP)



CHRONICLE™ YouTube

Disclaimer
FINANCIAL CHRONICLE™ Disclaimer

The information contained in this FINANCIAL CHRONICLE™ have been submitted by third parties directly without any verification by us. The information available in this forum is not researched or purported to be complete description of the subject matter referred to herein. We do not under any circumstances whatsoever guarantee the accuracy and completeness information contained herein. FINANCIAL CHRONICLE™ its blogs, forums, domains, subdomains and/or its affiliates and/or its web masters, administrators or moderators shall not in any way be responsible or liable for loss or damage which any person or party may sustain or incur by relying on the contents of this report and acting directly or indirectly in any manner whatsoever. Trading or investing in stocks & commodities is a high risk activity. Any action you choose to take in the markets is totally your own responsibility, FINANCIAL CHRONICLE™ blogs, forums, domains, subdomains and/or its affiliates and/or its web masters, administrators or moderators shall not be liable for any, direct or indirect, consequential or incidental damages or loss arising out of the use of this information. The information on this website is neither an offer to sell nor solicitation to buy any of the securities mentioned herein. The writers may or may not be trading in the securities mentioned.

Further the writers and users shall not induce or attempt to induce another person to trade in securities using this platform (a) by making or publishing any statement or by making any forecast that he knows to be misleading, false or deceptive; (b) by any dishonest concealment of material facts; (c) by the reckless making or publishing, dishonestly or otherwise of any statement or forecast that is misleading, false or deceptive; or (d) by recording or storing in, or by means of, any mechanical, electronic or other device, information that he knows to be false or misleading in a material particular. Any action writers and users take in respect of (a),(b),(c) and (d) above shall be their own responsibility, FINANCIAL CHRONICLE™ its blogs, forums, domains, subdomains and/or its affiliates and/or its web masters, administrators or moderators shall not be liable for any, direct or indirect, consequential or incidental violation of securities laws of any country, damages or loss arising out of the use of this information.


AI Live Chat

You are not connected. Please login or register

Sri Lanka’s largest pension fund EPF return to Colombo Stocks

5 posters

Go down  Message [Page 1 of 1]

Soilconomy


Senior Equity Analytic
Senior Equity Analytic

Sri Lanka’s largest pension fund EPF return to Colombo Stocks

May, 19, 2019

Sri Lanka’s largest pension fund EPF return to Colombo Stocks Process


Sri Lanka’s largest pension fund EPF return to Colombo Stocks CSE-20170117_1244281-1

Analysts say EPF dialed Dialog for a 55 Mn Block at Rs. 9 per share on Friday

 
Sri Lanka's largest pension fund that has piled up money to the tune of over Rs. 2.3 trillion from the private sector workers’ savings Employees' Provident Fund (EPF) has returned to the country’s only capital market Colombo Stock Exchange (CSE), Sri Lanka’s Central Bank Governor Indrajit Coomaraswamy had told reporters amidst benchmark index – Colombo All Share Price Index (ASPI) hitting seven year lows.
 
"The EPF has bought shares in one company last week," Governor Coomaraswamy had told reporters recently, whilst analysts also highlights that a large parcel of country’s Malaysia based Axiata controlled mobile operator Dialog Axiata’s 55,314,469 voting shares were brought via using the EPF funds at Rs. 9 per share in 35 trades.
 
The market turnover hits Rs. 1.38 billion recording over Rs. 1.07 billion domestic purchases, witnessing a second day rally after April 21st , 2019 Easter Bombings that witnessed a continues crash in several sessions. Meanwhile analysts pointed out that EPF’s entrance is necessary to provide required oxygen for a market upturn amidst a lower bank interest regime that was announced and directed by Prime Minister to Central Bank few days ago.
 
Colombo Stock Market witnessed three crossings of Dialog in parcels of 31.9 million, 15.08 million and 8 million shares, whilst Dialog Axiata’s all trades contributed over Rs. 500.45 million to the market turnover on Friday the 17th May 2019. Further 787,694 shares of John keels (JKH) also changed hands via a crossing at Rs. 135.50, however whether the JKH quantity’s buyer was also EPF was unknown.
 
However, Sri Lanka’s Central Bank Governor had said that the EPF policy does not allow him to disclose the new investment, and had told reporters that one of the main reasons for the EPF to enter the secondary stock market was due to the market currently being at a seven-year low, following a market crash after Easter Sunday bombings.
 
Reports quoted analysts notes adding that on May 16, Sri Lanka's stocks were valued at a price to earnings multiple of 8.3 times on historical earnings, though banks and some other firms are taking a beating, with forward multiples set to fall, though there are value stocks to pick.
 
“Stocks have been hit by political unrest, liquidity shortages and a slowing economy” analysts notes.
 
"The Monetary Board has approved the EPF Investment Committee to purchase shares in a small list of companies, which will be added to as time goes on," Governor Coomaraswamy had told reporters adding that the investments will be made cautiously.
 
“The Monetary Board has approved the Investment Committee to invest up to 6% of the portfolio in equity." Governor Coomaraswamy had said.
 
Financials outline that as at the end of year 2018, around 92% of the Rs. 2.3 trillion EPF was invested in government securities, 3.3% in equity, 1.9% in corporate bonds and 1.5% in fixed deposits. The fund had been growing by around by Rs. 300 billion a year, while government borrowing requirements are shrinking, according to Governor Coomaraswamy.
 
Analysts outlined that Governor Coomaraswamy’s comments hinted that fresh funds amounting to over Rs. 62 billion may flow to Colombo Stock time to time.
 
However Governor Coomaraswamy had said that new investment policy framework is still being finalized, and they are adding new things to it from time to time.
 
"We can't invest more in fixed deposits, because that may interfere with our monetary policy stance. That narrows the options we have for investment." Governor added.
 

samaritan


Moderator
Moderator

The entry of EPF into CSE coincides with the impending elections this year. Why was this decision delayed by more than four years?????. Even had they waited for an appropriate time, how could one justify the present moment in the aftermath of an ISIS deadly attack resulting in near death blow to the nation's economy????? Investors have witnessed enough & more of these jazz!!!
The incapable fools who are ruling should QUIT, for us to witness a genuine growth in the CSE!

Uaecoindubai

Uaecoindubai
Manager - Equity Analytics
Manager - Equity Analytics

one day dhammika perera,Harry J,Ashok pathirage,DR.senthil,, etc; & EPF will own 95% of all listed stocks. so tell them to play as their wish and lets keep quite. SEC always pushes for minimum public float but who cares . finally innocent investors may go to hell

By teller

wisdom79

wisdom79
Vice President - Equity Analytics
Vice President - Equity Analytics

That is the reality but remember if small investors can join hand and invest wisely, then all big heads can do nothing.

So better to be positive than being negative.

Good luck!!!!

ice4083


Senior Equity Analytic
Senior Equity Analytic

Who is this EPF, it is the mandatory collection of 15% of the monthly paycheck of every hardworking pvt company citizen of this country, which successive governments have misused for political agendas. Estimates show that the EPF has made tremendous losses in the CSE, and the returns it gives to its contributors is less than the longer end treasury bond rates, which shows how mismanaged this fund is. 
People don't know how much they get robbed in this country.

samaritan


Moderator
Moderator

EPF's entry to CSE is only for window dressing CSE prior to facing elections. Investor confidence is at an unprecedented low ebb which can only lead the indices towards hellhole. A sea change can only pull Sri Lanka's economy out of the hellhole for CSE to turn around. Till then keep fingers crossed.Sri Lanka’s largest pension fund EPF return to Colombo Stocks IAAAAASUVORK5CYII=

Sponsored content



Back to top  Message [Page 1 of 1]

Permissions in this forum:
You cannot reply to topics in this forum