Sri Lanka Equity Forum
Dear Reader,

Registration with the Sri Lanka Equity Forum 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
Sri Lanka Equity Forum

Discussion Forum for Stock Market Investors in Sri Lanka

සිංහල පරිවර්තනය
Contribute
Submit Post

Latest topics

» LOLC FINANCE PLC (LOFC.N0000)
by Teller Today at 1:36 am

» CSE RULES (CSE වල දැනට තියන නීති ගැන)
by ColomboCSE Today at 1:32 am

» AAF next week running
by Teller Today at 1:24 am

» Time to sell
by Teller Today at 1:21 am

» EAST WEST PROPERTIES PLC (EAST.N0000)
by wisdom79 Yesterday at 8:34 pm

» Insurance Sector
by wisdom79 Yesterday at 7:29 pm

» Chairmen of three State Institutions
by roshan1039 Yesterday at 6:37 pm

» Shares to Buy
by kalyana1970 Yesterday at 5:20 pm

» kaufen Deutscher Führerschein ((WhatsApp...+4915210675228)) kaufen Schweizer Führerschein, kaufen Österreich Führerschein
by tonyserge Yesterday at 3:35 pm

» A Must listen Speech ..
by ColomboCSE Yesterday at 1:01 am

» Why technological companies not
by ColomboCSE Yesterday at 12:31 am

» BAIRAHA FARMS PLC (BFL.N0000)
by bhanu Sat Dec 07, 2019 8:35 pm

» World biggest IPO raises $25.6 Billion
by ipo Sat Dec 07, 2019 12:55 pm

» Santa Claus is coming to Colombo
by God Father Sat Dec 07, 2019 10:45 am

» Daily Stock Market Update
by God Father Sat Dec 07, 2019 10:33 am

» Plantation Sector
by Quibit Sat Dec 07, 2019 10:29 am

» Time to Buy
by Miss-Sangeetha Sat Dec 07, 2019 9:55 am

» COLO and DOCK Moving to 100
by npgslnawa Sat Dec 07, 2019 12:14 am

» EASTERN MERCHANTS PLC (EMER.N0000)
by PDH Fri Dec 06, 2019 11:43 pm

» NESTLE LANKA PLC (NEST.N0000)
by bhanu Fri Dec 06, 2019 5:22 pm

» IDL ,CLND ,
by Teller Fri Dec 06, 2019 3:25 pm

POPULAR COMPANIES
A

ABANS ELECTRICALS PLC

ACCESS ENGINEERING PLC Hot

ACL CABLES PLC

ACL PLASTICS PLC

ACME PRINTING & PACKAGING PLC

AGSTAR PLC

AITKEN SPENCE HOTEL HOLDINGS PLC

AITKEN SPENCE PLC

ANILANA HOTELS AND PROPERTIES PLC

ARPICO INSURANCE PLC

ASIA ASSET FINANCE PLC

ASIA CAPITAL PLC

B

BAIRAHA FARMS PLC

BALANGODA PLANTATIONS PLC

BIMPUTH FINANCE PLC

BLUE DIAMONDS JEWELLERY WORLDWIDE PLC

B P P L HOLDINGS PLC

BROWNS BEACH HOTELS PLC

BROWNS INVESTMENTS PLC

C

CARGO BOAT DEVELOPMENT COMPANY PLC

CENTRAL INDUSTRIES PLC

CEYLON COLD STORES PLC

CEYLON GRAIN ELEVATORS PLC Hot

CEYLON TEA BROKERS PLC

CEYLON TOBACCO COMPANY PLC

CHEVRON LUBRICANTS LANKA PLC

COLOMBO FORT LAND & BUILDING PLC

COMMERCIAL BANK OF CEYLON PLC

CITRUS LEISURE PLC Hot

COMMERCIAL CREDIT AND FINANCE PLC

D

DANKOTUWA PORCELAIN PLC

DFCC BANK PLC

DIALOG AXIATA PLC

DIALOG FINANCE PLC

DIPPED PRODUCTS PLC

DISTILLERIES COMPANY OF SRI LANKA PLC

DUNAMIS CAPITAL PLC

E

EAST WEST PROPERTIES PLC Hot

EASTERN MERCHANTS PLC

EXPOLANKA HOLDINGS PLC

E-CHANNELLING PLC

F

FIRST CAPITAL HOLDINGS PLC

G

GALADARI HOTELS (LANKA) PLC

GUARDIAN CAPITAL PARTNERS PLC

H

HATTON NATIONAL BANK PLC

HAYLEYS PLC

HAYLEYS FABRIC PLC

HAYLEYS FIBRE PLC Hot

HEMAS HOLDINGS PLC

HIKKADUWA BEACH RESORT PLC

HNB ASSURANCE PLC

HVA FOODS PLC

J

JANASHAKTHI INSURANCE COMPANY PLC

JOHN KEELLS HOLDINGS PLC Hot

JOHN KEELLS HOTELS PLC

L

LANKA ASHOK LEYLAND PLC

LANKA IOC PLC

LANKEM CEYLON PLC

LANKEM DEVELOPMENTS PLC

LAUGFS GAS PLC

LAUGFS POWER LIMITED

LOLC FINANCE PLC

LOLC HOLDINGS PLC

LUCKY LANKA MILK PROCESSING COMPANY PLC

M

MELSTACORP PLC

N

NATIONAL DEVELOPMENT BANK PLC

NATION LANKA FINANCE PLC

NESTLE LANKA PLC

O

ORIENT FINANCE PLC

OVERSEAS REALTY (CEYLON) PLC

P

PANASIAN POWER PLC

PEOPLE'S LEASING & FINANCE PLC

PIRAMAL GLASS CEYLON PLC

PRIME FINANCE PLC

R

RAIGAM WAYAMBA SALTERNS PLC

RENUKA AGRI FOODS PLC

RENUKA CAPITAL PLC

RENUKA HOLDINGS PLC

RICHARD PIERIS AND COMPANY PLC

RICHARD PIERIS EXPORTS PLC Hot

ROYAL CERAMICS PLC

S

SAMPATH BANK PLC

SEYLAN BANK PLC

SIERRA CABLES PLC

SINGHE HOSPITALS PLC Hot

SMB LEASING PLC

SOFTLOGIC HOLDINGS PLC

SOFTLOGIC LIFE INSURANCE PLC

SRI LANKA TELECOM PLC

SWISSTEK (CEYLON) PLC Hot

T

TEEJAY LANKA PLC

TESS AGRO PLC

THREE ACRE FARMS PLC

TOKYO CEMENT COMPANY (LANKA) PLC Hot

U

UNION BANK OF COLOMBO PLC

V

VALLIBEL FINANCE PLC

VALLIBEL ONE PLC Hot

VALLIBEL POWER ERATHNA PLC

W

WASKADUWA BEACH RESORT PLC

Advertise

You are not connected. Please login or register

Sri Lanka Equity Forum » Stock Market Talk » EPF/ETF barred from investing in stocks until cleared of pump-and-dump allegations

EPF/ETF barred from investing in stocks until cleared of pump-and-dump allegations

Go down  Message [Page 1 of 1]

Eugine Fernando


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
The Central Bank (CB) is awaiting relevant authorities to clear the Employee’s Provident Fund (EPF) and Employees’ Trust Fund (ETF) of all charges pertaining to pump and dump allegations in order to restart investing in the Colombo Stock Exchange (CSE), officials said.
The two state funds stopped investing in the CSE following the bad blood during the pump and dump era two years ago, which has pushed the CSE to lobby the Treasury to get the CB to lure both agencies to restart their investments. The two funds dominate the pensions industry and about 92 per cent of these funds are invested in government securities. Only 6.5 per cent of the Rs. 3.1 trillion market capitalisation of the CSE is owned by institutional institutions such as EPF, ETF, insurance companies and unit trusts.
“There are many court cases against the EPF and the ETF and we can only go back to the market after we’re cleared of these misdemeanors,” a CB official told the Business Times on the basis of anonymity.
The two agencies stopped putting cash in the CSE about two years ago. The reason was that it was alleged that the EPF had incurred losses through the purchase of stocks in companies with artificially bloated share prices. The Treasury’s stance is that EPF is not the private fund of a few people to decide on its investments; particularly questionable transactions in the CSE where allegations of ‘pump and dump’ have been made. The Securities and Exchange Commission (SEC) and CSE met with the Treasury officials recently to implore them to reverse this decision last month but despite many presentations they have turned a blind eye.
Analysts say that now’s the right time to consider creating more broadly diversified portfolios subject to the investment constraints to optimise the risk-reward structure of these portfolios. With pension reforms, offering portfolio choices to subscribers, creating investment portfolios based on subscriber preferences and allowing external fund management of portions of pension portfolios will likely help diversify portfolios and enhance returns to subscribers in the long-term, they say.

sheildskye

sheildskye
Manager - Equity Analytics
Manager - Equity Analytics
Good decision, but there should ideally be a mechanism in place to block traders from dumping.

Back to top  Message [Page 1 of 1]

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