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Sri Lanka Equity Forum » Stock Market Talk » SEC to take measures to support the stock market

SEC to take measures to support the stock market

Go down  Message [Page 1 of 1]

chandike73

chandike73
Equity Analytic
Equity Analytic
http://bizenglish.adaderana.lk/sec-to-take-measures-to-support-the-stock-market/

The Members of the Commission of the Securities and Exchange Commission of Sri Lanka (SEC) convened a special meeting Wednesday (11th March 2020) to assess the current situation in the stock market and determine what regulatory relief and assistance was needed to manage the impact arising from the global stock market downturn due to the panic triggered by the escalation of the Covid-19 outbreak. Mr. Viraj Dayaratne, PC, Chairman, SEC, Mr. Chinthaka Mendis, Director General, SEC along with Commissioners Mr. Manil Jayesinghe, Mr. H. A. Karunaratne, Mr. Priyantha Ratnayake, Mr. Naresh Abeysekera and Mr. Rajeeva Bandaranaike, Chief Executive Officer, Colombo Stock Exchange (CSE) participated at this meeting.

After the said meeting, the Chairman, the Director General, and other senior officials of the SEC held discussions with the Chief Executive Officers (CEOs) of stockbroker firms to obtain their views with regard to the present situation in the stock market and requested them to forward their suggestions to the SEC promptly.

The CEOs of Stockbroker firms were optimistic that the Colombo Stock Market will bounce back strongly since the downturn was due to a global phenomenon. They also expressed the view that there is scope for investors in the Sri Lankan market due to the attractive valuation our market offers

Quibit

Quibit
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
Close down the stock market for 1 month.

nigma


Manager - Equity Analytics
Manager - Equity Analytics
හරියටම හරි... general election එක ඉවර වෙනකම් වසා දැමිය යුතුය...

Quibit

Quibit
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@chandike73 wrote:http://bizenglish.adaderana.lk/sec-to-take-measures-to-support-the-stock-market/

The Members of the Commission of the Securities and Exchange Commission of Sri Lanka (SEC) convened a special meeting  Wednesday (11th March 2020) to assess the current situation in the stock market and determine what regulatory relief and assistance was needed to manage the impact arising from the global stock market downturn due to the panic triggered by the escalation of the Covid-19 outbreak. Mr. Viraj Dayaratne, PC, Chairman, SEC, Mr. Chinthaka Mendis, Director General, SEC along with Commissioners Mr. Manil Jayesinghe, Mr. H. A. Karunaratne, Mr. Priyantha Ratnayake, Mr. Naresh Abeysekera and Mr. Rajeeva Bandaranaike, Chief Executive Officer, Colombo Stock Exchange (CSE) participated at this meeting.

After the said meeting, the Chairman, the Director General, and other senior officials of the SEC held discussions with the Chief Executive Officers (CEOs) of stockbroker firms to obtain their views with regard to the present situation in the stock market and requested them to forward their suggestions to the SEC promptly.

The CEOs of Stockbroker firms were optimistic that the Colombo Stock Market will bounce back strongly since the downturn was due to a global phenomenon. They also expressed the view that there is scope for investors in the Sri Lankan market due to the attractive valuation our market offers


"The CEOs of Stockbroker firms were optimistic that the Colombo Stock Market will bounce back strongly since the downturn was due to a global phenomenon. They also expressed the view that there is scope for investors in the Sri Lankan market due to the attractive valuation our market offers" Rolling Eyes Rolling Eyes Rolling Eyes Rolling Eyes Rolling Eyes Rolling Eyes

NO STEPS HAVE BEEN TAKEN SO FAR OTHER THAN HALTING THE MARKET. BROKERS ARE JUST TRYING TO FOOL THE INVESTORS AND SEC AS USUAL.

NANDANA2012


Manager - Equity Analytics
Manager - Equity Analytics
Now its a panic.. Not informed decisions.. Corona do not require this big downturn.. Overall 5% should have been fine for a market which was highly undervalued..Closing the market is good for all - economy and retailers.

ChooBoy


Manager - Equity Analytics
Manager - Equity Analytics
@NANDANA2012 wrote:Now its a panic.. Not informed decisions.. Corona do not require this big downturn.. Overall 5% should have been fine for a market which was highly undervalued..Closing the market is good for all - economy and retailers.
Govt declares a 3-day additional holiday (17, 18, 19)This is NOT valid for Health, Food Supply, Transport sectors, Essential Services, Banks, GA & DS offices- adaderana.lk

Yahapalanaya

Yahapalanaya
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@ChooBoy wrote:
@NANDANA2012 wrote:Now its a panic.. Not informed decisions.. Corona do not require this big downturn.. Overall 5% should have been fine for a market which was highly undervalued..Closing the market is good for all - economy and retailers.
Govt declares a 3-day additional holiday (17, 18, 19)This is NOT valid for Health, Food Supply, Transport sectors, Essential Services, Banks, GA & DS offices- adaderana.lk
Let them close until election.Then government can use them for election propaganda!! Very Happy Very Happy Very Happy

Quibit

Quibit
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@Yahapalanaya wrote:
@ChooBoy wrote:
@NANDANA2012 wrote:Now its a panic.. Not informed decisions.. Corona do not require this big downturn.. Overall 5% should have been fine for a market which was highly undervalued..Closing the market is good for all - economy and retailers.
Govt declares a 3-day additional holiday (17, 18, 19)This is NOT valid for Health, Food Supply, Transport sectors, Essential Services, Banks, GA & DS offices- adaderana.lk
Let them close until election.Then government can use them for election propaganda!! Very Happy Very Happy Very Happy

They should have restricted trading hours.

target1


Equity Analytic
Equity Analytic
Buy back, funds, Active investors, retailers,dividends, cash inject

anges


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
THEY DID NOTHING .........HOPE THEY WILL REDUCE THE TAXES ATLEAST

Quibit

Quibit
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
Taking no action is the best action!

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