Lanka Securities Morning Note 13 June 2015

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Lanka Securities Morning Note 13 June 2015 Empty Lanka Securities Morning Note 13 June 2015

Post  Melissa Pereira on Wed Jun 17, 2015 10:33 am

Today:
Marawila Resorts - Right issue - Provisional Allotment
Serendib Hotels - Dividend payment date (LKR 1.00 per share)
Diesel & Motor Engineering - Dividend payment date (LKR 20.00 per share)
Vallibel Finance - Dividend payment date (LKR 2.00 per share)
Guardian Capital Partners - Dividend payment date (LKR 0.75 per share)

Tomorrow:
Marawila Resorts - Right issue – XR date
Hotel Sigiriya - Dividend payment date (LKR 5.00 per share)
Dolphin Hotels - Dividend payment date (LKR 1.50 per share)
Dialog Axiata - XD date (LKR 0.13 per share)
The Lanka Hospitals Corporation - XD date (LKR 0.50 per share)
Access Engineering - XD date (LKR 0.25 per share)


Sri Lanka securities regulator to allow short selling in equity markets: Sri Lanka’s securities watchdog says the Securities and Exchange Commission is currently looking at regulatory frame work to allow short selling in the equity markets. “We are thinking of short selling for the equity market with certain guild lines.” Director General of the Securities and Exchange Commission, Vajira Wijegunawardene said. He emphasized the need to have a strong mechanism to allow short selling especially in the equity markets. “With equities obviously you are not going to allow any stock to be short sold. It has to be certain liquidity criteria and other requirements,” “That will happen along with buy in board with the Central Counter Party implementation.” he added. The Automated Trading System at the Colombo Stock Exchange is currently coupled with the Central Depository Systems blocking short selling of securities. “With the new initiatives it’s going to be decoupled which means people will be able to sell securities that they do not have,” “Right now we are working on the policies to enable short selling.” he said. He further stated that the unlisted bond market in the country will also get streamlined through the regulator intervention
Please refer the link- http://www.lsl.lk/pdf/research/morningnotes.pdf

Melissa Pereira

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