Posts tagged cse

So where's the trade halt

April 27, 2012, 5:20 a.m. cse , Flash Crash , MPI , Trade Halt

Call it the Colombo Lies Exchange, the Colombo Jokes Exchange or all it whatever you want but please don't call it the Colombo Stock Exchange for that would be a grave insult to the real stock exchanges elsewhere in the world. Milanka Price Index down 10%This is a screenshot of the CSE home page cap ...

CSE bugs still not fixed after two months

April 20, 2012, 4:16 a.m. ASI , cse

It's nearly two months since the automated trading system of the Colombo Stock Scam Exchange was upgraded. The upgrade came with a list of bugs as long as your arm. Nearly two months later, those bugs have not been fixed.This screenshot, captured from the CSE home page at 9:37 shows that 31 counters ...

Colombo Scam Exchange.

March 2, 2012, 3:43 a.m. CDIC , cse , Manipulation , MillenniumIT , SELI

On the 1st of March, the all share price index of the CSE gained 0.2% even while the the declining counters  outnumber the gainers. To be precise 122 counters declined while price rises were seen only in 90 counters. How is that possible? because several counters make disproportionately large positi ...

ATS 7 Trouble Continues

March 1, 2012, 5:29 a.m. ATrade , ATS 7 , CDAX , cse , MilleniumIT

Colombo Stock Exchange recently upgraded to version 7 of their Automated Trading System, a software shipped with show stopping bugs. I have already mentioned how the CSE no longer records all transactions. I have also explained how you would place an order and find that it's not in the order books ...

Will the new broom sweep clean?

Dec. 8, 2011, 3:47 p.m. cse , sec

Last post on the market for a while, from tommorow it's just going to be sit and watch with most of the money out of the market and safely back in the bank. Let us hope that the new Chief of the Securities Exchange Commission doesn't end up having to fight a bubble as his first task like the last on ...

Crawling Out of The Woodwork

Dec. 4, 2011, 12:24 p.m. BUKI , cse , sec , T-Bill

It was only six weeks ago that the Lanka Business Review had a piece by Shamindra Kulamannage on the Colombo Bourse: ...

A Collective WTF at the Colombo Stock Exchange.

Nov. 29, 2011, 2:43 p.m. Chart , cse , Intra day , lame , MPI

At 10:50 on Nov 25, the Milanka Price Index dropped 5.1% below the previous close and fell to 4,882 . With in minutes, it reverted to 4989 a drop of merely 3%. At this point the circuit breaker, which is supposed to kick in at a 5% drop, shut down the market. Stranged isn't it that there was a delay ...

Today's Challenge

Nov. 28, 2011, 9:45 a.m. cse , warrants , weird

Ladies and gentlemen, the challenge before you now to go through the Colombo Stock Exchange's top gainers list for today and find a counter worth investing. You may click on the table to bring up a larger, clearer one. Top Gainers list for Nov 28, 2011 at the Colombo Stock Exchange Couldn't spot any ...

What Really Happens to Small Investors

Nov. 28, 2011, 3:18 a.m. cse , CSF , KGAL , NAMU , RICH

"I am going to invest 1.4 million rupees in the stock market which i got from selling JINS 40000 @ 20.30 and CSF 25000 @ 24.10 and i am confused about the current market. What do u think or recommend as good shares to buy?" - Post #29255 at the  Sri Lanka Equity Forum. WOW!  In another post in tha ...

A convenient excuse

Nov. 25, 2011, 5:06 p.m. cse , DIST , Flash Crash , Liquidity , MPI , Trade Halt

Today trading at the Colombo Stock Exchange was halted when the Milanka Price Index dropped by more than 5.13% in a day. A 5% drop is nothing for a stock exchange to be ashamed about these days when markets across the world are tumbling. But this is the CSE, which had only six weeks ago had claimed ...

Guardian's Howler

Nov. 18, 2011, 5:26 p.m. ASI , Capital Trust , cse , GUAR , Trading Range

"Equity markets to face challenging times in the months to come with the knock on impact of vagaries in international arkets. We believe the CSE to be range bound and trade within a band of 6,400 to 6,800 All Share Index level" Ceylon Guardian Investment Trust PLC   Everybody makes mistakes. S ...

Was the SEC director general fired due to incompetence?

Nov. 5, 2011, 3:17 a.m. cse , Price Band , sec , WAPO

The director general of the Securities Exchange Commision of Sri Lanka was fired on the second of November. The market cheered the move with both indices gaining as much as 3.5% intraday.  In actual fact, Malik Cader was not fired but kicked upstairs (given a more senior post at the finance ministry ...

CSE is Heading in the Right Direction at Last

Oct. 18, 2011, 7:31 a.m. cse , October Curse

"Market’s rapid slide threatens to make the month year's worst ever with Rs. 116 b wiped off in value already ASI 24 points short of sinking to 2011’s lowest level Analysts say institutional and retail investors need to be optimistic and return to market on a buying mood" ...

The october curse comes early?

Sept. 24, 2011, 1:35 p.m. ASI , cse , MPI

September dawned with the Financial Times, a Sri Lankan newspaper that dedicates most of it’s space to press releases carrying a story titled ‘super september‘ with absolutely rediculous statistics. To their credit though, they did publish my comment on that page calling it exactly that. However the ...

The SEC isn’t as dumb as it looks

Sept. 15, 2011, 1:54 p.m. cse , sec , warrants

Either the Sri Lankan Securities Exchange Commision isn’t as dumb as it looks or the commissioners are finally waking up to the reality that their inaction is gradually killing the Colombo Stock Exchange.When you hear the phrase ‘Finger licking good’ and you think of KFC, ‘The ultimate driving machi ...

The October Curse

Sept. 1, 2011, 1:41 p.m. cse , January Effect , October Curse

The Financial Times is a publication that appears to be staffed almost exclusively by PR men moonlighting for large companies and stock broker firms. At least 90% of space is set aside for press releases. That’s a lousy statistic but I am adhering to the same standard as the FT.Todays’ edition carri ...

Moving the goal posts

Aug. 10, 2011, 1:38 a.m. Bubble , cse , entropy , sec

The absolute zero of temperature is unattainable - the third law of thermodynamics.   Prof. Jerence Nansel Oleap Fernando better known as Prof JNO, lectured us on Thermodynamics during our final year at the University of Colombo. He likened the attempt to reach absolute zero to a game of footb ...