Posts tagged Manipulation

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 ...

Market manipulation on shoestring budget

Feb. 29, 2012, 4:38 a.m. Manipulation , TSML

The above image shows the top gainers at the Colombo Stock Exchange on the 28th of February. MNany of them are rather illiquid but look at how their prices have jumped during the last session. Then look at the volumes - it's single digit for most them. TSML (Tea Small Holder Factories) jumped 40% wi ...

Dodgy becomes dodgier

Feb. 27, 2012, 11:29 p.m. LSE , Manipulation , millenium

As equity markets go, the Colombo Stock Exchange was the dodgiest around. Was? It just became dodgier with the implementation of the new Automated Trading System. It should be shutdown permanently to avoid further embarrassment or before the system breaks down completely.Occasionally you would place ...

What the ATS upgrade taught us about the Colombo Stock Exchange

Feb. 27, 2012, 4:11 a.m. BUKI , Manipulation , Millennium , Short

Asia's best performing stock exchange of 2010 achieved that milestone partly because it's an exchange where short selling is disallowed. That's right, the Colombo Stock Exchange happens to be one of the most primitive around, incidentally it's leader contender for the title of world's dodgiest as we ...