Posts tagged MPI

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 ...

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 ...

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 ...

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 ...

Assume the regulators will not do their job

Aug. 16, 2011, 3:08 a.m. ASI , MPI , Williams

Was it the legendary trader Larry Williams who said you should assume that the regulators will not do their job? So you should be surprised if they take action against manipulators. So we should not be surprised that the last successfull action against manipulators by the Securities Exchange Commisi ...

Flash Crash of the CSE

Aug. 8, 2011, 1:28 p.m. ASI , BUKI , Candles , HNB , MPI , NYSE

It was the most interesting day of the year at the CSE. With in seconds of the opening, the Milanka Price index plummeted more than 4% when the index heavy Hatton National Bank (HNB) plunged from 220 to 120. Not as bad as the flash crash of the NYSE when the Dow plunged 9% and recovered but disturbi ...

V Bottoms

July 30, 2011, 1:48 a.m. ASI , double bottom , MPI

It is said that bear markets rarely form V shaped bottoms. I have not seen any research to prove or disprove it (but it maybe out there). The punters (you can't call them investors or traders) who dabble in the Colombo Stock Exchange were in denial until a few weeks ago that we are in a bear market. ...