Price Band from 15 days to 10 days

secnews · 1 PRICE BAND 15 DAYS REDUCED TO 10 DAYS Thu Feb 24, 2011 3:50 pm

secnews

Equity Analytic

Posts : 21
Equity Stars : 5110
Reputation : 0
Join date : 2011-02-09

Price band duration on share trading is reduced to 10 days from 15, says SEC-LBO

praba11 · 2 Price Band Duration reduced 15 to 10. Thu Feb 24, 2011 3:52 pm

praba11

Equity Analytic

Posts : 24
Equity Stars : 5083
Reputation : 5
Join date : 2011-02-08
Age : 47

Price band durationon share trading is reduced from 15 days to 10 days with effect from 1st March.

Source - SEC. Basketball

mark · 3 Re: Price Band from 15 days to 10 days Thu Feb 24, 2011 3:54 pm

mark

Expert

Posts : 2677
Equity Stars : 9962
Reputation : 423
Join date : 2011-02-04
Age : 34
Location : Hell....

praba11 wrote:

Price band durationon share trading is reduced from 15 days to 10 days with effect from 1st March.

Source - SEC.

SEEMS TO BE A GOOD MOVE.......... Very Happy

Quibit · 4 PRICE BAND RULE AMENDED Thu Feb 24, 2011 3:57 pm

Quibit

Senior Vice President - Equity Analytics

Posts : 2675
Equity Stars : 11518
Reputation : 380
Join date : 2010-05-08

Price band duration on share trading is reduced from 15 days to 10 days with effect from 1st March 2011.

dimithri · 5 Re: Price Band from 15 days to 10 days Thu Feb 24, 2011 3:59 pm

dimithri

Equity Analytic

Posts : 37
Equity Stars : 5121
Reputation : 1
Join date : 2011-01-27

Quibit wrote:Price band duration on share trading is reduced from 15 days to 10 days with effect from 1st March 2011.

What's that 50% up front deposit?

Slstock · 6 Re: Price Band from 15 days to 10 days Thu Feb 24, 2011 4:09 pm

Slstock

Director - Equity Analytics

Posts : 6610
Equity Stars : 13586
Reputation : 1158
Join date : 2011-01-22

praba11 wrote:

Price band durationon share trading is reduced from 15 days to 10 days with effect from 1st March.

Source - SEC.

Looks like they might phase this out gradually in the future.

tubal · 7 Re: Price Band from 15 days to 10 days Thu Feb 24, 2011 4:27 pm

tubal

Vice President - Equity Analytics

Posts : 1047
Equity Stars : 6492
Reputation : 243
Join date : 2011-01-27

Does that means we can trade these shares through CDAX and not have to call the broker?

Slstock · 8 Re: Price Band from 15 days to 10 days Thu Feb 24, 2011 4:31 pm

Slstock

Director - Equity Analytics

Posts : 6610
Equity Stars : 13586
Reputation : 1158
Join date : 2011-01-22

tubal wrote:Does that means we can trade these shares through CDAX and not have to call the broker?

If they are removing 50% deposit , I guess it mean we should be free to purchase ourselves. Let see.

kiri · 9 Re: Price Band Duration reduced 15 to 10. Thu Feb 24, 2011 5:30 pm

kiri

Manager - Equity Analytics

Posts : 140
Equity Stars : 5234
Reputation : 15
Join date : 2011-02-05

slstock wrote:

tubal wrote:Does that means we can trade these shares through CDAX and not have to call the broker?

If they are removing 50% deposit , I guess it mean we should be free to purchase ourselves. Let see.

please explain more if you can. thank you

ONTHEMONEY · 10 Price Band from 15 days to 10 days Thu Feb 24, 2011 9:42 pm

ONTHEMONEY

Assistant Vice President - Equity Analytics

Posts : 651
Equity Stars : 5924
Reputation : 43
Join date : 2011-01-28
Location : COLOMBO

Feb 24 (Reuters) - Sri Lanka's Securities and Exchange Commission will shorten the 10 percent share price movement limit period to 10 days from 15 with effect from March 1, SEC Chair Indrani Sugathadasa said on Thursday.

The requirement that buyers of stocks under the limit deposit at least 50 percent of the transaction value up front will also be abolished, meaning shares can be bought on credit, she said.

The SEC has clamped a 10 percent share price movement limit on shares to stop manipulation, especially of illiquid stocks.