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FINANCIAL CHRONICLE™ » DAILY CHRONICLE™ » President to intervene in stock market - Special meeting on friday

President to intervene in stock market - Special meeting on friday

+6
worthiness
K.Haputantri
ddindika
Harry82
prabath
upuln
10 posters

Go down  Message [Page 1 of 1]

upuln

upuln
Equity Analytic
Equity Analytic
President to intervene in market affairs again
WEDNESDAY, 18 JULY 2012 18:39
The Commissioners of the Securities and Exchange Commission (SEC), Director Board of Colombo Stock Exchange (CSE), members of the Colombo Stock Brokers Association (CSBA) and several high networth stock market investors have been called for a special meeting by the PresidentMahinda Rajapaksa to discuss the current situation of the Colombo bourse, Mirror Business reliably learns.

According to informed sources, letters have been sent to the above bodies by the Presidential Secretariat calling for a special meeting which is to be held this Friday at 10.30 am.

Amongst the high net worth investors invited are, Dhammika Perera, Nimal Perera, Dilith Jayaweera and Ajith Devasurendra.

This will be the second time the country’s President interceding in matters regarding the Colombo bourse directly.

President Rajapaksa met with brokers and some powerful high net worth investors for the first time in November, last year, which ultimately resulted in the resignation of the then ‘no- nonsense’ SEC Chairperson, Indrani Sugathadasa and Director General Malik Cader. (MIrror Business

http://www.dailymirror.lk/news/20406-president-to-intervene-in-market-affairs-again.html

prabath


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
Last time president intervene some broker firms barked about possitive market,look what has happened after that( after December meeting),so can we expect some difference this time,It should be now or never for CSE.

Harry82

Harry82
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
wow good news.
Tomorrow we can see the positive sentiment on the market. Very Happy bull run



Last edited by Harry82 on Wed Jul 18, 2012 7:04 pm; edited 1 time in total (Reason for editing : error)

prabath


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
https://www.youtube.com/watch?v=rl7Q6OnpBPo

CHECK THIS EVERYONE,THIS IS WHAT HAPPENED AFTER THE MEETING LAST TIME.wORLD NO ONE END OF 2011,THAT'S WHAT HE SAYS,IN 2012 NOW WE HAVE 20% NEGATIVE RETURN.ane mage kata. Razz

ddindika

ddindika
Manager - Equity Analytics
Manager - Equity Analytics
The Commissioners of the Securities and Exchange Commission (SEC), Director Board of Colombo Stock Exchange (CSE), members of the Colombo Stock Brokers Association (CSBA) and several high networth stock market investors have been called for a special meeting by the PresidentMahinda Rajapaksa to discuss the current situation of the Colombo bourse, Mirror Business reliably learns.

According to informed sources, letters have been sent to the above bodies by the Presidential Secretariat calling for a special meeting which is to be held this Friday at 10.30 am.

Amongst the high net worth investors invited are, Dhammika Perera, Nimal Perera, Dilith Jayaweera and Ajith Devasurendra.

This will be the second time the country’s President interceding in matters regarding the Colombo bourse directly.

President Rajapaksa met with brokers and some powerful high net worth investors for the first time in November, last year, which ultimately resulted in the resignation of the then ‘no- nonsense’ SEC Chairperson, Indrani Sugathadasa and Director General Malik Cader. (MIrror Business)
http://www.dailymirror.lk/news/20406-president-to-intervene-in-market-affairs-again.html

prabath


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
https://www.youtube.com/watch?v=rl7Q6OnpBPo
CHECK THIS EVERYONE,THIS IS WHAT HAPPENED AFTER THE MEETING LAST TIME.wORLD NO ONE END OF 2011,THAT'S WHAT HE SAYS,IN 2012 NOW WE HAVE 20% NEGATIVE RETURN.ane mage kata. Razz

Harry82

Harry82
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
No. Now most of the companies PER is below or equal it's asset value. therefor we can expect bull run

K.Haputantri

K.Haputantri
Co-Admin
@prabath wrote:https://www.youtube.com/watch?v=rl7Q6OnpBPo
CHECK THIS EVERYONE,THIS IS WHAT HAPPENED AFTER THE MEETING LAST TIME.wORLD NO ONE END OF 2011,THAT'S WHAT HE SAYS,IN 2012 NOW WE HAVE 20% NEGATIVE RETURN.ane mage kata. Razz
Malli hari malli. Ohoma yan. confused

worthiness


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
I believe this time the President will emphasize the importance of placing the rule of law & good governance rather bowing to the demands of HNWIs who controls the market entirely. What would be the outcome of the meeting if big shots are not satisfied at the expense of majority investors?

hawklk


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
President to meet Dhammika Perera, Nimal Perera, Dilith Jayaweera and Ajith Devasurendra. Will DP get SEC Director General appointment? Discussed in http://forum.srilankaequity.com/t20218-changes-at-sec

Quote:

The Commissioners of the Securities and Exchange Commission (SEC), Director Board of Colombo Stock Exchange (CSE), members of the Colombo Stock Brokers Association (CSBA) and several high networth stock market investors have been called for a special meeting by the President Mahinda Rajapaksa to discuss the current situation of the Colombo bourse, Mirror Business reliably learns.

According to informed sources, letters have been sent to the above bodies by the Presidential Secretariat calling for a special meeting which is to be held this Friday at 10.30 am.

Amongst the high net worth investors invited are, Dhammika Perera, Nimal Perera, Dilith Jayaweera and Ajith Devasurendra.

This will be the second time the country’s President interceding in matters regarding the Colombo bourse directly.

President Rajapaksa met with brokers and some powerful high net worth investors for the first time in November, last year, which ultimately resulted in the resignation of the then ‘no- nonsense’ SEC Chairperson, Indrani Sugathadasa and Director General Malik Cader


http://www.dailymirror.lk/news/20406-president-to-intervene-in-market-affairs-again.html

Gainer

Gainer
Associate Director - Equity Analytics
Associate Director - Equity Analytics
Good news thankyou.

bullrun

bullrun
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
It is better someone report the funny decision taken and the way they reversed and the effect to the market etc.

aj


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
What would be the message given of the Colombo Scam Exchange when the president meets some questionable high net worth people and brokers? It's like meeting drug dealers and drug kings when the society is suffering from drug menace.

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