FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
FINANCIAL CHRONICLE™️
www.srilankachronicle.com


Join the forum, it's quick and easy

FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
FINANCIAL CHRONICLE™️
www.srilankachronicle.com
FINANCIAL CHRONICLE™
Would you like to react to this message? Create an account in a few clicks or log in to continue.
FINANCIAL CHRONICLE™

Encyclopedia of Latest news, reviews, discussions and analysis of stock market and investment opportunities in Sri Lanka

Click Link to get instant AI answers to all business queries.
Click Link to find latest Economic Outlook of Sri Lanka
Click Link to view latest Research and Analysis of the key Sectors and Industries of Sri Lanka
Worried about Paying Taxes? Click Link to find answers to all your Tax related matters
Do you have a legal issues? Find instant answers to all Sri Lanka Legal queries. Click Link
Latest images

Latest topics

» Latest Financial Status and Future Outlook of SMB Finance PLC
by ChatGPT Yesterday at 11:15 pm

» Latest Financial Status and Future Outlook of Overseas Realty PLC
by ChatGPT Yesterday at 11:00 pm

» Latest Financial Status and Future Outlook of Merchant Bank of Sri Lanka & Finance PLC
by ChatGPT Yesterday at 10:55 pm

» McDonald’s අපේ නෙමෙයි අපේ බෝස්ගේ – අබාන්ස් කියයි
by ChooBoy Yesterday at 10:19 am

» AI Assistance for Stock Market Research and Analysis
by ChatGPT Yesterday at 7:12 am

» Comparative Analysis of the Insurance Sector
by God Father Tue Mar 26, 2024 11:46 pm

» Sri Lanka: Why Pay Exorbitant Taxes?
by ChatGPT Tue Mar 26, 2024 10:52 pm

» LANKA CREDIT AND BUSINESS FINANCE PLC (LCBF.N0000)
by K.R Tue Mar 26, 2024 3:15 pm

» CENTRAL INDUSTRIES PLC (CIND.N0000)
by D.G.Dayaratne Tue Mar 26, 2024 9:11 am

» SIYAPATHA FINANACE PLC (SLFL.N0000)
by ChatGPT Tue Mar 26, 2024 7:58 am

» FINANCE AND LEASING SECTOR
by ChatGPT Mon Mar 25, 2024 6:45 am

» LOLC FINANCE PLC (LOFC.N0000)
by ChatGPT Mon Mar 25, 2024 6:36 am

» CIC HOLDINGS PLC (CIC.N0000)
by ChatGPT Mon Mar 25, 2024 6:18 am

» UNION ASSURANCE PLC (UAL.N0000)
by ChatGPT Mon Mar 25, 2024 6:15 am

» First Capital Holdings PLC: Current Financial performance and future outlook
by God Father Sun Mar 24, 2024 10:58 pm

» LankaBizz: Sri Lanka's First ever Artificially Intelligent (AI) Business and Research Assistant
by God Father Sun Mar 24, 2024 7:27 am

» HOTEL AND TRAVEL SECTOR
by ErangaDS Wed Mar 20, 2024 7:22 am

» CIC Holdings Good Times Ahead
by ashan silva Mon Mar 18, 2024 11:00 am

» EPF Fund keep eye on low P/E Shares
by K.R Mon Mar 18, 2024 8:45 am

» SINS - the Tailwind effects of a crisis hit Economy
by Hawk Eye Mon Mar 18, 2024 8:37 am

» Ceylon cold stores
by Hawk Eye Mon Mar 18, 2024 8:25 am

» Asha securities Provide buy signal for CIC
by ddrperera Fri Mar 15, 2024 1:10 am

» CSE ready for another Downtrend?
by D.G.Dayaratne Thu Mar 14, 2024 11:24 am

» LankaLAW Forum : Sri Lanka’s #1 Discussion Platform for Legal Questions and Answers
by blindhog Thu Mar 14, 2024 9:14 am

» Sri Lanka poised to benefit from demand surge for ‘non-China origin’ graphite
by samaritan Wed Mar 13, 2024 1:31 pm

LISTED COMPANIES

Submit Post
ශ්‍රී ලංකා මූල්‍ය වංශකථාව - සිංහල
Submit Post


CONATCT US


Send your suggestions and comments

* - required fields

Read FINANCIAL CHRONICLE™ Disclaimer



EXPERT CHRONICLE™

ECONOMIC CHRONICLE

GROSS DOMESTIC PRODUCT (GDP)



CHRONICLE™ YouTube

Disclaimer
FINANCIAL CHRONICLE™ Disclaimer

The information contained in this FINANCIAL CHRONICLE™ have been submitted by third parties directly without any verification by us. The information available in this forum is not researched or purported to be complete description of the subject matter referred to herein. We do not under any circumstances whatsoever guarantee the accuracy and completeness information contained herein. FINANCIAL CHRONICLE™ its blogs, forums, domains, subdomains and/or its affiliates and/or its web masters, administrators or moderators shall not in any way be responsible or liable for loss or damage which any person or party may sustain or incur by relying on the contents of this report and acting directly or indirectly in any manner whatsoever. Trading or investing in stocks & commodities is a high risk activity. Any action you choose to take in the markets is totally your own responsibility, FINANCIAL CHRONICLE™ blogs, forums, domains, subdomains and/or its affiliates and/or its web masters, administrators or moderators shall not be liable for any, direct or indirect, consequential or incidental damages or loss arising out of the use of this information. The information on this website is neither an offer to sell nor solicitation to buy any of the securities mentioned herein. The writers may or may not be trading in the securities mentioned.

Further the writers and users shall not induce or attempt to induce another person to trade in securities using this platform (a) by making or publishing any statement or by making any forecast that he knows to be misleading, false or deceptive; (b) by any dishonest concealment of material facts; (c) by the reckless making or publishing, dishonestly or otherwise of any statement or forecast that is misleading, false or deceptive; or (d) by recording or storing in, or by means of, any mechanical, electronic or other device, information that he knows to be false or misleading in a material particular. Any action writers and users take in respect of (a),(b),(c) and (d) above shall be their own responsibility, FINANCIAL CHRONICLE™ its blogs, forums, domains, subdomains and/or its affiliates and/or its web masters, administrators or moderators shall not be liable for any, direct or indirect, consequential or incidental violation of securities laws of any country, damages or loss arising out of the use of this information.


AI Live Chat

You are not connected. Please login or register

Investors perturbed over questionable E-Channelling trades

3 posters

Go down  Message [Page 1 of 1]

Business Basil


Manager - Equity Analytics
Manager - Equity Analytics

Despite Colombo Stock Exchange being open trading for only 75 minutes on last Friday, investors and brokers are surprised over several market transaction that had taken place in an unanticipated manner, Ceylon FT learns.
Accordingly at 13:59:56 hours just 44 minutes and 56 seconds after market opened its trading soon after 'technical glitch' was rectified, 1.35 million shares and 2.93 million shares of E-Channelling PLC (ECL) had changed hands almost at a 50% drop in market price value at Rs 3.30 per share.

Market data outline that at the same (before and after the above trade- almost all other orders had been matched at price ranges between Rs 5, Rs 6 and Rs 6.10 per share.

"Only these particular two orders had matched at Rs 3.30 and there seems have been no other buyer for that bidding price," a stock broker who had analysed the questionable trades told Ceylon FT.

According to him the most startling fact was that there was no order for Rs 4 ranges and just before the deal at Rs 3.30 was going to match the earlier order was done at Rs 6.10 with a 10,000 ECL shares. And soon after the order was processed the next order matched at Rs 5 for 10,000 ECL shares and soon again the price topped to Rs 6 levels with next trade at Rs 6 for 10,000 ECL shares.

"The question is, that day the average trading value for E-Channelling was at Rs 6 per share and day's high was Rs 6.60 per share in the morning but in general you find the lowest buy orders further down such a buyer at Rs 3.30 per share and you have to shed your stake in large quantities so that all big buyers get panic and no other higher level order pops up in Automated Trading System," another top stock analyst said.

"Buyer and Seller is still unknown but almost all the brokers in the industry still wonder how such a deal went through in ATS only among the specific buyer and seller as normal market transaction at a such discounted value," another broker who wish not to be identified said.

"It is a questionable trade that Colombo Stock Exchange should immediately intervene in to investigate as the trade happened soon after the market opened after a technical glitch," a veteran market analyst who is also an investor told.
A total of 5,147,860 of ECL had been traded during the day via 117 trades at an average price ranges of Rs 5 - Rs 6.60 in all other market trades but the major quantity over 4.285 million had traded at Rs 3.30 via two trades which was not a 'negotiated deal or a crossing'.

On Friday Colombo Stock Exchange halted its trading temporarily quoting an Automated Trading System Issue, the second incident to be recorded after the migration to ATS 7 system in 2012 since the market entirely halted trading last time on 19 September 2011.

CSE Officials said that they found a mismatch that has arisen in certain client balances displayed on the Automated Trading System (ATS) during the pre-open session (9 a.m. - 9.30 a.m.) on 28 June 2013,A total of Rs 265.92 million turnover was recorded with 12.7 million shares changing hands via 2,176 trades. All Share Price Index (ASPI) closed at 6135.08 points rising by 23.72 points by a 0.39% and S&P SL 20 closed at 3440.74 points rising by 14.26 points or 0.42%.During the day only one crossing was reported with one million Aitken Spence Hotel Holdings (AHUN) shares changing hands at Rs 75 per share at 1:18:01 p.m.

Link: http://www.ceylontoday.lk/22-36298-news-detail-investors-perturbed-over-questionable-e-channelling-trades.html

yaka

yaka
Manager - Equity Analytics
Manager - Equity Analytics

i really dont understand what happen...wish if some1 explain what is this....in simple word and how could this be or y some1 wanted to do this....hmmmm...thanx in advance

worthiness


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

Time by time scary movies are presented at CSE theater which keep away the investors with diluted confidence. CSE should measure the strength of actions had been taken to build up investors confidence & its success in the past. New actions are to be placed in case of failure of implementations before.

Sponsored content



Back to top  Message [Page 1 of 1]

Permissions in this forum:
You cannot reply to topics in this forum