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News Image 45351 - Stock market performance remarkable after victory
Monday, 29 June 2009 - 10:24 AM SL Time - Some news pictures are worth a million words
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The stock market performance and foreign investment flow have been remarkable following the conducive business environment created with the recent battle victory, said CEO Unit Trust Management Co. (Pvt) Ltd. (UTMCL), Chitra Sathkumara. He said now is the ideal time for long-term investments in a safe and stable financial organisation that offers realistic rewards to its customers.
The equity markets are on an upward trend after a steep decline last year due to adverse global economic conditions and the security situation in the country. There will be a market surge with an ideal investment climate created in the country , Sathkumara said.
Investors are seeking secure and rewarding schemes in safe establishments that manage their funds well unlike bogus institutions that offer fancy and unrealistic returns.
The UTMCL recently launched the Ceybank Savings Plus MMF to cater to the growing need for a safe and better return scheme.
The open end income fund was launched to provide investors an opportunity to obtain shorts term cash profitability.
The funds will be invested in Treasury Bills, Bonds and Corporate Securities. Tax-free with better returns than savings yield and adding value to the capital market of the country are the primary reasons for introducing the company s fourth trust fund , the CEO said.
Ceybank Unit Trust is the largest unit trust fund in the country with net assets of over Rs. 2.4 billion.
The growth fund, the Ceybank Century which is the first equity fund has become the largest equity unit trust fund in the country.
UTMCL is an associate company of Bank of Ceylon that offers unit trust funds and fund management services.
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Thiran
Joined: Oct 2006
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 29 Jun 2009 03:30:47 GMT Report for Abuse
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Stocks indicate the level of confidence only - as stock prices are a product of speculation.
However, the government has a huge task in their hands to make the country prosper.
Eliminating corruption and waste are two prime enablers of the growth of our country and economy. |
deborak
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 29 Jun 2009 03:43:56 GMT Report for Abuse
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What I want to say not abt the bla.bla abt the market....
Is there is anything we need to prove???? Everything is becoming normal after the barbarians lttp were eliminated. No lttp, good for Sri Lanka. It's true there is a long way to go, but one has to understand that things can't be done in a day! |
chennaiguuy
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 29 Jun 2009 04:54:47 GMT Report for Abuse
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Stock Exchange Boom is never a measure of Economic Prosperity generated in a country.
How many % of the population indulge in share trading ?
THe Economic Fundaments are still weak for Sri lanka.
Imports Down, Exports Down & only two services are bringing in revenue.
Servicing Arabians in Middle east & Servicing tourists in Colombo !
:-))
Edited By - chennaiguuy - 29 Jun 2009 04:58:36 GMT |
Imperator
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 29 Jun 2009 05:02:48 GMT Report for Abuse
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Sour grapes Chennai!
Imports Down, Exports Down
It's the same in most countries, Einstein.
Servicing Arabians in Middle east
Go to my page and see how your white masters service Tamil virgins. I first thought it was in Sri Lanka but the number plate of the vehicle in the second photo doesn't look like a Sri Lankan one on closer inspection. |
rasak
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 29 Jun 2009 05:16:31 GMT Report for Abuse
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THe Economic Fundaments are still weak for Sri lanka.
This despite the fact that the IMF executive board had praised Sri Lanka in 2008 noting that 'Sri Lanka has achieved strong growth averaging 6.5% since 2002, raising per capita income to about $1,625, (above regional peers) and reducing the poverty rate from 22.7% to 15.2% over 2002-2007 .Executive directors commended Sri Lanka for its impressive record of economic growth over the last few years, with the rate of unemployment and poverty indicators falling. The authorities bold decision to adjust administered fuel prices, transport fares and electricity prices will reduce fiscal risks in the medium term. Directors welcomed the significant tightening of monetary policy to address inflationary pressures.' Etcetera. |
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29 Jun 2009 03:45:42 GMT 
29 Jun 2009 05:04:40 GMT