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Colombo Stock Stock Exchange (CSE) is the world s fourth worst performing stock exchange so far this year
Tuesday, 19 June 2012 - 5:16 PM SL Time
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Sri Lanka s stock exchange is just ahead of troubled European economies Greece and Spain in terms of year-to-date performance, a recent survey conducted by a US based investment group shows.
According to an analysis by Bespoke Investment Group published last week, the Colombo Stock Stock Exchange (CSE) is the world s fourth worst performing stock exchange so far this year, with the All Share Price Index down 18.95 percent year-to-date, only ahead of troubled Greece (down 19.14 percent) and Spain (down 22.22 percent). Ukraine has the worst performing bourse which has fallen 31.02 since the beginning of this year.
According to the table below compiled by Bespoke Investment Group, the US has taken the lead amongst G7 countries with a year-to-date gain of 5.15 percent.
`Up until last week, Germany had the lead, but with a YTD gain of 3.87 percent, Germany ranks second in the G7. Italy is by far the worst performing G7 country at the moment with a YTD decline of 14.10 percent. France and Canada are both down roughly 4 percent, while the UK is down 2.01 percent. Japan is up slightly at 1.34 percent.
`Vietnam holds the overall lead with a 2012 gain of 20.97 percent. Pakistan ranks a close second at +20.34 percent. While Greece and Spain continue to dominate the negative headlines, the Ukraine is actually the worst performing market year to date with a decline of 31 percent, Ouch,` the investment group said.
`Looking at just the BRICs, India has the lead with a 2012 gain of 7.91 percent. China ranks second at +4.39 percent, while Brazil and Russia are both in the red.`
Since the end of thirty year conflict in 2009, the Colombo Stock Exchange had held the position as the best and second-best performing stock exchange in the world. But the bourse fell 8.5 percent last year after massive growth rates of 96 percent in 2010 and 125.3 percent in 2009.
A series of regulatory measures to cool down the exchange has seen the correction continue in to this year as well. Regulation has also seemed to have put the brakes on market manipulation and the kind of activity that earned the bourse the reputation for being a den of gamblers and thieves.
The Colombo Stock Exchange fell last year when watchdog the Securities and Exchange Commission (SEC) imposed price bands and commenced investigations on suspect trades. Influential lobbying with the President resulted in then Director General of the SEC Malik Cader being removed and appointed to the Treasury and as a result, SEC Chairperson Ms. Indrani Sugathadasa resigned soon after as a matter of principle .
http://www.island.lk/index.php?page_cat=article-details&page=article-details&code_title=54751
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charlie1965
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 19 Jun 2012 10:56:25 GMT Report for Abuse
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| Duminda is in hospital, according to N/A with blown up brain, so no more KUDU money to invest. |
charlie1965
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19 Jun 2012 11:02:20 GMT Report for Abuse
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SriLankan losses mount due to negligence
June 18, 2012, 9:37 pm
Sheer negligence by the management of SriLankan Airlines has led to heavy losses. Adding to the country s national carrier s financial woes, lightning recently struck a new building housing its simulator school at Katunayake, causing millions of rupees in losses, according to informed aviation sources.
But the chairman, king's b-in-l, donated to robbers millions.
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charlie1965
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19 Jun 2012 11:07:15 GMT Report for Abuse
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Last Saturday we also reported the massive loss incurred by the airline when an Airbus-A340 s tail was dropped on the ground during servicing by inexperienced trainees in the absence of adequate number of qualified technicians. The loss on the damage caused to the aircraft is said to be in the region of USD 40 million.
KUDU hunna has the same qualifications. |
megashane
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19 Jun 2012 11:09:06 GMT Report for Abuse
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Http://www.lankacnews.com/sinhala/main-news/65071/
Menna muuta pissu hedila kiyonawa... Ithihase kawadda munta ratak thibbe |
ShivaRebirth
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19 Jun 2012 11:20:02 GMT Report for Abuse
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Growth of 'Miracle of Asia' is in fact , negative.
Meanwhile, in Vanni, teachers are asking for permanent job. But the murderer Mr Devandanda is asking them not to protest
http://www.tamilnet.com/art.html?catid=13&artid=35309
Edited By - ShivaRebirth - 19 Jun 2012 11:21:30 GMT |
megashane
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19 Jun 2012 11:30:15 GMT Report for Abuse
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Http://www.thehindu.com/news/national/article3506029.ece
Cartoon of the day
Tamilnadu jokers as usual... No wonder these guys cant coexist.. God's punishment is to make them countryless to learn the meaning of 'coexist' |
AnuD
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 19 Jun 2012 11:42:44 GMT Report for Abuse
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This is Another Stock MArket Scandle.
Previous govt and this govt are no different.
Opposition United National Party (UNP) Leader Ranil Wickremesinghe yesterday alleged that some government henchmen had earned a one billionrupee profit through the recent EPF and ETF investments in the stock market. Mr. Wickremesinghe who spoke at a Sirikotha ceremony where letters of appointment were handed over to UNP organisers said the working class were the true shareholders of these profits but they have not received a single cent of these profits.
Referring to the controversy with regard to the NSB-TFC share deal, he said the workers who contributed to these funds were on the verge of losing their savings because of the questionable investments in loss-making companies. |
AnuD
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19 Jun 2012 11:46:58 GMT Report for Abuse
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This is another Stock MArket Scandal:
Politicians will be filthy - rich, well travalled, children educated overseas at the expense of the country.
A top Govt politician is among scores of investors who have received notice of summons by the Securities and Exchange Commission (SEC) as part of regulator s move to punish manipulative trading. FT learns the SEC has fired letters to concerned investors based on material and information it has in possession following investigations in to alleged malpractices in trades conducted in the recent past. |
AnuD
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19 Jun 2012 12:07:49 GMT Report for Abuse
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It is very obvious that SLFP politicians are suffering from obsolescence. The obsession to be in power is so great that the government is blind to the fact that our population is sodden with drink, drugs, steeped in vice, eaten up by social and physical malady. It s time the government stopped blowing its own trumpet and took immediate steps to solve the burning issues of the day as regards education, health, food and the rights of the Tamil people etc. she further says. |
AnuD
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19 Jun 2012 12:08:33 GMT Report for Abuse
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| Never in the history of this country have we witnessed as we do today the banality of evil which has penetrated this Island. The recurrent looting of banks, corporations, government institutions, thuggery by government MPs, ministers, and underworld elements is very common, like the sun going down. Besides, this government has made the legal system easy for criminals, but difficult for law abiding citizens. |
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