All share index up by 55.77 points to1928.68 & more sensitive Milanka index up by 82.17 to 2168.89.
The upward momentum began last week after market reached three & half year low.

News, Events and Detailed Announcements

NATIONS TRUST BANK PLC (BANK) – DEBENTURE ISSUE

The debentures of the above Bank will be listed on 6th November 2008 on the Debt Securities- Main Board of the CSE.The assigned securities codes are as follows:Debenture Type:- Fixed rate debenture 21% payable annuallySecurity Code:- NTB.D0131Deposits would be accepted by the Central Depository Systems (Pvt.) Ltd., (CDS) with immediate effect

S K M Lanka Holdings (Pvt.) Limited – Prohibition on Trading by the Colombo Stock Exchange

In terms of paragraph one (01) of Rule 5 of Section 3 of the Colombo Stock Exchange (CSE) Member Regulations, the Chief Executive Officer of the CSE prohibited S K M Lanka Holdings (Pvt) Limited from carrying out trading activities on the Automated Trading System and the DEX system of the CSE with effect from 4th November 2008 (today), due to S K M Lanka Holdings (Pvt) Ltd being in violation of Rule 2.3 of Section 3 of the CSE Member Regulations, which requires a Broker trading on the CSE to bring in additional capital within 14 calendar days of the Net Capital falling below the required minimum Net Capital of Rs. 35 Mn.In terms of paragraph two (02) of Rule 5 of Section 3 of the CSE Member Regulations, the ability to carry out trading will be reinstated no sooner S K M Lanka Holdings (Pvt.) Limited complying with the Net Capital requirement.

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