CSE commences trading for 2012 with three listings

Yesterday, the second market day for 2012, witnessed three new listings at the Colombo Stock Exchange (CSE).

Kalpitiya Beach Resort Limited (code: CITK) and Waskaduwa Beach Resort Limited (code: CITW) were listed on the Diri Savi Board of the CSE, which will be classified under the Hotels and Travels sector.

The opening price for Kalpitiya Beach Resort Limited (code: CITK) was Rs. 19 and it closed at Rs. 17, while Waskaduwa Beach Resort Limited (code: CITW) opened at Rs. 13.50 to close at Rs. 14.

Through an Initial Public Offering the Kalpitiya Beach Resort Limited raised Rs. 283.5 million listing 161,200,010 shares at Rs. 17.50, while Waskaduwa Beach Resort Limited raised Rs. 195 million, listing 155,600,010 shares at Rs. 12.50.

The Bank of Ceylon (BOC) debenture issue was listed at Rs. 5 billion under debt securities on the Main Board of the CSE yesterday. The 50,000,000 million unsecured redeemable debentures were issued at a price of Rs. 100 and was oversubscribed and closed on 1 December 2011.

The types of debenture issue by Bank of Ceylon are as follows: Fixed rate 5-year debentures (11%) payable annually, fixed rate 5-year debentures (10.5%) payable bi-annually and floating rate 5-year debentures payable bi-annually.

Yesterday the CSE celebrated the dawning of the New Year by hosting investors, investment advisors and stock brokers present at its branches (Matara, Kandy, Kurunegala, Negombo and Jaffna) to a traditional breakfast.

Trading for the year opened on 2 January on a positive note with the benchmark All Share Price Index recording an increase of 0.45 points to close the day at 6,074.87 while the more liquid Milanka Price Index (MPI) closed at 5,239.92, recording an increase of 10.76 points from the previous day’s closing. The turnover recorded for the day was Rs. 419.5 million.