Tag Archives: securities and exchange commission of sri lanka

Lets Talk Delivery vs Payment (DVP)

Delivery vs Payment (DVP) System is an important change to the Sri Lankan Equity Market and will uplift the CSE to be on-par with regional Markets and also, elevate Sri Lanka to an Emerging Market status.
DVP is an efficient system that will not impact investors’ credit, day trading, and cost of trading, settlement will still be on T+3.
Additionally, this globally accepted practice will minimize settlement risk and strengthen the overall credibility and integrity of the CSE, making the Sri Lankan Equity market attractive to Foreign Investors.
The change will mainly be between the Stockbroker Backoffice system and the CSE and, will hopefully be implemented by end of July 2021.
Watch Jaliya Wijeratne CEO of First Capital Equities and President Colombo Stock Brokers Association together with officials from the Securities and Exchange Commission of Sri Lanka and the Colombo Stock Exchange answer questions sent by the investor community.
If you have any questions or concerns regarding the implementation of DVP, please email equities@firstcapital.lk

Potential of Corporate Debt Capital – Sri Lanka Investment Forum 2021

Sri Lanka Investment Forum Livestream, in which our Director, CEO, Dilshan Wirasekara moderated a discussion on the Potential of Corporate Debt Capital with Senaka Kakiriwaragodage – Director, Chief Executive Officer for NDB Capital Holdings Limited and Vishnu Balachandran – Executive Vice President for CAL.

View the session: https://m.youtube.com/watch?v=xmQCT4nyVjQ

 

TRADE THE RIGHT WAY – Online Trading

First Capital is home to one of the largest financial research capabilities of its kind.

When you are trading from home, make sure to choose First Capital as your stockbroker, so that you have access to plenty of insights and experts who’ll share with you the trends and analytics to make the right trading decisions in a snap of time.

Call us on +94112639888 or email info@firstcapital.lk and we will have our team reach out to you with more information.

First Capital Money Market Fund – Fastest to Reach LKR 20bn in Assets Under Management

The First Capital Money Market Fund has been the fastest fund in its category (Open-Ended Money Market Fund) to surpassed LKR 20 billion in Assets Under Management. The fund is managed by First Capital Asset Management Limited the wealth management arm and subsidiary of First Capital Holdings PLC (the Group).

The Fund is the best performing Unit Trust in its category, delivering a return of 11.98%, the highest Compounded Annual Growth Rate (CAGR) for the past 5 years, as of February 2021. The fund is licensed and regulated by the Securities and Exchange Commission of Sri Lanka with Bank of Ceylon acting as the Trustee.

“The fund is used as a de facto savings account yielding a higher rate compared to a one year FD ceiling rate of a Licensed Finance Company and over 250 basis points above a typical savings account,” said Kavin Karunamoorthy, AGM – Asset Management, First Capital Asset Management Limited.  “Leveraging on market opportunities, interest rate fluctuations and our industry expertise in fixed income securities we have been able to compete with the Bank based Savings segment with our Money Market Fund, offering clients an alternative investment product that offer better interest rates, flexibility to conveniently withdraw funds, and peace of mind,” concluded Karunamoorthy.

First Capital is a member of the Janashakthi Group focused on delivering ‘Performance First’ through its operations as primary dealer, stockbroker, corporate advisory, debt structuring and wealth management. With over three decades of expertise in providing capital market solutions, First Capital Holdings PLC is the only listed full-service investment institution in Sri Lanka. First Capital Holdings PLC is rated [SL]A with Stable outlook by ICRA Lanka Ltd.

 

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Caption – In Photo Kavin Karunamoorthy, AGM – Asset Management, First Capital Asset Management Limited

Mid-year Outlook – 3rd Research Conference

First Capital presents “Mid-year Outlook – 3rd Research Conference” a follow-up to the hugely successful “Investment Strategy 2020 – 2nd Research Conference” held in February 2020, at the Oak Room, Cinnamon Grand.

The event is geared to provide participants of the investment community, an overview of our expectations on the economic front mainly on interest rates, AWPLR, exchange rate, bond expectations, GDP forecast etc.

Mid-year Outlook 2020 webinar will be held on Tuesday, 22nd September 2020 at 3.00 pm.

Presenters, Dimantha Mathew and Atchuthan Srirangan from our Research Team will take you through a recap of recommendations of Jan 2020 and post covid-19 revisions, in addition to discussing “Why W-Shaped Recovery?”.

Register today by clicking https://tiikm.zoom.us/webinar/register/WN_J5980arwT5GU3R4yJIPwLA