Business Times

MBSL Midcap index shows strong potential for Midcap companies

The Merchant Bank of Sri Lanka (MBSL) Midcap index moved up by 115% from June 1st 2009 to June 1st 2010, indicating strong growth potential for Midcap companies, said MBSL in a press release.
MBSL Bank’s Midcap index provides a clear direction for growth oriented stocks and reached the 10,000 mark, said the company.

The All Share Price Index (ASPI) improved by 122% from June 2009 to June 2010 with the overall market capitalisations improving and more counters getting listed. The Milanka Price Index, which covers the sensitive counters in the market, improved by 121%. The Midcap index has moved up on a lower percentage to the ASPI and Milanka index.

“This is an indication for strong Midcap companies to have growth prospects for the future and from the business opportunities arising from the Eastern and Northern provinces,” said MBSL. MBSL changed its Midcap Index with effect from January 4th 2010 based on market capitalisation - medium scale entities, liquidity of the stock and profitability during the last two years.

Top to the page  |  E-mail  |  views[1]
SocialTwist Tell-a-Friend
 
Other Business Times Articles
Proposed CEPA agreement to be made public
KumbukRiver among the world’s top 20 unusual hotels
New broadband Internet rates soon
New OL,AL TV channel could hurt ‘tuition’ culture
Curbs on the media at Finance Ministry, Central Bank
Comment - Muffle the media: Economic battles ahead
Feature - GSP+ facility and export competitiveness
Feature - Major correction in stock market will see a property boom: Analysts
Land acquisition: Lankan families wait for more than 25 yrs for compensation
Positive growth in all sectors : Industry and Commerce Minister
Appointment of Directors – NDB, DFCC
Over Rs 770 mln paid in 1st phase of Golden key repayment scheme
SL exports down 12% in 2009, $2.7 billion in first quarter 2010
SL no longer dependant on 'peanuts' from World Bank: Amunugama
Office discipline: Right People, Wrong Attitude
Broadband Internet users seen at 4 milion in 4 years
Intergenerational equity:Did my parents steal my future?
Dilmah: Moving ahead from ethical tea to sustainability
Peace dividend could transform Sri Lanka into an ‘Islamic Financial Hub’
Hemas sees June profits through power, pharmaceuticals
MBSL Midcap index shows strong potential for Midcap companies
United Tractors bags 6 Sigma Presidents silver award
Seylan Bank shows 270% growth in profitability
‘How innovation Supports Sustainability’ on August 9
Boutique StrawberryFrog wins Emirates MarComm business
Lanka Hospitals claims highest number of kidney transplants among private hospitals
NSB develops 3 year strategic plan
Phoenix Ogilvy wins first ever Gold for Lanka at Adfest Tokyo
Dialog records Rs. 20 bln revenue for first six months of the year
New Microfinance Regulatory Authority soon
New expat head for Shell
CSE amends trading rules to increase liquidity, volumes
New IPM President elected
TISL initiative on anti-corruption in private sector gains support
Pleas, once again, for Indo-Lanka CEPA draft to be made public
Aitken Spence trains rural youth in Hospitality Sector
Sri Lanka aims to promote youth tourism through social media
Sunday Times Business Club AGM on Aug 3
A&E renovates lecture room at Moratuwa University
NOLIMIT wins accolades for customer service
Sri Lanka gets first ever net metered solar PV plant
SriLankan Airlines wins Singapore award for growth

 

 
Reproduction of articles permitted when used without any alterations to contents and a link to the source page.
© Copyright 2010 | Wijeya Newspapers Ltd.Colombo. Sri Lanka. All Rights Reserved.| Site best viewed in IE ver 6.0 @ 1024 x 768 resolution