Quick Thinking

The Hapag-Lloyd delegation including, Capt. Prateek Gandhi – Director Operations, Hapag-Lloyd, Regional Office, Dubai,Mr. Faheem Mir – Manager - Operations, Hapag-Lloyd, Regional Office, Dubai,Mr. Lalith Witanachchi – Vice President, Hapag-Lloyd Lanka (Pvt) Ltd, Mr. Mindaka Dassanayake – General Manager, Hapag-Lloyd Lanka (Pvt) Ltd.,Mr. Rohan Ranasinghe – Terminal Operations Manager, Hapag-Lloyd AG and Mr. Iqram Cuttilan – Managing Director, Aitken Spence Shipping Ltd poses for a pic with SLPA’s Chairman -Admiral Sirimewan Ranasinghe and the Managing Director - Eng. Ganaka Hemachandra. SLPA's Vice Chairman - Eng. Herath M.P. Jayawardhana, Director (Operations) - Mrs. G. Zavia Miskin and Director (Marketing and BD) - Mr. H J K U Kumara are also present.

Market player N M Tony Perera compounded his case with the securities watchdog for an allegedly creating a false market by paying up a Rs. 50,000 fine, the regulator said Friday. Market player N M Tony Perera compounded his case with the securities watchdog for an allegedly creating a false market by paying up a Rs. 50,000 fine, the regulator said Friday. The Securities & Exchange Commission did not specify the alleged trade, but said that Perera had admitted the "trades in question had been carried out by him without any intention whatsoever of manipulating the market/price with respect to any share or creating a false market."

The Commission compounded the case on February 15, and Perera paid up the fine on February 25.

Market/price manipulation usually occurs when investor A aids, abets and assists investor B to build up large positions in shares of company X. This facilitates market manipulation and later provides an exit route when the artificial increase in price is not sustainable.

The current bull run on the Colombo bourse where a few 'penny stocks' or low priced stocks are trading on large volumes, accounting for bulk of the day's turnover, has led to spec