ECONOMYNEXT – Sri Lanka stocks have hit fresh high surpassing the 17,800 mark on Friday, with interest in large cap stocks, brokers said. Colombo’s broader All Share Price index (ASPI) closed 0.75 percent, or 132.28 points at 132.28; while the more liquid S&P SL20 moved 0.34 percent, or 17.71 points up, to close at 5,283.06.
Dinari, a startup that offers blockchain-based U.S. stocks, has secured a broker-dealer registration for its subsidiary, a move the company says makes it the first tokenized equity platform to secure such approval in the United States. The move would allow San Francisco-based Dinari to offer stock trading via blockchain technology for the first time to
Smartphones have enabled investing to reach the masses, driven by the viral growth of the Robinhood Markets trading application. It now has over 25 million customers and was only incorporated in 2013. Everyone knows about Robinhood, but another disruptive stock brokerage platform is gaining rapid share of the investment community, coming at the industry from
It’s never been easier to buy stock. If you have a little bit of money and a brokerage account, you can buy a piece of a publicly traded company. A stock is an ownership share in a business, and literally thousands of them (iconic names such as Apple, Coca-Cola and Nvidia) trade on a stock
Jared Woodard, Head of the Research Investment Committee at Bank of America Securities, argues that stock splits can be very positive for shares. Woodard’s research found that in the 52 weeks after a company completed a stock split, its average return was over 25%. This far exceeded the average return of the S&P 500 of under
A stock split does not change anything about the underlying business fundamentals of a stock, and yet, stock-split stocks tend to outperform over the 12 months following a split. This makes them interesting to pay attention to. One under-the-radar stock split that occurred this month is Interactive Brokers (IBKR 1.03%), performing a 4-to-1 split on
Vanguard Digital Advisor® offers hands-free investing at an affordable price. With this robo-advisor, you have access to Vanguard’s popular index funds without the hassle of creating your own portfolio strategy. With a low fee structure, this to-the-point platform is a great option for investors with at least $100 to start, ensuring you can grow your
Market participants have voiced strong reservations about the Romanian government’s proposal to increase the capital gains tax rate on stock market transactions to 10% (from 1%-3% currently), citing potential disruptions to investor confidence and market stability. The proposal, part of the fiscal agenda included in prime minister Ilie Bolojan’s ruling programme has prompted responses from
On the surface, Fastenal (FAST 0.55%), O’Reilly Automotive (ORLY -2.28%), and Interactive Brokers Group (IBKR 2.31%) might seem to have practically nothing in common. Fastenal is a leader in the distribution of industrial and construction supplies, especially fasteners. O’Reilly operates a chain of after-market auto parts stores. Interactive Brokers runs a popular online brokerage. But
Open this photo in gallery: The issue of how much advice online brokers can give do-it-yourself investors came to the fore during the GameStop saga in 2021.NICK ZIEMINSKI/Reuters During the GameStop Corp. GME-N short squeeze in early 2021, Wealthsimple Inc. saw a rush of clients open accounts on its then-new self-directed investing platform to purchase