WindForce rings opening bell at CSE
CSE Chairman Dumith Fernando, WindForce Ltd. Chairman Ranil Pathirana, Vice Chairman Azki Akbar Ali, WindForce Ltd. MD Manjula Perera, WindForce Ltd. Director Moiz Najmadeen, and CSE Director Dilshan Weerasekara were among the attendees accompanied by CSE CEO Rajiv Bandara at the bell-ringing ceremony yesterday (22)
WindForce Ltd. marked its listing to the main board of the Colombo Stock Exchange (CSE) yesterday (22) by participating in the bell-ringing ceremony that is conducted upon the commencement of trading.
WindForce Ltd. Founding Chairman Janak Hirdaramani rang the bell after the opening of the market.
Making the opening remarks at the event, CSE Chairman Dumith Fernando mentioned that it was a remarkable day for the CSE as well, as WindForce Ltd. reached Rs. 3.2 billion in its Initial Public Offering (IPO) itself, the largest the CSE had seen since 2011, while giving the stock market “a significant boost”.
He further spoke of WindForce’s impact in terms of its renewable energy strategy whilst helping the planet and humanity combat climate change, adding: “Today is significant in terms of the company’s purpose,” referring to it being Earth Day.
He also mentioned that it is one of the CSE’s goals to encourage both large and small companies to take the lead in their respective sectors.
WindForce Chairman Ranil Pathirana reminisced about the company’s initial days of establishment and its strategy in navigating the wind power sector when seeking private investment. Pathirana thanked the CSE on behalf of WindForce for expediting and supporting growth in the capital market of Sri Lanka.
WindForce has been issued AA- (Stable) credit rating by ICRA Lanka Ltd., which is the highest rating given to a corporate in Sri Lanka at the time of the issuance by ICRA Lanka Ltd. WindForce is the first Sri Lankan company to establish solar plants in Pakistan, Ukraine, as well as in Uganda.
What is commodity trading? Is commodity trading profitable? How
can you trade commodities online? Are you searching for answers? Watch this…..
By Paul Rincon
This vehicle will carry the next man and the first woman down to the lunar surface under the space agency's Artemis programme.
Another goal of the programme will be to land the first person of colour on the Moon.
The lander is based on SpaceX's Starship craft, which is being tested at a site in southern Texas.
SpaceX was competing against a joint bid from traditional aerospace giants and Amazon founder Jeff Bezos, as well as Alabama-based Dynetics. The total value of the contract awarded to Musk's company is $2.89bn.
"With this award, Nasa and our partners will complete the first crewed demonstration mission to the surface of the Moon in the 21st century as the agency takes a step forward for women's equality and long-term deep space exploration," said Kathy Lueders,
Elon Musk has been developing the Starship design for years. Resembling the rocketships from the golden age of science fiction, it is a crucial component of the entrepreneur's long-term plans for settling humans on Mars.
For now, though, it will serve as the lander that ferries astronauts from lunar orbit to the surface.
With a spacious cabin and two airlocks, allowing astronauts to exit the craft for moonwalks, it's a far cry from the cramped, spindly lunar module (LM) that carried 12 men to the surface under the US Apollo programme between 1969 and 1972.
In recent times, Nasa has chosen more than one company when procuring space transport services, giving it options if one of them fails to deliver.
But Nasa has received only $850m of the $3.3bn it requested from Congress to build the Moon lander. In a statement, Ms Lueders said that "while it remains the agency's desire to preserve a competitive environment at this stage of the HLS program", its current budget precluded it from selecting two companies, as it was expected to.
Cost is believed to have been a major factor; SpaceX's bid was the lowest of the three competitors "by a wide margin".
Ms Lueders explained: "I made a determination that it would be in the agency's best interests to make an initial, conditional selection of SpaceX."
The decision has caused a stir in Congress. Nasa is undergoing a transition of power following Joe Biden's election as President. It is being run by an interim administrator, and Mr Biden's pick to run the agency - former senator and astronaut Bill Nelson - will appear at his confirmation hearing next week.
"I am disappointed that the acting Nasa leadership decided to make such a consequential award prior to the arrival of a new permanent Nasa administrator and deputy administrator," said congresswoman Eddie Bernice Johnson, the democrat chair of the House Committee on Science, Space and Technology.
"The decision to make the award today also comes despite the obvious need for a re-baselining of Nasa's lunar exploration program, which has no realistic chance of returning US astronauts to the Moon by 2024."
Nasa is targeting the Moon's South Polar region for the first landing with astronauts since 1972. This area holds abundant deposits of water-ice, which could be turned into rocket fuel and breathable air to support a future lunar base.
But touching down here also presents challenges, because the angle of the Sun casts long shadows that obscure surface features as the craft comes down to land.
Engineers will need to navigate the problem as they refine their plans for the first Artemis landing.
SpaceX had been in a run-off against the National Team - consisting of Blue Origin (founded by Bezos), Lockheed Martin, Northrop Grumman and Draper - and defence contractor Dynetics.
It represents another milestone for the 19-year-old company founded by Musk, which initially had to overcome widespread scepticism about its plans to bring down the costs of spaceflight. SpaceX almost ran out of money, but was kept going by a fortuitous contract award from Nasa in 2008.
What is commodity trading? Is commodity trading profitable? How
can you trade commodities online? Are you searching for answers?
Commodities are an indispensable part of our lives. From the
food, we consume to the oil we utilize in our vehicles. But, have you ever
thought about trading these basic commodities in the market? Yes, the Commodity
market is one of the largest markets across the globe. It excels the list when
it comes to assets that can make you rich or double your profit. But, the majority
of you do not know how to trade commodities online.
In this article, we will explain each point in detail. We will
wrap up the article by providing you the top broker's names who can push you
towards success and boost your trading standards. Before reaching this point,
we must look into the definition of a commodity and what commodity trading
refers to?
What are commodities?
A commodity refers to raw material or everyday items which is
used for generating more complex items. One can see commodities as building
blocks of the economy. Examples include sugar, gold, oil, copper, etc. The
major factor differentiating goods from the commodity is that latter has
interchangeability and is standardized in nature. It reflects two equal units
of the similar commodity will be identical irrespective of the place they were
produced. For instance, one ounce of silver mined in Australia will be
equivalent to one ounce of silver mined in Brazil.
What is commodity trading?
Traders or people have been trading commodities for thousands of
years. The only difference between modern commodity trading and conventional
commodities trading is that people traded them physically in the past.
Currently, trading occurs with the broker such as T1markets, HFTrading, etc. or
on an exchange such as Chicago Mercantile Exchange or London Metal Exchange. To
trade commodities online, you require an online trading account and
ultra-modern trading platform that paves the way for the market and
assets.
Trading with the broker is safe and simple. It provides globally
accepted MetaTrader 4, which has several advantages. These include more than
350 assets, a customized trading environment, multiple time frames, regular
price alerts, latest market news, more than 60 analytical tools, lightning-fast
speed, and trading on one click.
Reasons to trade commodities online
You must be wondering why traders are so interested in trading
commodities online? What makes commodities a good investment? The answer lies
in the following advantages listed below:
1) Short selling commodities
As commodities are traded online via CFDs, traders have the
right to sell them instead of just purchasing them. It means that the value
does not require to surge for traders to make gains. Moreover, unlike the stock
market in the commodity market, there is no uptick rule.
2) High returns on investment and high liquidity
There are some goods, such as oil, gold which are relatively
more volatile in comparison to others as numerous factors guide their prices.
These factors include the economy's political conditions, financial status,
climate, demand and supply of the commodity, and price variation due to new
export and import rules or policies. Just because of these reasons, commodities
can take short-term trading positions and can be very attractive.
3) Suitable for diversifying your trading portfolio
Diversification of a trading portfolio is essential in trade. It
is very well said that never keep all eggs in the same bucket. Diversifications
mitigate the risk involved with trades. Commodities are an excellent way to
diversify a portfolio. For instance, if you have spent on indices and stocks,
analysts will always recommend adding any commodity (as per your wish) to your
trading portfolio and trading them concurrently. It will help you when the
stock market crashes suddenly or indices fall in value.
4) Safe investment tool
Whenever financial market price goes down, analysts advise
people to invest in commodities as they are considered a safe investment tool
at the time of sudden shock. The demand for essential items such as gold, oil,
and corn always remains high. Trading commodity futures have shown tremendous
results at the time of economic slowdown and market crash.
How to trade commodities online?
1) Opt for an online trading account: You require to open an
online trading account to start trading. If you are a neophyte, you can opt for
a demo trading account to practice trade with virtual cash for a limited time.
2) Choose a financial market and asset for trading: Firstly,
choose the commodity market option and then select the asset you wish to trade
CFDs or spread bet on.
3) Choose to sell or buy commodities: If you think that prices
are supposed to surge in the future, go long on your trade. On the other hand,
if you think that price is supposed to decline, you may choose to go short on
position.
4) Enter a trade size: Choose how many CFDs or units you wish to
trade or decide the spread betting or the amount per point movement. Keep in
mind that in CFD trading, a single trade value can change based on the
financial tool you have selected to trade.
5) Apply risk management: Financial risks are inevitable.
They can land you in several problems, or you can even lose entire capital if
not taken care of. Thus, including risk management strategies in your plan is
essential.
6) Monitor your trade: Once you have placed a trade, it requires
continuous monitoring if you are day trading commodities. You must do this
delicately as losses can even exceed your available balance or deposit.
7) Close the trading position: If you have set the stop-loss
order, the trade will automatically close when the price reaches the set level.
However, if you are trading without a stop-loss order, you need to do this when
the price falls manually.
Top brokers to trade commodities online
Some trusted and top brokerage firm offering exceptional service
at affordable fee include:
1) HFTrading
2) T1markets
3) PrimeFin
The Bottom Line
If you are looking for the right opportunity in the financial
market or a reward-generating instrument, you can choose to trade commodities
online. It is one of the excellent methods to earn massive amounts from
financial market trading. For this, you require a little bit of homework before
entering the market.
Frequently asked questions
1) What is a commodity?
A commodity refers to raw material or everyday items which is
used for generating more complex items. One can see commodities as building
blocks of the economy. Examples include sugar, gold, oil, copper, etc.
2) What are the channels to trade commodities?
You can trade commodities with a broker such as T1markets or
with an exchange. But, a larger number of traders prefer trading with a
reliable and trusted broker over exchanges.
3) What are the advantages of trading commodities?
The advantages of commodity trading, including short selling,
provide high returns over investments, highly liquid, suitable for diversifying
the trading portfolio
, considered the safest
instrument at times of economic slows down or market crash.
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