Alexa

Sri Lanka *market update* ASPI gains 0.3-pct, Net foreign inflow Rs. 28.9Mn

September 21, 2016

The ASPI gained sharply due to price increases in John Keells Holdings, Sri Lanka Telecom, Ceylinco
Insurance, Teejay Lanka and Dialog Axiata. The day’s total turnover crossed the LKR 1.4bn mark to which National Development Bank contributed the majority with the assistance of three crossings. Crossings were also recorded in John Keells Holdings (Voting) and Hatton National Bank (Voting). The Bourse saw net foreign buying during the day.
The All Share Price Index gained 21.7 points to close at 6,451.6 (+0.3%), while the S&P SL20 Index gained 13.8 points to close at 3,565.9 (+0.4%). Total turnover for the day stood at LKR 1,432.9mn (USD 9,824.1k) vs. 12-months average daily turnover of LKR 910.7mn (USD 6,243.7k), whilst the volume traded for the day was 34,172k against the 12-month average daily volume of 35,985k. Top contributory counters towards the day’s turnover were National Development Bank LKR 502.8mn (USD 3,446.8k, 0.0%), John Keells Holdings (Voting) LKR 376.5mn (USD 2,581.0k, +1.1%), Hatton National Bank (Voting) LKR 78.7mn (USD 539.5k, -0.4%), Commercial Bank of Ceylon (Voting) LKR 78.2mn (USD 536.2k, +0.1%), Sampath Bank LKR 40.3mn (USD 276.0k, +0.4%). Foreign purchases amounted to LKR 667.7mn (USD 4,577.4k), whilst foreign sales amounted to LKR 638.8mn (USD 4,379.3k). This resulted in a net foreign inflow of LKR 28.9mn being recorded at the end of the day’s trading

September 20, 2016

The ASPI declined sharply to close below its seven week low mainly due to price dips in Ceylon Tobacco
Company, Commercial Bank, Distilleries Company of Sri Lanka, Sri Lanka Telecom and Asian
Hotels and Properties. The day’s total turnover was recorded at moderate levels to which Distilleries Company of Sri Lanka contributing the majority to the day’s total turnover. There were no crossings during the day.The Bourse saw net foreign buying during the day. The All Share Price Index lost 20.5 points to close at 6,429.9 (-0.3%), while the S&P SL20 Index lost 11.0 points to close at 3,552.0 (-0.3%). Total turnover for the day stood at LKR 458.6mn (USD 3,147.7k) vs. 12-months average daily turnover of LKR 909.4mn (USD 6,241.6k), whilst the volume traded for the day was 34,200k against the 12-month average daily volume of 35,990k. Top contributory counters towards the day’s turnover were Distilleries Company of Sri Lanka LKR 90.9mn (USD 623.7k, -1.7%), Hatton National Bank (Voting) LKR 55.7mn (USD 382.2k, 0.0%), Textured Jersey LKR 44.7mn (USD 307.0k, +0.7%), Sampath Bank LKR 37.8mn (USD 259.2k, – 0.7%), John Keells Holdings (Warrant 23) LKR 15.7mn (USD 107.7k, -0.1%). Foreign purchases amounted to LKR 240.6mn (USD 1,651.6k), whilst foreign sales amounted to LKR 95.3mn (USD 653.9k). This resulted in a net foreign inflow of LKR 145.4mn being recorded at the end of the day’s trading

September 14, 2016

The ASPI declined sharply mainly due to price dips in Distilleries Company of Sri Lanka, Ceylon
Tobacco Company, C T Holdings, Asiri Hospital Holdings and Cargills Ceylon. The day’s total turnover was recorded at moderate levels with Commercial Bank of Ceylon (Voting) contributing the majority to the day’s total turnover with the assistance of three crossings. Foreign investors were net buyers during the day. The All Share Price Index lost 15.4 points to close at 6,492.7 (-0.2%), while the S&P SL20 Index lost 7.5 points to close at 3,582.8 (-0.2%). Total turnover for the day stood at LKR 749.9mn (USD 5,163.9k) vs. 12-months average daily turnover of LKR 914.7mn (USD 6,298.9k), whilst the volume traded for the day was 29,493k against the 12-month average daily volume of 36,017k. Top contributory counters towards the day’s turnover were Commercial Bank of Ceylon (Voting) LKR 308.5mn (USD 2,124.1k, +1.4%), Chevron Lubricants Lanka LKR 87.0mn (USD 599.2k, -0.4%), John Keells Holdings (Warrant 23) LKR 48.3mn (USD 332.7k, -11.4%), Sampath Bank LKR 30.2mn (USD 207.7k, +0.4%), John Keells Holdings (Voting) LKR 29.9mn (USD 206.2k, +0.1%). Foreign purchases amounted to LKR 449.1mn (USD 3,092.5k), whilst foreign sales amounted to LKR 41.8mn (USD 287.8k). This resulted in a net foreign inflow of LKR 407.3mn being recorded at the end of the day’s trading.

September 13, 2016

The ASPI gained sharply mainly due to price gains in Lanka Orix Leasing Company, Ceylon Tobacco
Company, Asian Hotels and Properties, Commercial Bank and Sri Lanka Telecom.The day’s total turnover was recorded at low levels amidst lack lustre investor participation. John Keells Holdings (Voting) contributed the majority to the day’s total turnover. There were no crossings recorded for the day. Foreign investors were net buyers during the day.The All Share Price Index gained 13.2 points to close at 6,508.1 (+0.2%), while the S&P SL20 Index gained 8.9 points to close at 3,590.2 (+0.2%). Total turnover for the day stood at LKR 323.8mn (USD 2,232.3k) vs. 12-months average daily turnover of LKR 915.1mn (USD 6,310.0k), whilst the volume traded for the day was 20,331k against the 12-month average daily volume of 36,034k. Top contributory counters towards the day’s turnover were John Keells Holdings (Voting) LKR 73.3mn (USD 505.6k, +0.3%), Chevron Lubricants Lanka LKR 52.5mn (USD 361.9k, +1.0%), Hatton National Bank (Voting) LKR 42.2mn (USD 290.8k, +0.0%), John Keells Holdings (Warrant 23) LKR 35.4mn (USD 244.0k, +51.7%), First Capital Holdings LKR 6.8mn (USD 46.9k, -3.2%)Foreign purchases amounted to LKR 141.1mn (USD 973.0k), whilst foreign sales amounted to LKR 44.3mn (USD 305.5k). This resulted in a net foreign inflow of LKR 96.8mn being recorded at the end of the day’s trading.

September 09, 2016

The ASPI declined for the third consecutive day mainly due to the price dip in Nestle Lanka.
The day’s total turnover was recorded sharply below the average twelve-month daily turnover to which
John Keells Holdings (Voting) contributed the majority. There were no crossings recorded for the day.
The bourse saw net foreign selling during the day.The All Share Price Index lost 7.0 points to close at 6,494.9 (-0.1%), while the S&P SL20 Index gained 2.1 points to close at 3,581.4 (+0.1%). Total turnover for the day stood at LKR 303.2mn (USD 2,091.8k) vs. 12-months average daily turnover of
LKR 920.8mn (USD 6,352.2k), whilst the volume traded for the day was 20,081k against the 12-month
average daily volume of 36,058k. Top contributory counters towards the day’s turnover were John Keells Holdings (Voting) LKR 44.4mn(USD 306.0k, 0.0%), Dialog Axiata LKR 27.4mn (USD 189.3k, 0.0%), ACL Cables LKR 26.1mn (USD
180.1k, -1.0%), John Keells Holdings (Warrant 23) LKR 17.7mn (USD 121.8k, +52.6%), National
Development Bank LKR 14.5mn (USD 100.4k, +0.1%).Foreign purchases amounted to LKR 40.8mn (USD 281.5k), whilst foreign sales amounted to LKR 69.1mn (USD 476.5k). This resulted in a net foreign outflow of LKR 28.3mn being recorded at the end of the day’s trading.

September 08, 2016

USD/LKR closed at 145.00/15 compared with Wednesday’s close of 145.40/45. One-week forwards were quoting at 145.15/30, compared with previous day’s close of 145.65/70, but were not traded as the spot was actively traded. The rupee ended firmer on Thursday as late inward remittances ahead of the annual haj pilgrimage surpassed the mild dollar demand from importers, dealers said.

The ASPI declined for the second straight session due to price dips in stocks such as John Keells
Holdings, Ceylon Cold Stores, Ceylon Tobacco Company, Good Hope and Textured Jersey.
The day’s total turnover was recorded at moderate levels to which Distilleries Company of Sri Lanka
contributed the majority assisted by two crossings. A crossing each was recorded in Ceylinco Insurance
(Non-voting) and Ceylon Cold Stores. The bourse saw net foreign selling during the day.The All Share Price Index lost 6.9 points to close at 6,501.9 (-0.1%), while the S&P SL20 Index lost 3.2 points to close at 3,579.3 (-0.1%).Total turnover for the day stood at LKR 758.4mn (USD 5,221.3k) vs. 12-months average daily turnover ofLKR 922.3mn (USD 6,349.3k), whilst the volume traded for the day was 20,763k against the 12-month average daily volume of 36,098k.Top contributory counters towards the day’s turnover were Distilleries Company of Sri Lanka LKR233.2mn (USD 1,605.5k, +0.3%), First Capital Holdings LKR 82.8mn (USD 570.0k, +8.0%), Ceylon Cold Stores LKR 51.2mn (USD 352.4k, -1.5%), Ceylinco Insurance (Non-voting) LKR 32.6mn (USD 224.4k, -1.6%), Access Engineering LKR 30.0mn (USD 206.6k, -1.5%).Foreign purchases amounted to LKR 273.1mn (USD 1,880.1k), whilst foreign sales amounted to LKR295.8mn (USD 2,036.7k). This resulted in a net foreign outflow of LKR 22.7mn being recorded at the end
of the day’s trading.

September 01, 2016

Deputy Chairman Eshana de Silva took over as the Chairman of Pan Asia Banking Corporation (PABC), yesterday following the resignation of Nimal Perera after completing nine years on the Board as per Central Bank directions on good corporate governance. Eshan joined the Board of Pan Asia Bank in July, 2008 and was appointed as Deputy Chairman in April, 2012. He is the Chairman of Esna Holdings Ltd., Shermans Logistics Ltd, Shermans Transport Ltd, Hanjin Shipping Lanka Ltd and he is the Deputy Chairman of Esna Ltd and Director at Esna Power Ltd, Esna Exports Ltd., Sherman De Silva & Co. Ltd, Sherman Sons td, Mc Marine Ltd, Esna Allied Enterprises Ltd, Mountbatten Lands Ltd, Plumbago Lanka Ltd, Esna International Ltd, Esna Lubricants Ltd, Integrated Shipping Agencies Ltd., Interocean Energy Ltd., and is the Honorary Consul General for Kazakhstan.
Aug 31, 2016

The yield on 03-month T-Bills fell one basis point to 9.03 percent, while that on 12-month bills rose 02 bps to 10.73 percent. The 06-month bill yield was flat at 9.94 percent. The debt office got bids worth Rs73.6 billion and sold 26.9 billion rupees of bills, mostly of one year tenor.

Aug 30, 2016

The ASPI gained marginally due to price gains in stocks such as Lanka Orix Leasing, Overseas Reality,
The Lanka Hospital Corporation, Lanka IOC, and Access Engineering.The day’s turnover was recorded at moderate levels to which Ceylon Grain Elevators made the highest contribution assisted by three crossings.Two crossings were also recorded in John Keells Holdings (Voting). Foreign investors were net sellers during the day.The All Share Price Index gained 1.6 points to close at 6,541.8 (+0.0%), while the S&P SL20 Index lost 6.1 points to close at 3,579.6 (-0.2%).Total turnover for the day stood at LKR 727.3mn (USD 4,998.3k) vs. 12-months average daily turnover of LKR 937.7mn (USD 6,444.0k), whilst the volume traded for the day was 21,596k against the 12-month
average daily volume of 36,938k.Top contributory counters towards the day’s turnover were Ceylon Grain Elevators LKR 275.3mn (USD 1,891.7k, +4.8%), John Keells Holdings (Voting) LKR 136.2mn (USD 936.0k, -0.3%), The
KingsburyLKR 39.8mn (USD 273.8k, +5.0%), Lanka IOCLKR 21.7mn (USD 149.5k, +2.7%), Access Engineering LKR17.9mn (USD 122.8k, +1.6%). NForeign purchases amounted to LKR 119.2mn (USD 818.9k), whilst foreign sales amounted to LKR 344.9mn (USD 2,370.5k). This resulted in a net foreign outflow of LKR 225.8mn being recorded at the end of the day’s trading.

The spot rupee ended at 145.60/65 per dollar, compared with Friday’s close of 145.75/85, while one-week rupee forwards closed at 145.75/85, compared with the previous close of 145.95/146.00. The Sri Lankan rupee ended firmer on Monday as exporter dollar sales surpassed importer demand for the greenback, dealers said.

Aug 29, 2016

LB Finance PLC declared a first and final dividend of Rs. 7.50 per share (par value of Rs 5.00) to the shareholders for the financial year 2015/16. This is an increase of 50% from the previous year, with a total dividend declaration exceeding Rs. 1 Billion. This is the highest dividend paid in the company’s history and stands as a testament to the company’s attitude towards providing the highest possible return to the shareholder.

(PRESS RELEASE) – The National Savings Bank’s (NSB) Profit After Tax (PAT) for the first half stood at Rs. 4.78 billion up from Rs. 3.86 billion during the same period last year. This 24% increase is most noteworthy considering several challenges the Bank had to face during this period under review. These challenges included a weak Equities market environment and mark to market losses on account of increases in interest rates on investments in Government securities. Total assets of the Bank reached Rs. 875 Billion fueled by a satisfactory growth in both retail and corporate lending. The total lending portfolio growth of 10.6% for the first half of 2016 was comparable with the previous year. In another positive development the Bank improved its asset quality considerably with a decrease in NPL ratio to 2% by June 2016 from 3.5% reported end last year. Lower impairment provisioning assisted in enhancing profitability during this first half of the year.Net interest margins declined marginally on account of changes to deposit mix, resulting in a higher cost of funds.The Bank’s Tier 1 capital adequacy ratio stood at 15.94% while the total capital adequacy for the reviewed quarter was 14.97%. These ratios however, remain well above the regulatory standards for well capitalized banks. Liquidity ratio of the Bank stood at 75.19% by the end of June 2016, which is well above the regulatory requirement of 20%. By the end of June 2016, the branch network of the Bank reached to 250 branches and the Bank has added 5 new branches during the period under review. AAA Rating of the Bank was reaffirmed for the 14th consecutive year by the Fitch Ratings Lanka. NSB is the only local bank to receive AAA rating from Fitch Ratings and maintain the same for 14 years.

Aug 24, 2016

The ASPI declined sharply mainly due to price dips in stocks such as John Keells Holdings, Ceylon Cold
Stores and Asiri Hospital Holdings.The day’s turnover crossed LKR 1.3bn mark to which National Development Bank made the highest contribution (c.16% to total turnover). Crossings were recorded in Ceylon Tobacco Company and TokyoCement Company Lanka (Voting).The bourse saw net foreign selling during the day.The All Share Price Index lost 15.5 points to close at 6,588.3 (-0.2%), while the S&P SL20 Index lost 14.2 points to close at 3,613.8 (-0.4%).
Total turnover for the day stood at LKR 1,317.0mn (USD 9,064.8k) vs. 12-months average daily turnover
of LKR 936.8mn (USD 6,448.1k), whilst the volume traded for the day was 31,009k against the 12-month
average daily volume of 37,066k.Top contributory counters towards the day’s turnover were National Development Bank LKR 213.0mn(USD 1,465.9k, -0.1%), Ceylon Tobacco Company LKR 208.0mn (USD 1,431.8k, +0.0%), Tokyo
Cement Company Lanka (Voting) LKR 140.4mn (USD 966.4k, -1.8%), Ceylon Grain Elevators LKR 89.1mn (USD 613.3k, -0.9%), Royal Ceramics Lanka LKR 78.2mn (USD 538.2k, +0.6%).Foreign purchases amounted to LKR 336.5mn (USD 2,316.4k), whilst foreign sales amounted to LKR 572.9mn (USD 3,942.9k). This resulted in a net foreign outflow of LKR 236.3mn being recorded at the end of the day’s trading.

Aug 23, 2016

The ASPI gained sharply to close above its 13-week high mainly due to the number of advances (88)
outpacing the number of declines (59). Index gains were supported by price gains in stocks such as Asiri
Hospital Holdings, Softlogic Holdings, Sampath Bank, Tokyo Cement and Overseas Reality.The day’s turnover crossed LKR 1.8bn mark to which Ceylon Grain Elevators made the highest contribution. Crossings were recorded in Chevron Lubricants Lanka, Commercial Bank (Voting),John Keells Holdings (Voting) and Sampath Bank.The bourse saw net foreign selling during the day. The All Share Price Index gained 9.2 points to close at 6,603.8 (+0.1%), while the S&P SL20 Index lost – 9.2 points to close at 3,628.0 (-0.3%).Total turnover for the day stood at LKR 1,805.8mn (USD 12,428.6k) vs. 12-months average daily turnoverof LKR 935.9mn (USD 6,441.5k), whilst the volume traded for the day was 52,209k against the 12-month average daily volume of 37,081k. Top contributory counters towards the day’s turnover were Ceylon Grain Elevators LKR 319.7mn (USD 2,200.6k, +11.9%), National Development Bank LKR 294.9mn (USD 2,029.8k, -3.4%), Commercial Bank (Voting) LKR 212.6mn (USD 1,463.1k, +0.2%), Sampath Bank LKR 174.8mn (USD 1,202.9k, +1.6%), Chevron Lubricants Lanka LKR 91.7mn (USD 631.3k, -0.6%) Foreign purchases amounted to LKR 507.1mn (USD 3,490.2k), whilst foreign sales amounted to LKR 909.5mn (USD 6259.8k). This resulted in a net foreign outflow of LKR 402.4mn being recorded at the end of the day’s trading.

Aug 22, 2016

The ASPI declined marginally mainly due to price dips in the market heavy-weight Ceylon Tobacco
Company. The day’s turnover was recorded at moderate levels to which Expolanka Holdings made the highest
contribution. A crossing each was recorded in Chevron Lubricants Lanka and Ceylon Tobacco
Company. The bourse saw net foreign buying during the day.The All Share Price Index lost 7.7 points to close at 6,594.6 (-0.1%), while the S&P SL20 Index gained 4.3 points to close at 3,637.1 (+0.1%).Total turnover for the day stood at LKR 643.9mn (USD 4,432.0k) vs. 12-months average daily turnover of LKR 932.4mn (USD 6,418.1k), whilst the volume traded for the day was 34,073k against the 12-month average daily volume of 36,991k.Top contributory counters towards the day’s turnover were Expolanka Holdings LKR71.3mn (US 490.9k, -1.4%), Access Engineering LKR 52.0mn (USD 358.2k, +2.3%), Distilleries Company of Sri Lanka LKR 46.3mn (USD 319.0k, -1.1%), Ceylon Tobacco Company LKR 37.8mn (USD 259.8k, – 2.0%), Chevron Lubricants Lanka LKR 30.3mn (USD 208.6k, -0.4%)Foreign purchases amounted to LKR 169.5mn (USD 1,166.6k), whilst foreign sales amounted to LKR 120.9mn (USD 832.2k). This resulted in a net foreign inflow of LKR 48.6mn being recorded at the end of the day’s trading.

Aug 18, 2016

The ASPI gained sharply due to price increases in the market heavy-weight John Keells Holdings,
Ceylon Tobacco Company, Commercial Bank, Sri Lanka Telecom and Asiri Hospital Holdings.
The day’s turnover crossed LKR 1.7bn mark to which National Development Bank made the highest
contribution with the assistance of a crossing. A Crossing each was also recorded in John Keells
Holdings (Voting) and Commercial Bank (Voting). Foreign investors were net buyers during the day.
The All Share Price Index gained 15.3 points to close at 6,593.3 (+0.2%), while the S&P SL20 Index
gained 15.7 points to close at 3,622.2 (+0.4%).Total turnover for the day stood at LKR 1,784.4mn (USD 12,281.8k) vs. 12-months average daily turnover of LKR 939.2mn (USD 6,464.4k), whilst the volume traded for the day was 46,991k against the 12-month average daily volume of 36,959k. Top contributory counters towards the day’s turnover were National Development Bank LKR 852.9mn (USD 5,870.6k, -0.1%), John Keells Holdings (Voting) LKR 345.4mn (USD 2,377.6k, +1.0%), Commercial Bank (Voting) LKR 91.1mn (USD 627.2k, +1.5%), Distilleries Company LKR 78.8mn
(USD 542.3k, -0.1%), Lanka IOC LKR 44.3mn (USD 304.8k, +1.5%). Foreign purchases amounted to LKR 1,299.8mn (USD 8,946.1k), whilst foreign sales amounted to LKR 956.6mn (USD 6,583.9k). This resulted in a net foreign inflow of LKR 343.2mn being recorded at the end of the day’s trading

Aug 16, 2016

The ASPI declined marginally mainly due to the number of declines (90) outpacing the number of
advances (67). Price gains in stocks such as John Keells Holdings, Dialog Axiata, Commercial Leasing
and Finance and CT Holdings helped in reducing index losses. The day’s turnover was recorded at moderate levels to which National Development Bank made the highest contribution, assisted by a crossing and some block trades on the normal board. The bourse saw net foreign selling during the day. The All Share Price Index lost 4.7 points to close at 6,578.0 (-0.1%), while the S&P SL20 Index gained m4.9 points to close at 3,606.5 (+0.1%).
Total turnover for the day stood at LKR 851.7mn (USD 5,862.2k) vs. 12-months average daily turnover of
LKR 943.3mn (USD 6,492.3k), whilst the volume traded for the day was 34,405k against the 12-month
average daily volume of 36,922k. Top contributory counters towards the day’s turnover were National Development Bank LKR 170.9mn (USD 1,176.5k, +0.6%),John Keells Holdings (Voting) LKR 112.6mn (USD 775.1k, +0.9%), Lanka
IOC LKR 80.4mn (USD 553.4k, +1.0%), Tokyo Cement Company (Non-voting) LKR 74.9mn (USD
515.4k, +2.7%), Lanka Orix Leasing LKR 35.8mn (USD 246.1k, -0.1%). Foreign purchases amounted to LKR 104.2mn (USD 717.4k), whilst foreign sales amounted to LKR 194.1mn (USD 1,335.9k). This resulted in a net foreign outflow of LKR 89.9mn being recorded at the end of the day’s trading

Aug 15, 2016

The ASPI gained sharply mainly due to price gains in the market heavy-weight Nestle Lanka.
The day’s turnover was recorded at moderate levels to which Lanka IOC made the highest contribution.
A crossingwas recorded in Chevron Lubricants Lanka. Foreign investors were net buyers during the day.
The All Share Price Index gained60.5 points to close at 6,582.60 (+0.9%), while the S&P SL20 Index
gained 34.8 points to close at 3,601.7 (+1.0%).Total turnover for the day stood at LKR 675.1mn (USD 4,647.2k) vs. 12-months average daily turnover ofLKR 943.3mn (USD 6,483.0k), whilst the volume traded for the day was 32,643k against the 12-month average daily volume of 36,938k.Top contributory counters towards the day’s turnover were Lanka IOCLKR 105.9mn (USD 728.7k, +6.4%),Agstar (Voting) LKR 55.7mn (USD 383.3k, -3.4%), Distilleries Company LKR 53.7mn (USD 369.9k, +1.7%), Chevron LubricantsLKR 53.0mn (USD 364.8k, +1.4%), Lanka Orix Leasing LKR
36.5mn (USD 251.4k, 0.0%).Foreign purchases amounted to LKR 169.7mn (USD 1,167.8k), whilst foreign sales amounted to LKR 107.1mn (USD 737.0k). This resulted in a net foreign inflow of LKR 62.6mn being recorded at the end of
the day’s tradingAug 15, 2016

China’s blue-chip CSI300 Index rose 1.3 percent to a seven-month high and Shanghai added 0.9 percent amid talk more stimulus would be forthcoming from Beijing. MSCI’s broadest index of Asia-Pacific shares outside Japan recouped early losses to stand steady.

In Oil – oil prices edged higher after boasting gains of 6 percent last week as Saudi Arabia’s oil minister held out the chance of action to help stabilize the market. Brent crude futures were up 31 cents on Monday at $47.28 a barrel, while U.S. crude added 35 cents to $44.84.

Aug 12, 2016

The ASPI gained marginally due to price increases in the market heavy-weight, John Keells Holdings. The day’s turnover was recorded at moderate levels to which John Keells Holdings (Voting) made the highest contribution with the assistance of two crossings. Crossings were also recorded in Lion Brewery Ceylon and Chevron Lubricants Lanka. The bourse saw net foreign buying during the day. The All Share Price Index gained 7.4 points to close at 6,522.1 (+0.1%), while the S&P SL20 Index gained 12.2 points to close at 3,566.8 (+0.3%). Total turnover for the day stood at LKR 725.0mn (USD 4,990.7k) vs. 12-months average daily turnover of LKR 943.3mn (USD 6,493.2k), whilst the volume traded for the day was 27,424k against the 12-month average daily volume of 36,952k. Top contributory counters towards the day’s turnover were John Keells Holdings (Voting) LKR 195.5mn (USD 1,345.9k, +1.6%), Lion Brewery Ceylon LKR 114.0mn (USD 785.0k, +0.8%), Chevron Lubricants Lanka LKR 50.5mn (USD 347.9k, -0.3%), Hatton National Bank (Voting) LKR 43.4mn (USD 298.4k, +0.9%), Lanka Orix Leasing Company LKR 36.2mn (USD 248.9k, +0.1%). Foreign purchases amounted to LKR 355.5mn (USD 2,447.2k), whilst foreign sales amounted to LKR 200.8mn (USD 1,382.4k). This resulted in a net foreign inflow of LKR 154.7mn being recorded at the end of the day’s trading.  Market capitalization stood at LKR 2,779.4bn. YTD performance of the ASPI is -5.4%.

Aug 11, 2016 

ASPI closed at 6,514.77, down 28.98 points or 0.44 percent with losses in Nestle Lanka and Ceylon Cold Stores. The market started off for the day on a positive note although failing to keep up the momentum, to close in red. The ASPI and S&P SL20 index dipped 28.98 points and 10.99 points respectively. Interest today was on EXPO, with the stock securing the top slot turnover and volume wise, with a contribution of ~15.5% and ~38% respectively. EXPO closed LKR 0.10 higher at LKR 7. LLUB and DIST continued to be favourites falling in second and third place turnover wise, assisted by a single negotiated deal on each stock, collectively contributing LKR 93mn. Domestic participation was higher during the day while foreigners were on the selling side posting a net foreign outflow of LKR 13mn. DIST secured the highest net foreign inflow while EXPO saw the highest net foreign outflow of LKR 59.50mn. Price losers outnumbered price gainers 82 to 67.

Aug 10, 2016

The ASPI gained sharply mainly due to price gains in market heavy-weights such as John Keells Holdings and Ceylon Tobacco Company. The day’s turnover was recorded at moderate levels to which John Keells Holdings (Voting) made the highest contribution with the assistance of a crossing. Crossings were also recorded in Chevron Lubricants Lanka. Foreign investors were net buyers during the day.  The All Share Price Index gained 33.6 points to close at 6,543.8 (+0.5%), while the S&P SL20 Index gained 19.1 points to close at 3,565.6 (+0.5%). Total turnover for the day stood at LKR 751.6mn (USD 5,167.2k) vs. 12-months average daily turnover of LKR 946.0mn (USD 6,503.7k), whilst the volume traded for the day was 30,926k against the 12-month average daily volume of 36,994k. Top contributory counters towards the day’s turnover were John Keells Holdings (Voting) LKR 164.1mn (USD 1,128.3k, +2.1%), Chevron Lubricants Lanka LKR 111.3mn (USD 765.4k, -0.1%), Dialog Axiata LKR 55.2mn (USD 379.2k, 0.0%), Alumex LKR 30.5mn (USD 209.4k, +3.1%), Textured Jersey Lanka LKR 29.3mn (USD 201.4k, +1.5%). Foreign purchases amounted to LKR 292.8mn (USD 2,013.2k), whilst foreign sales amounted to LKR 192.4mn (USD 1,322.8k). This resulted in a net foreign inflow of LKR 100.4mn being recorded at the end of the day’s trading.  Market capitalization

ASPI trading at 6,539.25, up 29.14 points or 0.45 percent with gains in John Keells Holdings, brokers said. Turnover 651 million rupees. 

USD/LKR quoted at 145.60/63, little changed from Tuesday’s close of 145.60/65.The USD/LKR 1wk fwd at 145.80/83, dealers said.

Aug 08, 2016

Turnover recorded for the day was below LKR 400mn with only 27mn shares changing hand. The benchmark ASPI closed 10.20 points lower at 6,506.93 points while S&P SL20 closed almost flat at 3,531.39 points. DIST continued to be in the spotlight, with the stock being the highest contributor to today’s turnover, contributing ~14%. The share moved up today after closing lower for three consecutive days last week. DIST closed LKR 2.40 higher at LKR 266.70. Low valued counters continued to be among investor favorites, with BERU and ATL in particular grabbing much of the attention. The above two stocks contributed ~40% to today’s total volume. Price losers outnumbered price gainers by 73 to 61. Foreign investors continued to be net buyers recording a net foreign inflow of LKR 41mn.

Aug 03, 2016

USD/LKR 1week forward closed 146.00/15, up from Tuesday’s close of 146.10/15.The spot rupee is tightly managed by the central bank, and is not traded.

ASPI closed at 6,511.58, up 8.28 points or 0.13 percent with gains seen in Banking and Finance sector stocks, brokers said. Turnover 1.4 million rupees. The ASPI gained for the fifth straight session due to price gains in Commercial Bank, Lanka Orix Leasing Company, John Keells Holdings, Carson Cumberbatch and Lanka Orix Finance.
The day’s total turnover was recorded above the average twelve month daily turnover to which John
Keells Holdings made the highest contribution with the assistance of two crossings. Crossings were also
recorded in Chevron Lubricants and Distilleries Company of Sri Lanka.
The bourse saw net foreign buying during the day. The All Share Price Index gained 8.3 points to close at 6,511.6 (+0.1%), while the S&P SL20 Index
gained 4.4 points to close at 3,534.1 (+0.1%). Total turnover for the day stood at LKR 1,410.0mn (USD 9,664.4k) vs. 12-months average daily turnover of LKR 947.1mn (USD 6,491.7k), whilst the volume traded for the day was 43,585k against the 12-month average daily volume of 37,194k. Top contributory counters towards the day’s turnover were John Keells Holdings (Voting) LKR 370.7mn (USD 2,540.6k, +0.6%), Chevron Lubricants LKR 241.3mn (USD 1,653.8k, -1.3%), Distilleries Company of Sri Lanka LKR 94.9mn (USD 650.3k, -2.2%), Alumex LKR 54.8mn (USD 375.3k, +2.7%),
Sampath Bank LKR 46.8mn (USD 320.6k, +0.5%). Foreign purchases amounted to LKR 487.2mn (USD 3,339.0k), whilst foreign sales amounted to LKR 463.1mn (USD 3,173.8k). This resulted in a net foreign inflow of LKR 24.1mn being recorded at the end of the day’s trading.

Aug 02, 2016

The ASPI gained sharply to close above its six week high due to price gains in Distilleries Company of
Sri Lanka.The day’s total turnover crossed LKR 1.0bn mark to which Distilleries Company of Sri Lanka made the
highest contribution with the assistance of a crossing. A crossing was also recorded in Textured Jersey
Lanka. The bourse saw net foreign selling during the day.The All Share Price Index gained 92.9 points to close at 6,503.3 (+1.4%), while the S&P SL20 Index gained 90.3 points to close at 3,529.7 (+2.6%). Total turnover for the day stood at LKR 1,001.8mn (USD 6,866.2k) vs. 12-months average daily turnoverof LKR 944.8mn (USD 6,475.5k), whilst the volume traded for the day was 37,640k against the 12-month average daily volume of 37,151k. Top contributory counters towards the day’s turnover were Distilleries Company of Sri Lanka LKR 261.8mn (USD 1,794.4k, +15.4%), John Keells Holdings (Voting) LKR 113.8mn (USD 780.0k, +2.3%),Textured Jersey Lanka LKR 80.1mn (USD 548.8k, +1.6%), Dialog Axiata LKR 52.9mn (USD 362.8k,0.0%), Chevron Lubricants LKR 52.7mn (USD 360.9k, 0.0%).Foreign purchases amounted to LKR 346.0mn (USD 2,371.3k), whilst foreign sales amounted to LKR 202.7mn (USD 1,389.2k). This resulted in a net foreign inflow of LKR 143.3mn being recorded at the end of the day’s trading.

Aug 01, 2016

The benchmark Colombo stock index ended up 0.26 percent, or 16.55 points, at 6,410.42. The bourse lost 0.54 percent last week to post its first weekly fall in four. Turnover was 898.1 million rupees. Brokers said the market was awaiting a key policy statement from Prime Minister Ranil Wickremesinghe this month.

USD/LKR 1wk fwd ended at 146.22/30 following Friday’s close of 146.20/23. The spot is unchanged. “Foreign investors seen buying bonds after the rate hike while some local investors were selling to make some profit,” a dealer said.

July 29, 2016

ASPI closed at 6,393.87, higher 1.72 points 0.03 percent gains in Sri Lanka Telecom and John Keels Holdings, brokers said. Turnover was 446 million rupees.

July 28, 2016

The ASPI gained marginally due to price gains in stocks such as CT Holdings, Commercial Bank,
Hemas Holdings, Distilleries Company and Lanka Orix Leasing Company. Index gains were restricted
by price dips in Sri Lanka Telecom and John Keells Holdings.The day’s total turnover was recorded above the average twelve month daily turnover to which Dialog Axiata made the highest contribution. Dialog Axiata traded actively by way of four crossings and some block trades during the day. Foreign investors were net buyers during the day.
The All Share Price Index gained 9.7 points to close at 6,392.2 (+0.2%), while the S&P SL20 Index
gained 12.9 points to close at 3,414.7 (+0.4%). Total turnover for the day stood at LKR 991.5mn (USD 6,796.5k) vs. 12-months average daily turnover of LKR 945.9mn (USD 6,483.9k), whilst the volume traded for the day was 74,437k against the 12-month average daily volume of 37,088k. Top contributory counters towards the day’s turnover were Dialog Axiata LKR 470.8mn (USD 3,227.2k, 0.0%), Hemas Holdings LKR 179.6mn (USD 1,231.0k, +2.3%), John Keells Holdings LKR 33.8mn (USD 231.8k, -0.2%), LB Finance LKR 33.3mn (USD 228.4k, +1.2%), People’s Leasing & Finance
LKR 31.4mn (USD 215.4k, -0.5%). Foreign purchases amounted to LKR 748.1mn (USD 5,128.3k), whilst foreign sales amounted to LKR 730.8mn (USD 5,009.3k). This resulted in a net foreign inflow of LKR 17.4mn being recorded at the end of the day’s trading.

Over 23 million shares of Dialog Axaita was traded at 11.00 rupees, Thursday. The stock is now trading at 11.10 rupees, up 0.10 rupees

July 27, 2016

The ASPI declined marginally mainly due to price dips in market heavy weights such as John Keells
Holdings, Ceylon Tobacco Company, Sri Lanka Telecom, Bukit Darah and Aitken Spence.
The day’s total turnover was recorded sharply below the average twelve month daily turnover to which
Distilleries Company of Sri Lanka made the highest contribution. There were no crossings recorded for
the day. The bourse saw net foreign buying for the day.The All Share Price Index lost 5.4 points to close at 6,382.4 (-0.1%), while the S&P SL20 Index lost 5.0 points to close at 3,401.8 (-0.2%).Total turnover for the day stood at LKR 364.0mn (USD 2,494.8k) vs. 12-months average daily turnover of LKR 945.4mn (USD 6,479.5k), whilst the volume traded for the day was 48,532k against the 12-month average daily volume of 36,954k.Top contributory counters towards the day’s turnover were Distilleries Company of Sri Lanka LKR36.0mn (USD 246.9k, +2.5%), People’s Leasing & Finance LKR 32.7mn (USD 224.0k, +0.6%), Nation Lanka Finance LKR 29.7mn (USD 203.8k, +5.6%), Hayleys Fabric LKR 23.4mn (USD 160.4k, +0.6%),Chevron Lubricants Lanka LKR 19.2mn (USD 131.7k, +0.4%). Foreign purchases amounted to LKR 90.6mn (USD 620.6k), whilst foreign sales amounted to LKR 75.7mn (USD 518.8k). This resulted in a net foreign inflow of LKR 14.9mn being recorded at the end of the day’s trading.

Sri Lanka’s six-month Treasury Bills fell six basis points to 9.69% while that one one-year Bills fell one basis point to 10.48%. The central bank’s public debt department did not accept bids for three-month bills. Rs48.3 billion worth of bids and accepted bids worth Rs20 billion.

July 26, 2016

The ASPI declined sharply mainly due to price dips in market heavy weights such as Carson Cumber batch, Hemas Holdings, John Keells Holdings, Sri Lanka Telecom and Ceylon Cold Stores. The day’s total turnover was recorded sharply below the average twelve month daily turnover to which Tokyo Cement Company (Non-voting) made the highest contribution. There were no crossings recorded for the day. The bourse saw net foreign selling for the day. The All Share Price Index lost 9.2 points to close at 6,387.9 (-0.1%), while the S&P SL20 Index lost 5.2 points to close at 3,406.8 (-0.2%). Total turnover for the day stood at LKR 265.1mn (USD 1,815.7k) vs. 12-months average daily turnover of LKR 946.8mn (USD 6,486.1k), whilst the volume traded for the day was 23,981k against the 12-month average daily volume of 36,924k. Top contributory counters towards the day’s turnover were Tokyo Cement Company (Non-voting) LKR 20.9mn (USD 143.3k, +2.7%), Tokyo Cement Company (Voting) LKR 18.7mn (USD 128.4k, +2.1%), Nation Lanka Finance LKR 17.9mn (USD 122.4k, +5.9%), Hayleys Fibre LKR 17.4mn (USD 119.3k, +2.0%), First Capital Holdings LKR 8.8mn (USD 60.4k, +12.2%).  Foreign purchases amounted to LKR 25.6mn (USD 175.3k), whilst foreign sales amounted to LKR 29.6mn (USD 202.9k). This resulted in a net foreign outflow of LKR 4.0mn being recorded at the end of the day’s trading

July 14, 2016

USD/LKR 1wk fwd was up Thursday at 146.00/05 per dollar, firmer than Wednesday’s close of 146.10/25, dealers said. Spot next ended at 145.95/146.15 per dollar on Wednesday, firmer than Tuesday’s close of 146.20/30..

Asian shares were trading up on Thursday following gains in other international markets. MSCI’s broadest index of Asia-Pacific shares outside Japan were down 0.1 percent in early trade but stood near its eight-month peak hit on Wednesday. Japan’s Nikkei was flat. U.S. stocks ticked up on Wednesday.

In Oil – Oil prices bounced back slightly after tumbling more than 4 percent on Wednesday with Brent crude futures up 0.8 percent to USD46.41 per barrel in early trade.

July 13, 2016

Asian shares were trading higher on solid U.S. growth and accommodative economic policy in major markets, media reports said. MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.4 percent to 427.83. Japan’s Nikkei gained 1 percent. Australian stocks added 0.3 percent and South Korea’s Kospi rose 0.6 percent. New Zealand shares were little changed with the Shanghai advancing 0.3 percent. MSCI’s broadest gauge of the world’s stock markets has recovered all the losses after Britain’s referendum to hit its highest level in over a month, the report said.

USD/LKR 1wk fwd closed at 146.30/40 weaker than Monday’s close of 146.20/50. It traded at 146.67 per dollar intraday. Dealers said that the rupee ended weaker on Tuesday on a lack of exporter dollar conversions and as foreign investors cut down on rupee bond buying in favour of a new higher-yielding sovereign dollar bonds.

July 12, 2016

ASPI trading at 6,401.31, up 29.07 points or 0.46 percent with gains in Dialog Axaita and  Commercial Bank, brokers said. The day’s total turnover was recorded at moderate level to which Hayleys Fibre made the highest contribution. Crossings were recorded in Commercial Bank of Ceylon (Voting) and Lanka Orix Leasing Company. Total turnover for the day stood at LKR 562.6mn (USD 3,854.5k) vs. 12-months average daily turnover of LKR 957.2mn (USD 6,558.5k), whilst the volume traded for the day was 33,941k against the 12-month average daily volume of 36,628k. Top contributory counters towards the day’s turnover were Hayleys Fibre LKR 72.8mn (USD 499.1k, +37.2%), Seylan Bank (Voting) LKR 38.2mn (USD 261.4k, +0.8%), Chevron Lubricants Lanka LKR 31.9mn (USD 218.7k, +2.2%), Commercial Bank of Ceylon (Voting) LKR 31.9mn (USD 218.6k, +1.4%), Aitken Spence Hotel Holdings LKR 29.3mn (USD 200.9k, +1.3%). Foreign purchases amounted to LKR 62.7mn (USD 429.4k), whilst foreign sales amounted to LKR 60.4mn (USD 414.1k). This resulted in a net foreign inflow of LKR 2.2mn being recorded at the end of the day’s trading

July 11, 2016

The ASPI gained marginally due to price gains in Commercial Bank of Ceylon. The day’s total turnover was recorded at moderate level to which John Keells Holdings (Voting) made the highest contribution assisted by six crossings. Crossings were also recorded in Seylan Bank and Lanka Orix Leasing Company. Foreign investors were net buyers during the day. The All Share Price Index gained 5.9 points to close at 6,372.2 (+0.1%), while the S&P SL20 Index gained 11.0 points to close at 3,374.3 (+0.3%). Total turnover for the day stood at LKR 878.8mn (USD 6,028.0k) vs. 12-months average daily turnover of LKR 958.3mn (USD 6,028.0k), whilst the volume traded for the day was 44,805k against the 12-month average daily volume of 36,635k. Top contributory counters towards the day’s turnover were John Keells Holdings (Voting) LKR 432.8mn (USD 2,968.5k, +0.3%), Seylan Bank LKR 183.3mn (USD 1,257.3k, +3.9%), John Keells Holdings (W23) LKR 51.1mn (USD 350.7k, -5.4%), Lanka Orix Leasing Company LKR 24.4mn (USD 167.6k, – 0.1%), Blue Diamonds Jewellery (Voting) LKR 23.8mn (USD 163.2k, +30.8%).  Foreign purchases amounted to LKR 427.2mn (USD 2,930.7k), whilst foreign sales amounted to LKR 82.7mn (USD 567.5k). This resulted in a net foreign inflow of LKR 344.5mn being recorded at the end of the day’s trading.

Sri Lanka has launched sovereign bonds seeking 5 and 10 year funds with Citi, Deutsche Bank, HSBC and Standard Chartered as lead managers, a Bloomberg media report said. The indicative price are 6.125 percent and 7.125 percent range.

July 08, 2016

ASPI gained sharply mainly due to price increases in stocks such as Ceylon Cold Stores, John Keells Holdings, Commercial Bank of Ceylon, Lanka Orix Leasing Company and Sri Lanka Telecom. The day’s total turnover reached LKR 1bn mark with Chevron Lubricants Lanka making the highest contribution to the day’s total turnover. A crossing each was recorded in Lanka Orix Leasing Company, John Keells Holdings (Voting), Expolanka Holdings and National Development Bank. Foreign investors were net buyers during the day. The All Share Price Index gained 55.6 points to close at 6,366.3 (+0.9%), while the S&P SL20 Index gained 37.0 points to close at 3,363.3 (+1.1%). Total turnover for the day stood at LKR 1,015.1mn (USD 6,945.8k) vs. 12-months average daily turnover of LKR 958.6mn (USD 6,559.3k), whilst the volume traded for the day was 38,188k against the 12-month average daily volume of 36,625k. Top contributory counters towards the day’s turnover were Chevron Lubricants Lanka LKR 403.8mn (USD 2,763.3k, +1.6%), John Keells Holdings (Voting) LKR 172.4mn (USD 1,179.5k, +1.0%), Expolanka Holdings LKR 87.5mn (USD 598.9k, +3.0%), John Keells Holdings (W23) LKR 70.8mn (USD 484.4k, +42.3%), National Development Bank LKR 50.7mn (USD 347.1k, +1.8%). Foreign purchases amounted to LKR 657.4mn (USD 4,498.7k), whilst foreign sales amounted to LKR 477.7mn (USD 3,269.0k). This resulted in a net foreign inflow of LKR 179.7mn being recorded at the end of the day’s trading.

Sri Lanka 38-Month T-Bond Yield 11.62 Pct At Auction – Central Bank, Sri Lanka 56-Month T-Bond Yield 11.89 Pct At Auction – Central Bank, Sri Lanka 75-Month T-Bond Yield 12.03 Pct At Auction – Central Bank, Sri Lanka 86-Month T-Bond Yield 12.18 Pct At Auction – Central Bank

ASPI trading at 6,342.43, up 31.74 points or 0.50 percent with gains in John Keells Holdings Commercial Bank and Dialog Axaita, brokers said. Turnover is 558 million rupees. 

USD/LKR one-week forwards quoted at 145.40/60, stronger than Thursday’s close of 146.15/30. “Foreign banks are selling (dollars) as foreign investors are buying into bonds,” said a currency dealer, asking not to be named. Both spot rupee and spot-next were not quoted, dealers said.

July 07, 2016

ASPI trading at 6,289.55, up 9.16 points or 0.15 percent with gains in Chevron Lubricants  and some banking and Finance stocks, brokers said.

USD/LKR one week fwd quoted at 146.90/147.10 stronger than Tuesday’s close of 147.20/30, dealers said. markets were closed on Wednesday for a public holiday. “Importer demand was there in the morning, but later we saw some selling from both local and foreign banks,” said a currency dealer, asking not to be named. The central bank did not intervene for the third straight session since the appointment of the new central bank governor.

July 06, 2016

 

Sri Lanka‘s private-sector credit growth is slowing, after monetary tightening earlier this year, the central bank’s new governor told reporters on Tuesday. “We see credit growth coming down,” Indrajith Coomaraswamy told his first meeting with the media in Colombo. “We still haven’t seen the full effects of what has already being done. Now the slight spike in inflation is partly due to one-off things like the VAT (value added tax).” Credit growth rose to near a four-year high in April of 28.1 percent from a year earlier, accelerating from March’s 27.7 percent, despite monetary tightening measures in December and February.

July 05, 2016

USD/LKR one week forward quoted at 147.00/20 after Monday’s close of 147.10/20.  Both spot rupee and spot-next were not quoted, dealers said.The rupee edged up in one-week forwards on Tuesday, as dollar sales by a foreign bank outpaced mild importer demand for the greenback, they said. ” The central bank did not intervene for the second straight session since the appointment of the new central bank governor, Indrajith Coomaraswamy.”

The Sri Lankan stock index was up 0.26 percent at 6,271.09 on a turnover of 148.4 million rupees ($1.01 million

July 04, 2016

ASPI closed at 6,254.77, down 32.32 points or 0.51 percent with losses in Carson and Cumberbatch, Dialog Axiata and Hatton National Bank, brokers said. Turnover was 277 million rupees. 

USD/LKR one-week forwards quoted at 147.00/30,  weaker than Friday’s close of 146.40/60. “Everybody is awaiting the new governor’s policy statement,” dealers said.

Dr. Indrajit Coomaraswamy has resigned from his post of board of director of John Keells Holdings to take up a new posting as Governor of the Central Bank of Sri Lanka.”We wish to inform you that he has no relevant interest in the shares of JKH as of 3 July 2016,” the company said in stock exchange filling. Sri Lanka’s President Maithripala Sirisena has appointed Dr. Indrajit Coomaraswamy as the new Governor of the Central Bank of Sri Lanka on Saturday, 02, July. He will assume duties as the Governor of Central Bank on Monday.

July 01, 2016

Sri Lanka will have no central bank chief for a few days, the government said on Friday, an unprecedented leadership vacuum that fuels concern about daily operations after the previous governor declined to seek reappointment, the Reuters news agency reported. Mahendran’s successor would be appointed “in the coming hours” President Maitripala Sirisena said this week, but on Friday the government said he would only decide after consulting the finance minister. The uncertainty looks set to persist, however, as Finance Minister Ravi Karunanayake only returns to work on July 4 following a visit to Japan, the report said. (7.00 p.m)

The ASPI gained marginally mainly due to price gains in Dialog Axiata, Bukit Darah, Ceylon Tobacco Company, Hemas Holdings, Vallibel One and DFCC Bank. The day’s total turnover was recorded at moderate levels to which Chevron Lubricants Lanka made the highest contribution by actively trading by way of six crossings and block trades on the normal board. A crossing was recorded in John Keells Holdings (Voting). Foreign investors were net sellers during the day. The All Share Price Index gained 3.8 points to close at 6,287.1 (+0.1%), while the S&P SL20 Index gained 2.3 points to close at 3,302.5 (+0.1%). Total turnover for the day stood at LKR 707.2mn (USD 4,842.2k) vs. 12-months average daily turnover of LKR 965.2mn (USD 6,608.7k), whilst the volume traded for the day was 10,840k against the 12-month average daily volume of 36,928k. Top contributory counters towards the day’s turnover were Chevron Lubricants Lanka LKR 518.4mn (USD 3,549.2k, +0.7%), John Keells Holdings (Voting) LKR 51.6mn (USD 353.5k, 0.0%), Commercial Bank of Ceylon (Voting) LKR 44.2mn (USD 302.7k, -0.6%), Ceylon Tobacco Company LKR 11.8mn (USD 81.0k, 0.0%), Access Engineering LKR 9.8mn (USD 66.8k, 0.0%). Foreign purchases amounted to LKR 451.9mn (USD 3,094.5k), whilst foreign sales amounted to LKR 580.6mn (USD 3,975.5k). This resulted in a net foreign outflow of LKR 128.7mn being recorded at the end of the day’s trading. (3.30 p.m)

ASPI trading at 6,292.51, up 9.24 points or 0.15 percent Friday with gains in Dialog Axaita and John Keells Holding, brokers said, Turnover is 481 million rupees. The index  ended lower for the ninth straight session on Thursday as comments from a minister earlier this week on the imposition of capital gains tax on equities continued to dampen sentiment.

Sri Lanka‘s monetary board will be responsible for the central bank’s daily operations effective immediately, Deputy Governor Nandalal Weerasinghe told Reuters on Friday, after the previous governor declined to seek reappointment amid a corruption probe.

 

June 30, 2016

Sri Lanka’s ASPI fell for an eighth straight session on Wednesday as sentiment continued to be lacklustre following a minister’s comments a day earlier on the imposition of capital gains tax on equities. The benchmark Colombo stock index ended 0.26 percent down at 6,290.89. Turnover stood at 356 million rupees ($2.44 million), nearly half of this year’s daily average of around 746.3 million rupees. Shares in CT Holdings Plc fell 3.85 percent while biggest listed lender Commercial Bank of Ceylon Plc fell 0.57 percent.

June 29, 2016

President Maithripala Sirisena arrived at the Central Bank short while ago, reports said. He tweeted that an announcement on the new Governor will be made soon. Sources say Nandalal Weerasinghe, deputy governor, Dinesh Weerakkody, P Samarasiri, Eran Wickremeratne, considered for position.

COPE has accepted the Auditor General’s report on the Treasury bond transactions last year, and will meet central bank and finance ministry officials July 7 to discuss it, a media report said.

June 28, 2016

ASPI closed at 6,307.40, down 10.81 points or 0.17 percent with losses in Ceylon Tobacco Company, Lion Brewary and Dialog Axaita, brokers said.

USD/LKR one-week dollar/rupee forwards traded at 148.05/20, up from Monday’s close of 148.20/40,  as exporters and banks sold the greenback after the island nation’s currency declined on a stronger dollar following the Brexit vote last week. Dealers said the three-day dollar/rupee forwards, which were not traded since June 15, started trading on Monday. The forwards, known as spot next, were at 147.80/148.00 per dollar firmer from Monday’s close of 148.05/25.

ASPI trading at 6,338.71, up 20.50 points or 0.32 percent with gains in Nestle Lanka and Dialog Axiata, brokers said. Turnover 377 million rupees. 

June 24, 2016

The Nikkei was down 7.9 percent and european markets are expected to open sharply lower, with London’s FTSE 100 seen down 476 points at 5,862, 7.5 percent lower, while the German DAX index is called 682 points lower at 9,575, a 6.6 percent fall. France’s CAC 40 is expected to open 308 points lower at 4,158, a decline of 6.9 percent.

David Cameron says he will step down as Prime Minister of the United Kingdom within three months after the shock victory for the campaign to leave the European Union.

June 23, 2016

Dr. Dayanath Jayasuriya has been appointed as Chairman and Non-Executive Independent Director of the troubled Blue Diamonds Jewellery Worldwide Plc. following the step down of Chinese controlling shareholder Xia Liqiang. He will step down as Chairman but will remain on the Blue Diamonds Board as Deputy Chairman and Managing Director. The company also announced the appointment of S. Prabaharan as an Executive Non-Independent Director. Jayasuriya PC is a Fellow of the International Compliance Association (UK). He was also former Chairman of Insurance Board of Sri Lanka and a Director of the Public Utilities Commission, the National Procurement Agency among others.

June 22, 2016

The ASPI declined for the third consecutive day mainly due to the price dip in the market heavyweight, Ceylon Tobacco Company. The day’s total turnover was recorded at moderate levels amidst lacklustre investor participation to which Textured Jersey Lanka contributed the majority with the aid of four crossings. A crossing each was recorded in Aitken Spence and Commercial Bank of Ceylon(Voting). Foreign investors were net buyers during the day. The All Share Price Index lost 26.1 points to close at 6,420.8 (-0.4%), while the S&P SL20 Index lost 18.3 points to close at 3,380.0(-0.5%).Total turnover for the day stood at LKR 570.1mn (USD 3,881.8k) vs. 12-months average daily turnover of LKR 976.2mn (USD 6,647.0k), whilst the volume traded for the day was 16,504k against the 12-month average daily volume of 37,534k.  Top contributory counters towards the day’s turnover were Textured Jersey Lanka LKR 188.9mn (USD 1,286.1k, -0.8%), Commercial Bank of Ceylon(Voting) LKR 136.4mn (USD 928.8k, -1.3%), Aitken Spence LKR 25.5mn (USD 173.5k, -1.3%), Commercial Bank of Ceylon(Non-voting) LKR 24.6mn (USD 167.4k, -0.9%), Sampath Bank LKR 18.9mn (USD 128.5k, -0.8%). Foreign purchases amounted to LKR 161.2mn (USD 1,097.6k), whilst foreign sales amounted to LKR 114.3mn (USD 778.2k). This resulted in a net foreign inflow of LKR 46.9mn being recorded at the end of the day’s trading.  Market capitalization stood at LKR 2,736.0bn. YTD performance of the ASPI is -6.9%.

Adam Investments PLC at a meeting of Board Directors of the company have resolved to recommend to shareholders that ordinary shares of the company in issue be increased by way of a subdivision whereby one ordinary share will be subdivided into two ordinary shares. On this basis the Four Hundred Forty Nine Million Two Hundred Seventy Six Thousand Two Hundred (449,276,200) Ordinary shares in issue as at date will be increased to Eight Hundred Ninety Eight Million Five Hundred Fifty Two Thousand Four Hundred (898,552,400) Ordinary shares.As a result of the recommended subdivision there will be no change in the stated capital of the company. The proposed subdivision, will be subject to shareholder approval at a shareholder meeting at the next Annual General Meeting and the dates will be informed later.

Asian stocks edged up on Wednesday as nervous investors counted down to Britain’s make-or-break European Union referendum.  MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.2 percent. Japan’s Nikkei extended losses to shed 1 percent. China’s CSI 300 index and the Shanghai Composite both advanced about 0.3 percent, while Hong Kong’s Hang Seng slipped 0.1 percent.

June 21, 2016

USD/LKR one week forward quoted at 148.45/50, Tuesday. The spot is holding at 144.50. (12.30 p.m)

ASPI trading at 6,460.31, down 0.81 points or 0.01 percent with losses in Lanka Orix Leasing and John Keells Holdings, brokers said. 

June 16, 2016

Stocks – The benchmark Colombo stock index ended 1 percent, or 64.87 points lower, at 6,435.77, its lowest close since April 27. Turnover stood at 325.6 million rupees ($2.25 million), well below this year’s daily average of around 764.8 million rupees. Shares in conglomerate John Keells Holdings Plc fell 1.94 percent, while the biggest listed lender Commercial Bank of Ceylon Plc lost 2 percent and Carson Cumberbatch Plc dropped 5.44 percent.

Currency – USD/LKR spot next, did not actively trade on Thursday. They closed at 144.85/90 per dollar on Wednesday, compared with Tuesday’s close of 144.90/145.10. Sri Lankan rupee one-week forwards ended slightly firmer on Thursday amid dollar demand by importers and foreign investors, dealers said. One-week dollar/rupee forwards, which have been acting as a proxy for the spot rupee in the absence of trade in three-day forwards on Thursday, closed at 145.35/60 per dollar compared with Wednesday’s close of 145.50/60.

June 14, 2016

ASPI closed 6,500.64, down 17.44 points or 0.27 percent with losses in John Keells Holdings and Cargils, brokers said. Turnover was 402 million rupees. (3.00pm) 

The spot rupee, which was traded actively for four straight sessions through Monday, was not traded on Tuesday, they said. On Monday, it had closed at 144.85/95 per dollar. Dollar/rupee forwards, known as spot next, ended at 144.90/145.10 per dollar, compared with Monday’s close of 144.90/145.00. “The importer dollar demand was there today. Natural demand has come in as the rupee appreciated during the last few days,” a currency dealer said, asking not be named. “Heavy moral suasion prevented spot and spot next trading and it was the one-week forwards which were active. The central bank did not allow spot and spot next trade higher.”. One-week forwards ended at 145.30/40 per dollar, lower than Monday’s close of 144.95/145.10.

Sri Lankan shares closed lower on Tuesday, slipping from a more than one-week high hit in the previous session, on concerns over rising interest rates and foreign fund outflows. The benchmark Colombo stock index ended 0.31 percent lower at 6,518.08, its lowest close since April 29 and slipping from its highest close since June 1 hit on Monday. The index gained 0.17 percent last week, snapping a three-week losing streak. Turnover stood at 825.4 million rupees ($5.70 million), the highest since May 27, and more than this year’s daily average of around 772.1 million rupees. Treasury bill yields have risen between 16 and 36 basis points to near three-year highs in the last three weekly auctions through Wednesday despite the central bank leaving key policy rates steady for a third straight month on May 20.

June 13, 2016

ASPI closed up 6,538.25, up 7.75 points or 0.12 percent with gains in Casons and John Keells Holdings, brokers said. (3.30p.m)

ASPI trading at 6,538.89, up 8.39 points or 0.13 percent with gains in Casons and John Keells Holdings, brokers said. (12.00 noon)

June 10, 2016

ASPI closed at 6,530.50, higher 2.47 points or 0.04 percent with gains in some telecom stocks, brokers said. Turnover was 276 million rupees. 

Asian stocks were on the decline for a second day, following losses in global markets and commodity prices. The MSCI Asia Pacific Index slipped 0.8 percent to 130.60. Japan’s Topix index slid 0.8 percent while South Korea’s Kospi index dropped 0.3 percent. Australia’s S&P/ASX 200 Index declined 1.1 percent and New Zealand’s S&P/NZX 50 Index retreated 0.1 percent. Markets in China and Taiwan remain shut for a holiday.

In Oil –  West Texas Intermediate crude for July delivery fell 0.1 percent in early Asian trading, heading for its second day of declines.

June 09, 2016

Asian stocks retreated from a six-week high as the Yen grew stronger as did crude oil. The MSCI Asia Pacific Index dropped 0.1 percent to 132.19.  Japan’s Topix index slipped 0.4 percent as the yen headed for a third day of gains while South Korea’s Kospi index was little changed. Australia’s S&P/ASX 200 Index and New Zealand’s S&P/NZX 50 Index both increased 0.2 percent. The Hang Seng China Enterprises Index has risen for nine days in a row through Wednesday, notching up a gain of 5.9 percent.

In Oil – Brent crude LCOc1 settled up USD1.07, or 2.08 percent at USD52.51 a barrel, while U.S. crude CLc1 settled up 87 cents, or 1.73 percent, at USD51.23.

June 08, 2016

ASPI closed at 6,526.12, up 2.12 points or 0.03 percent with slight gains in Ceylon Tobacco Company and John Keells Holding, brokers said.  Turnover was 390 million rupees. Ceylon Cold Stores Plc rose 1.90 percent, Ceylon Tobacco Company Plc gained 0.91 percent, Sri Lanka Telecom Plc added 0.76 percent, while conglomerate John Keells Holdings Plc increased 0.32 percent.

June 07, 2016

ASPI 6,524.00, up 5.02 points or 0.08 percent with gains in Buki Dhara and. John Keells Holdings, brokers said. Total turnover for the day stood at LKR 596.6mn (USD 4,098.1k) vs. 12-months average daily turnover of LKR 1,009.1mn (USD 6,931.2k), whilst the volume traded for the day was 72,881k against the 12-month average daily volume of 38,738k.  Top contributory counters towards the day’s turnover were John Keells Holdings (voting) LKR 218.8mn (USD 1,503.1k, +0.4%), Asia Asset Finance LKR 88.7mn (USD 609.0k, +6.3%), Lion Brewery Ceylon LKR 31.0mn (USD 212.9k, +4.9%), Amaya Leisure LKR 30.5mn (USD 209.2k, -2.8%), Textured Jersey LKR 21.1mn (USD 145.1k, +0.5%). Foreign purchases amounted to LKR 230.9mn (USD 1,586.1k), whilst foreign sales amounted to LKR 256.4mn (USD 1,761.0k). This resulted in a net foreign outflow of LKR 25.5mn being recorded at the end of the day’s trading.

Total turnover for the day stood at LKR 596.6mn (USD 4,098.1k) vs. 12-months average daily turnover of LKR 1,009.1mn (USD 6,931.2k), whilst the volume traded for the day was 72,881k against the 12-month average daily volume of 38,738k.

Top contributory counters towards the day’s turnover were John Keells Holdings (voting) LKR 218.8mn (USD 1,503.1k, +0.4%), Asia Asset Finance LKR 88.7mn (USD 609.0k, +6.3%), Lion Brewery Ceylon LKR 31.0mn (USD 212.9k, +4.9%), Amaya Leisure LKR 30.5mn (USD 209.2k, -2.8%), Textured Jersey LKR 21.1mn (USD 145.1k,  0.5%).

Foreign purchases amounted to LKR 230.9mn (USD 1,586.1k), whilst foreign sales amounted to LKR 256.4mn (USD 1,761.0k). This resulted in a net foreign outflow of LKR 25.5mn being recorded at the end of the day’s trading.

53 Total turnover for the day stood at LKR 596.6mn (USD 4,098.1k) vs. 12-months average daily turnover of LKR 1,009.1mn (USD 6,931.2k), whilst the volume traded for the day was 72,881k against the 12-month average daily volume of 38,738k.

Top contributory counters towards the day’s turnover were John Keells Holdings (voting) LKR 218.8mn (USD 1,503.1k, +0.4%), Asia Asset Finance LKR 88.7mn (USD 609.0k, +6.3%), Lion Brewery Ceylon LKR 31.0mn (USD 212.9k, +4.9%), Amaya Leisure LKR 30.5mn (USD 209.2k, -2.8%), Textured Jersey LKR 21.1mn (USD 145.1k, +0.5%).

Foreign purchases amounted to LKR 230.9mn (USD 1,586.1k), whilst foreign sales amounted to LKR 256.4mn (USD 1,761.0k). This resulted in a net foreign outflow of LKR 25.5mn being recorded at the end of the day’s trading.

5 AAF – 55.4 mn shares traded on CSE – * 78 trades – VWA price : Rs1.6 * Largest trade : 25 mn shares * ACAP held 74.0 mn shares in AAF (i.e. 8.8%) as at 31.3.16, and is speculated to be the main seller today

ASPI trading at 6,527.23, up 8.25 points or 0.13 percent with gains in Dialog Axaita and Buki Dhara, brokers said. 

June 06, 2016

ASPI closed at 6,518.98, down 0.25 points or 0.00 percent. The ASPI declined marginally due to price dips in stocks such as Lion Brewery Ceylon, John Keells Hotels,Dialog Axiata, Access Engineering and Softlogic Holdings. The day’s total turnover was recorded sharply below the twelve month average daily turnover,to which Expolanka Holdings contributed the majority assisted by two crossings and some block trades on the normal board. A crossing was also recorded in Nestle Lanka. Foreign investors were net sellers during the day. Top contributory counters towards the day’s turnover were Expolanka Holdings LKR 148.4mn (USD 1,012.8k, 0.0%), People’s Leasing & Finance LKR 40.2mn (USD 274.7k, 0.0%), Nestle Lanka LKR 34.0mn (USD 231.9k, +0.0%), Ceylon Tobacco Company LKR 30.5mn (USD 208.2k, 0.0%), John Keells Holdings(voting) LKR 24.8mn (USD 169.4k, -0.2%). Foreign purchases amounted to LKR 140.0mn (USD 955.9k), whilst foreign sales amounted to LKR 232.3mn (USD 1,586.1k). This resulted in a net foreign outflow of LKR 92.3mn being recorded at the end of the day’s trading

June 03, 2016

USD/LKR fwd at 147.35/45, after Thursday’s close of 147.75/90. “Although there is demand, a state bank is selling (dollars) at 147.35 to select trades and there are no other sellers in the market,” a currency dealer said.The spot currency was not traded.

ASPI trading at 6,519.41, down  0.07 percent with a turnover of 158.2 million rupees.

June 02, 2016

ASPI closed at 6,523.84, down 18.91 points or 0.29 percent with losses in index heavy stocks, brokers said. Turnover was  671 million rupees. 

Asian stocks eased on Thursday after surveys showed global manufacturing activity and demand remain weak. MSCI’s broadest index of Asia-Pacific shares outside Japan struggled to keep its head above water after rising more than 3 percent over the last seven days. Japan’s Nikkei fell 2.3 percent after the dollar sunk to a two-week low against the yen overnight.

In Oil – Crude oil futures slipped after a choppy session on Wednesday. U.S. crude was down 0.3 percent at USD48.86 a barrel, but remained above its overnight session low of USD47.75. Brent percent was flat at USD49.73.

June 01, 2016

ASPI closed at 6,542.75, down 7.76 points or 0.12 percent with losses in some Telecom sector stocks, brokers said. Turnover was 618 million rupees. Total turnover for the day stood at LKR 618.1mn (USD 4,194.4k) vs. 12-months average daily turnover of LKR 1,021.0mn (USD 6,928.3k), whilst the volume traded for the day was 18,613.8k against the 12- month average daily volume of 39,067k. Top contributory counters towards the day’s turnover were John Keells Holdings (Voting) LKR 252.0mn (USD 1,710.1k,-0.1%), Commercial Bank (Voting) LKR 117.1mn (USD 794.8k, +0.2%), Hemas Holdings LKR 36.2mn (USD 245.5k, +0.8%), Textured Jersey Lanka LKR 31.7mn (USD 215.3k, +2.0%), Distilleries Company of Sri Lanka LKR 26.1mn (USD 177.1k, 0.0%). Foreign purchases amounted to LKR 385.7mn (USD 2617.6k), whilst foreign sales amounted to LKR 421.2mn (USD 2,858.0k). This resulted in a net foreign outflow of LKR 35.4mn being recorded at the end of the day’s trading. (3.30 p.m)

Asian stocks were down on Wednesday following an oil price decline. Japan’s Nikkei lost 0.6 percent as the yen firmed. Other decliners included Australian stocks, which fell 0.9 percent. Shanghai see-sawed in and out of negative mode. MSCI’s broadest index of Asia-Pacific shares outside Japan recovered from an earlier dip and crawled up 0.1 percent. Hong Kong’s Hang Seng rose 0.1 percent, while South Korea’s KOSPI was flat.

In Oil – Crude oil prices pulled back from eight-month high of last week. U.S. crude was last down 0.2 percent at USD49.02 a barrel and Brent fell 0.3 percent to USD49.75.

May 31, 2016

The ASPI declined marginally due to number of declines (87) outweighing the number of advances (58) Price dips in stocks such as Hemas Holdings, Commercial Bank of Ceylon, Distilleries Company of Sri Lanka, LOLC Finance and Property Development weighed on the index. The day’s total turnover was recorded at moderate levels to which John Keells Holdings (Voting) contributed the majority (48% of total turnover). A crossing was recorded in Textured Jersey Lanka. Foreign investors were net buyers during the day.  The All Share Price Index lost 2.3 points to close at 6,550.5 (-0.0%), while the S&P SL20 Index lost 10.9 points to close at 3,425.6(-0.3%). Total turnover for the day stood at LKR 700.3mn (USD 4,751.4k) vs. 12-months average daily turnover of LKR 1,030.3mn (USD 6,990.6k), whilst the volume traded for the day was 16,223.0k against the 12- month average daily volume of 39,480k.  Top contributory counters towards the day’s turnover were John Keells Holdings (Voting) LKR 337.1mn (USD 2,287.0k, 0.0%), Hatton National Bank (Voting) LKR 80.1mn (USD 543.1k, 0.0%), Textured Jersey Lanka LKR 45.1mn (USD 305.8k, -1.2%), National Development Bank LKR 22.5mn (USD 152.6k, -1.1%), Distilleries Company of Sri Lanka LKR 20.9mn (USD 141.9k, -0.9%). Foreign purchases amounted to LKR 422.5mn (USD 2,866.3k), whilst foreign sales amounted to LKR 372.7mn (USD 2,528.8k). This resulted in a net foreign inflow of LKR 49.7mn being recorded at the end of the day’s trading

Asian shares were down on Tuesday and were on track for a monthly loss, according to foreign media reports. MSCI’s broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS was flat in early trading, ending more than 2 percent lower for the month while Japan’s Nikkei 225 was also down 0.3 percent. It was up 2 percent for May. In South Korea, the Kospi was mostly unchanged as well.Australia’s ASX 200 was 0.62 percent lower in early morning trade.  (08.00A.M)

In Oil – There was no Monday settlement for U.S. crude futures because of a U.S holiday. In early Asian trade, it was up 0.3 percent at USD49.50. Brent crude futures LCOc1 settled up 44 cents at USD49.76 a barrel. (08.00A.M)

May 30, 2016

ASPI closed at 6,552.85, down 18.36 points or 0.28 percent with losses Ceylon Tobacco Company and some banking sector stocks, brokers said. Total turnover was 740 million rupees. Total turnover for the day stood at LKR 740.2mn (USD 5,060.7k) vs. 12-months average daily turnover of LKR 1,031.2mn (USD 7,050.5k), whilst the volume traded for the day was 10,129.7k against the 12- month average daily volume of 39,544k. Top contributory counters towards the day’s turnover were John Keells Holdings (Voting) LKR 347.9mn (USD 2,378.3k, 0.0%), Distilleries Company LKR 183.8mn (USD 1,256.7k, -0.2%), National Development Bank LKR 53.8mn (USD 367.7k, 0.0%), Nestle Lanka LKR 14.5mn (USD 98.8k, +3.2%), ACL Plastics LKR 8.9mn (USD 60.9k, +4.3%). Foreign purchases amounted to LKR 483.2mn (USD 3,303.8k), whilst foreign sales amounted to LKR 549.8mn (USD 3,758.9k). This resulted in a net foreign outflow of LKR 66.6mn being recorded at the end of the day’s trading. (03.00 p.m)

Asian stock markets traded mixed on Monday. Japan’s Nikkei 225 index was up 0.89 percent while in China the Shanghai  composite was trading lower by 0.16 percent and the Shenzhen composite was also down 0.287 percent. In Hong Kong the Hang Seng index was higher by 0.35 percent. Australia’s ASX 200 was trading effectively flat. Across the Korean Strait, the Kospi was down 0.11 percent. (08.00A.M) 

In oil – In the energy markets, Brent crude was trading at USD49.38 a barrel, after climbing as high as USD50.51 last Friday, while U.S crude was trading at USD49.41, up 8 cents from its last settlement. (08.00A.M) 

May 27, 2016 

ASPI close at 6,571.21, up 2.45 points or 0.04 percent with gains in Ceylon Tobacco Company, Nestle Lanka and John Keells Holdings, brokers said.  Turnover was 1.0 billion rupees. Top contributory counters towards the day’s turnover were Commercial Bank of Ceylon (Voting) LKR 799.3mn (USD 5,467.9.0k, -0.4%), John Keells Holdings (Voting) LKR 120.4mn (USD 823.3k, +0.5%), Swisstek Ceylon LKR 16.8mn (USD 114.7k, -2.5%), Royal Ceramics LKR 13.7mn (USD 93.9k, +0.8%), Access Engineering LKR 8.7mn (USD 59.6k, -0.9%). Foreign purchases amounted to LKR 252.6mn (USD 1,727.8k), whilst foreign sales amounted to LKR 909.6mn (USD 6,222.5k). This resulted in a net foreign outflow of LKR 657.0mn being recorded at the end of the day’s trading.  (4.00 p.m) 

Asian stocks were up following positive U.S data. Japan’s Nikkei .N225 nudged up 0.4 percent, buoyed by prospects of Tokyo delaying a sales tax hike. MSCI’s broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS gained 0.2 percent to a two-week high. The index was on track to gain 2.3 percent this week. The Shanghai Composite Index was poised for its sixth weekly loss in a row, the longest losing streak in almost four years. Benchmarks rose in Singapore, while declines were seen in Hong Kong and Shanghai. (08.00am) 

In Oil – Brent crude LCOc1 was down 0.1 percent at USD49.52 a barrel after surging to as high as USD50.51 on Thursday.  (08.00am)

May 26, 2016

ASPI closed at 6,568.76, down 14.73 points or 0.22 percent with losses in John Keells Holdings and Cargills Ceylon, brokers said. (May 26, 2016 04.00 p.m) 

Asian stocks rose fueled a global equity rally, media reports said. The MSCI Asia Pacific Index climbed 0.7 percent to 127.62. Japan’s Nikkei rose 0.3 percent. Australia’s S&P/ASX 200 Index added 0.4 percent and New Zealand’s S&P/NZX 50 Index gained 0.3 percent. South Korea’s Kospi index also increased 0.3 percent. The Shanghai Composite Index fell 0.2 percent yesterday, the only major gauge in the region to decline.

Brent crude oil rose above USD50 a barrel for the first time in nearly seven months. Global benchmark Brent futures rose 34 cents or about 0.6 percent to as high as USD50.08 per barrel, the highest level since early November. U.S. West Texas Intermediate (WTI) hit USD49.88, a seven-month high.

May 25, 2016

The ASPI gained due to price gains in market heavy weights such as Hemas Holdings, Dialog Axiata, Asian Hotels and Properties, Ceylon Beverage Holdings and Cargills. The All Share Price Index gained 12.9 points to close at 6,583.5 (+0.2%), while the S&P SL20 Index gained 3.1 points to close at 3,446.5(+0.1%). Total turnover for the day stood at LKR 952.2mn (USD 6,519.8k) vs. 12-months average daily turnover of LKR 1,038.1mn (USD 7,108.5k), whilst the volume traded for the day was 18,264k against the 12-month average daily volume of 40,082k. Top contributory counters towards the day’s turnover were Commercial Bank of Ceylon (Voting) LKR 328.9mn (USD 2,252.0k, -0.4%), National Development Bank LKR 202.5mn (USD 1,386.3k, 0.0%), John Keells Holdings (Voting) LKR 80.2mn (USD 549.0k, +0.2%), Commercial Bank of Ceylon (Nonvoting) LKR 31.7mn (USD 216.8k, 0.0%), Swisstek LKR 26.2mn (USD 179.3k, +3.3%). Foreign purchases amounted to LKR 258.2mn (USD 1,768.1k), whilst foreign sales amounted to LKR 704.6mn (USD 4,824.7k). This resulted in a net foreign outflow of LKR 446.4mn being recorded at the end of the day’s trading

Asian stocks rose higher on Wednesday, with several major indexes advancing more than 1 percent each, with the regional equities benchmark gauge rebounding from a seven-week low. The MSCI Asia Pacific Index climbed 0.8 percent to 125.95 while Japan’s Nikkei 225 was up 1.76 percent, with shares receiving an additional boost from a relatively weaker yen against the dollar. In Korea the Kospi advanced 1.06 percent and In Hong Kong, the Hang Seng was higher by 2.38 percent. In mainland China  the Shanghi composite up by 0.58 percent and the Shenzhen composite adding 0.95 percent.

In Oil – Oil prices advanced in early Asian hours on Wednesday, with global benchmark Brent futures up 1.15 percent to USD 49.17 while U.S crude futures added 1.28 percent to USD 49.24.

May 24, 2016

The ASPI declined sarply due to number of declines (131) outweighing the number of advances (24). Price declines in stocks such as Sri Lanka Telecom, Carson Cumberbatch, Dialog Axiata, Lion Brewery Ceylon and Hemas Holdings weighed on the index.The Bourse saw net foreign buying during the day. The All Share Price Index lost 62.7 points to close at 6,570.6 (-1.0%), while the S&P SL20 Index lost 11.3 points to close at 3,443.3(-0.3%). Total turnover for the day stood at LKR 762.9mn (USD 5,226.2k) vs. 12-months average daily turnover of LKR 1,040.0mn (USD 7,124.3k), whilst the volume traded for the day was 22,634k against the 12-month average daily volume of 40,240k.  Top contributory counters towards the day’s turnover were Commercial Bank of Ceylon (Voting) LKR 288.0mn (USD 1,973.0k, 0.0%), Lion Brewery Ceylon LKR 134.9mn (USD 923.9k, -4.8%), Hatton National Bank (Voting) LKR 58.0mn (USD 397.3k, +0.2%), People’s Leasing & Finance LKR 41.0mn (USD 280.8k, -1.6%), Ceylon Tobacco Company LKR 22.1mn (USD 151.2k, -0.0%). Foreign purchases amounted to LKR 564.6mn (USD 3,867.8k), whilst foreign sales amounted to LKR 519.8mn (USD 3,560.6k). This resulted in a net foreign inflow of LKR 44.8mn being recorded at the end of the day’s trading

May 20, 2016

ASPI closed at 6,633.27, down 14.86 points or 0.22 percent with losses in Ceylon Tobacco Company, brokers said.  

The ASPI gained marginally due to price increases in market heavyweights such as Ceylon Tobacco Company, Carson Cumberbatch, Asiri Hospital Holdings, Commercial Bank of Ceylon and Lanka Orix Leasing Company. The day’s total turnover was recorded over LKR 1.4bn to which John Keells Holdings (Voting) contributed the majority, assisted by four crossings and some block trades on the normal board. Crossings were also recorded in Access Engineering, Commercial Bank of Ceylon (Voting), Ceylon Tobacco Company and Nestle Lanka. Foreign investors were net buyers during the day. The All Share Price Index gained 9.4 points to close at 6,680.2 (+0.1%), while the S&P SL20 Index gained 1.0 points to close at 3,483.7(+0.0%).  Total turnover for the day stood at LKR 1,431.9mn (USD 9,812.4k) vs. 12-months average daily turnover of LKR 1,047.2mn (USD 7,176.4k), whilst the volume traded for the day was 24,591k against the 12- month average daily volume of 40,918k.  Top contributory counters towards the day’s turnover were John Keells Holdings (Voting) LKR 421.5mn (USD 2,888.5k, -1.4%), Nestle Lanka LKR 225.7mn (USD 1,546.7k, -0.4%), Ceylon Tobacco Company LKR 187.9mn (USD 1,287.4k, +0.9%), Commercial Bank of Ceylon (Voting) LKR 155.9mn (USD 1,068.5k, +0.9%), Textured Jersey Lanka LKR 47.4mn (USD 325.0k, +2.9%). Foreign purchases amounted to LKR 1,051.1mn (USD 7,202.8k), whilst foreign sales amounted to LKR 791.6mn (USD 5,424.6k). This resulted in a net foreign inflow of LKR 259.5mn being recorded at the end of the day’s trading

Asian stocks were down for the first time this week as investors weighed data showing Japan’s economy grew more than expected and higher interest rates in the US. The MSCI Asia Pacific Index slipped 0.2 percent to 127.25. Japan’s Topix index gained 0.4 percent while Taiwan’s Taiex Index dropped 0.4 percent. South Korea’s Kospi index slid 1 percent, while Australia’s S&P/ASX 200 Index lost 0.2 percent. New Zealand’s S&P/NZX 50 Index declined 0.2 percent. Mainland Chinese stocks traded in Hong Kong slumped 1.1 percent while Hong Kong’s Hang Seng Index lost 1.1 percent, while the Shanghai Composite Index slid 1 percent. (May 18, 2016 08.00 am)

In oil – West Texas Intermediate crude added 0.3 percent to $48.45 a barrel, extending gains at a seven-month high.

May 17, 2016

The ASPI declined sharply due to price declines in market heavyweights such as Ceylon Tobacco Company, John Keells Holdings, Commercial Bank, Lanka Orix Leasing Company, and C T Holdings. The day’s total turnover was recorded at moderate levels to which Distilleries Company of Sri Lanka contributed the majority,assisted by way of two crossings and some block trades on the normal board. Crossings were also recorded in Dialog Axiata and Ceylon Tobacco Company. Foreign investors were net buyers during the day. The All Share Price Index lost37.6 points to close at 6,670.8 (-0.6%), while the S&P SL20 Index lost27.5 points to close at 3,482.6(-0.8%). Total turnover for the day stood at LKR 710.7mn (USD 4,869.6k) vs. 12-months average daily turnover of LKR 1,046.2mn (USD 7,168.2k), whilst the volume traded for the day was 32,174k against the 12-month average daily volume of 40,964k.  Top contributory counters towards the day’s turnover were Distilleries Company of Sri Lanka LKR 116.1mn (USD 795.6k, +1.2%), Dialog Axiata LKR 91.2mn (USD 624.6k, +0.9%), John Keells Holdings LKR 60.4mn (USD 413.8k, -1.3%), Ceylon Tobacco CompanyLKR 43.7mn (USD 299.3k, – 2.6%), Swisstek Ceylon LKR 42.0mn (USD 288.0k, +0.6%).Foreign purchases amounted to LKR 372.2mn (USD 2,550.4k), whilst foreign sales amounted to LKR 324.6mn (USD 2,224.3k). This resulted in a net foreign inflow of LKR 47.6mn being recorded at the end of the day’s trading.

Asian stocks rose for a second day following gains in the US markets and oil companies climbed on higher crude prices. The MSCI Asia Pacific Index added 0.2 percent to 126.63. Japan’s Topix index rose 0.7 percent and South Korea’s Kospi index added 0.2 percent. Australia’s S&P/ASX 200 Index increased 0.2 percent. New Zealand’s S&P/NZX 50 Index rallied 0.8 percent. Markets in China and Hong Kong have yet to start trading. According to media reports,  Apple jumped the most since March after Warren Buffett’s Berkshire Hathaway disclosed a stake in the world’s most valuable company.

In Oil – Brent crude , the international benchmark, is trading close to USD50 per barrel while West Texas Intermediate (WTI), the US benchmark, is around USD48. Oil prices have gained more than 80% since hitting a 12-year-low earlier this year.

May 16, 2016

The ASPI gained sharply mainly due to price gains in the stocks such as Nestle Lanka and Ceylon Tobacco Company. The day’s total turnover was recorded sharply below the twelve-month average daily turnover to which Distilleries Company of Sri Lanka contributed the majority (19% of total turnover). A crossing was recorded in Access Engineering. Foreign investors were net sellers during the day. The All Share Price Index gained 28.6 points to close at 6,708.4 (+0.4%).Top contributory counters towards the day’s turnover were Distilleries Company of Sri Lanka LKR 106.6mn (USD 731.5k, -0.2%), LB Finance LKR 55.2mn (USD 378.8k, +2.8%), Access Engineering LKR 43.6mn (USD 299.3k, +0.4%), John Keells Holdings (Voting) LKR 33.5mn (USD 230.1k, 0.0%), Swisstek Ceylon LKR 24.1mn (USD 165.6k, +3.2%). Foreign purchases amounted to LKR 92.8mn (USD 636.8k), whilst foreign sales amounted to LKR 143.1mn (USD 982.4k). This resulted in a net foreign outflow of LKR 50.4mn being recorded at the end of the day’s trading.

ASPI trading at 6,695.94, up 16.10 points or 0.24 percent with gains in Banking and Finance sector stocks like Lanka Orix Leasing and Commercial Bank.

May 13, 2016

ASPI closed at 6,679.84, up 23.72 points or 0.36 percent with gains in some index heavy stocks like John Keells holdings and Nestle Lanka, brokers said. Turnover was 826 million rupees. (May 13, 2016 03.00 p.m) 

Asian stocks dropped as crude oil retreated and technology shares declined, media reports said. The MSCI Asia Pacific Index slipped 0.2 percent to 127.26. The Topix added 0.1 percent. South Korea’s Kospi index climbed 0.1 percent. Australia’s S&P/ASX 200 Index was little changed. New Zealand’s S&P/NZX 50 Index declined 0.1 percent. Markets in China and Hong Kong have yet to start trading. Apple fell to a 22-month low after a report fueled speculation iPhone sales continue to slump.  (May 13, 2016 08.00 a.m) 

In Oil – Brent crude LCOc1 settled up 1 percent at $48.08 per barrel. U.S. crude’s WTI CLc1 settled up 1 percent at $46.70. It hit a six-month high of $47.02 earlier. Oil prices have recovered some ground after touching 12-year lows earlier in 2016.  (May 13, 2016 08.00 a.m) 

May 12, 2016

Asian equities fell toward a one-month low after disappointing company earnings in Japan and the U.S. The MSCI Asia Pacific Index lost 0.5 percent while benchmarks in Shanghai and Hong Kong sank to two-month lows and the Topix dropped 0.5 percent. (May 12, 2016 08.00 a.m) 

In oil –  Benchmark Brent LCOc1 settled up 4.6 percent at USD47.60 a barrel, while U.S. crude CLc1 settled up 3.5 percent at USD46.23 a barrel. Oil prices have recovered some ground after touching 12-year lows earlier in 2016, a foreign media report said. (May 12, 2016 08.00 a.m) 

May 10, 2016

ASPI closed at 6,637.74, up 42.94 points or 0.65 percent with gains in index heavy stocks like John Keells Holding and Hemas Holdings, brokers said. Turnover was 1.0 billion rupees. Top contributory counters towards the day’s turnover were John Keells Holdings (Voting) LKR 619.1mn (USD 4,255.0k, +1.8%), Hayleys Fabric LKR 50.7mn (USD 348.6k, 0.0%), Ceylinco Insurance (Voting) LKR 29.0mn (USD 199.3k, 0.0%) LB Finance LKR 27.9mn (USD 192.1k, +0.4%), Textured Jersey Lanka LKR 19.1mn (USD 131.2k, -0.6%). Foreign purchases amounted to LKR 225.5mn (USD 1,549.6k), whilst foreign sales amounted to LKR 670.7mn (USD 4,609.9k). This resulted in a net foreign outflow of LKR 445.3mn being recorded at the end of the day’s trading. Market capitalization stood at LKR 2,828.3bn. YTD performance of the ASPI is -3.7%

May 09, 2016

Asian stocks open mixed on Monday, as oil prices rallied on supply outages in Canada, media reports said. Australia’s S&P ASX 200 index was 0.14 percent higher while Japan’s Nikkei 225 opened 0.99 percent higher. In Korean, South Korea’s Kospi index was down 0.1 percent on its first day of trade after being shuttered on Thursday and Friday for public holidays. Beijing released trade data on Sunday that showed exports contracted 1.8 percent and imports plunged 10.9 percent. China’s markets are trading almost flat. (May 09, 2016 0700a.m)

In Oli – Oil prices surged more than 2 percent at the start of Asia’s Monday session, as wildfires in Canada shut half of the country’s vast oil sands capacity over the weekend, Reuters news reported. US Crude futures were up 2.75 percent to USD45.88 a barrel, after its open at USD45, while Brent rose 2.23 percent to USD46.38, after opening at USD45.75. (May 09, 2016 0700a.m)

May 06, 2016

The ASPI gained marginally mainly due to the price increases in Sri Lanka Telecom. The day’s total turnover was recorded at moderate levels to which Distilleries Company of Sri Lanka contributed the majority, assisted by two crossings and some block trades on the normal board. The All Share Price Index gained 14.1 points to close at 6,592.5 (+0.2%), while the S&P SL20 Index lost 3.7 points to close at 3,471.4(-0.1 %). Total turnover for the day stood at LKR 701.2mn (USD 4,819.7k) vs. 12-months average daily turnover of LKR 1,067.9mn (USD 7,339.5k), whilst the volume traded for the day was 27,530k against the 12-month average daily volume of 42,014k. Top contributory counters towards the day’s turnover were Distilleries Company of Sri Lanka LKR 215.0mn (USD 1,477.8k, -0.9%), Commercial Bank of Ceylon (Non-voting) LKR 117.2mn (USD 805.7k, 0.0%), Commercial Bank of Ceylon (Voting) LKR 74.9mn (USD 514.8k, -0.3%) Singer Sri Lanka LKR 24.0mn (USD 164.9k, +2.6%), Ceylon Grain Elevators LKR 17.1mn. Foreign purchases amounted to LKR 383.9mn (USD 2,638.4k), whilst foreign sales amounted to LKR 312.2mn (USD 2,145.5k). This resulted in a net foreign inflow of LKR 71.7mn.

Stock losses deepened in Asia, with regional equities headed for the biggest weekly loss since February, media reports said. The MSCI Asia Pacific Index dropped 0.6 percent – set for a weekly decline of 3.4 percent. Japan’s Topix index fell 0.6 percent from Monday’s close. Futures on the S&P 500 were little changed after the U.S. benchmark fell less than 01. percent on Thursday.  (May 05, 2016 08.00 a.m)

ASPI closed at 6,578.34, up 9.49 points or 0.14 percent with gains in Carson and Cumberbatch and Dialog Axaita, brokers said. Turnover was 708 million rupees while 59 stocks made gains and 85 losses. Top contributory counters towards the day’s turnover were John Keells Holdings (Voting) LKR 194.6mn (USD 1,337.5k, -0.8%), Dialog Axiata LKR 121.5mn (USD 835.0k, +1.9%), Distilleries Company of Sri Lanka LKR 115.3mn (USD 792.6k, -0.9%) Anilana Hotels & Properties LKR 43.0mn (USD 295.7k, 0.0%), National Development Bank LKR 27.5mn (USD 189.1k, 0.0%). Foreign purchases amounted to LKR 431.2mn (USD 2,964.6k), whilst foreign sales amounted to LKR 315.2mn (USD 2,167.3k). This resulted in a net foreign inflow of LKR 116.0mn being recorded at the end of the day’s trading. Market capitalization stood at LKR 2,803.0bn. YTD performance of the ASPI is -4.6% (May 05, 2016 03.30 p.m)

Asian shares were down for a seventh straight session on Thursday, their longest losing streak of the year. Crude oil climbed toward USD 45 a barrel. The MSCI Asia Pacific excluding Japan Index fell 0.2 percent while benchmarks declined in Hong Kong, Singapore and Taipei, while Shanghai’s was little changed. West Texas Intermediate crude climbed 2.2 percent to $44.75 a barrel, after a late-in-the-day rebound on Wednesday left it up 0.3 percent. (May 05, 2016 08.00a.m)

May 04, 2016

USD/LKR spot next strengthen to 146.10/25, from 146.00/20 on Tuesday on expectations that inflows from the USD 1.5 billion bond issue could help the rupee to gain, dealers said. On Friday, the IMF said it had reached a staff-level agreement with Sri Lankan authorities for a USD 1.5 billion, three-year loan to help the island nation avert a balance of payments crisis.The Central Bank, which had been trading the spot rupee at 143.90 has barely seen any trading since January 27. (May 04, 2016 10.00 a.m)

May 03, 2016The ASPI gained sharply due to price gains in market heavy weights such as John Keells Holdings, Cargills Ceylon, Ceylon Tobacco Company, Commercial Bank of Sri Lanka and Hatton National Bank. The day’s total turnover was recorded sharply below the twelve month average daily turnover to which Hemas Holdings contributed the majority. Foreign investors were net buyers during the day. The All Share Price Index gained 66.8 points to close at 6,583.1 (+1.0%), while the S&P SL20 Index gained 57.9 points to close at 3,493.5(+1.7%).  Total turnover for the day stood at LKR 621.5mn (USD 4,274.7k) vs. 12-months average daily turnover of LKR 1,073.1mn (USD 7,380.5k), whilst the volume traded for the day was 23,907k against the 12-month average daily volume of 42,147k. Top contributory counters towards the day’s turnover were Hemas Holdings LKR 53.9mn (USD 370.4k, +0.1%), People’s Leasing & Finance LKR 49.3mn (USD 339.4k, 0.0%), Sampath Bank LKR 39.5mn (USD 271.7k, +2.5%) John Keells Holdings (Voting) LKR 32.0mn (USD 220.0k, +1.7%), Access Engineering LKR 29.4mn (USD 202.1k, 0.0%).  Foreign purchases amounted to LKR 132.2mn (USD 909.0k), whilst foreign sales amounted to LKR 102.6mn (USD 705.6k). This resulted in a net foreign inflow of LKR 29.6mn being recorded at the end of the day’s trading.

April 29, 2016

The Colombo Stock Exchange (CSE) ended trading on a positive note today, with the All Share Price Index (ASPI) crossing the 6,500 mark. The ASPI surged 73.73 points to close at 6,516.26. The day’s trading recorded a turnover of 1,530,337,624.80 rupees in 9,427 trades.

The index has been making consistent gains over the month of April. In 2016, the ASPI recorded a dip of 14.97% in comparison to the start of the year, but has since gained 9.48%recording an upward trend. (Apr 29, 2016 4.30 p.m)

ASPI trading at 6,502.97, up 60.44 points or 0.94 percent with gains across the board following statement from IMF that Sri Lanka has reached a technical agreement with the International Monetary Fund for 1.5 billion dollars, brokers said. The loan program will need approval by the IMF’s executive board, which is due to consider it in early June.  (Apr 29, 2016 1.30 p.m)

USD/LKR spot-next quoted at 146.50/60 Friday, up from 146.30/40 on Thursday, dealers said. ” There seems to be interest in  rupee bonds.”  (Apr 29, 2016 10.30 a.m)

Shares in most Asian stock markets edged lower Friday, with gains capped by disappointment over the Bank of Japan holding back on additional stimulus and worries about global economic growth. China’s Shanghai Composite Index was little changed at 0.31 percent while Hong Kong’s Hang Seng Index was down 1.48 percent.. Elsewhere in Asia, Korea’s Kospi was down 0.54 percent and Australia’s S&P/ASX 200 was up 0.29 percent.  Japan’s stock market was closed in observance of a public holiday. (Apr 29, 2016 08.30 a.m)

April 28, 2016

The Bank of Japan’s (BOJ) decision to keep monetary policy steady caused sharp swings in Japanese markets Thursday, with the yen rallying sharply and stock futures pointing to steep losses.Nikkei 225 futures in Chicago fell 4.41 percent to 16,780 after the BOJ decision, while the dollar/yen pair fell 2.06 percent to 109.14. Australia’s ASX 200 was up 0.64 percent in morning trade. In Korean the Kospi wavered between positive and negative territory before trading down 0.3 percent while in Hong Kong, the Hang Seng was up 1.28 percent. Chinese mainland markets were mostly flat, with the Shanghai composite up 0.08 percent, while the Shenzhen composite dropped 0.09 percent.  (Apr 28, 2016 08.30 a.m)

April 27, 2016

Asian stocks showed mixed performances ahead policy decisions from the Federal Reserve and the Bank of Japan. The MSCI Asia Pacific Index dropped 0.5 percent to 131.69 while Japan’s Topix index lost 0.8 percent. Australia’s S&P/ASX 200 Index gained 0.8 percent. South Korea’s Kospi index and New Zealand’s S&P/NZX 50 Index both slid 0.2 percent. Singapore’s Straits Times Index fell 0.5 percent. Hong Kong’s Hang Seng Index lost 0.1 percent, while the Hang Seng China Enterprises Index of mainland stocks traded in the city rose 0.2 percent. The Shanghai Composite Index was little changed.  (Apr 27, 2016 07.30 a.m)

In oil – crude oil prices hovered near 2016 highs with U.S. crude traded at USD44.52 a barrel, not far from USD44.83, the highest since early November scaled on Tuesday.

April 26, 2016

The All Share Price Index gained 25.8 points to close at 6,405.3 (+0.4%), while the S&P SL20 Index gained 28.1 points to close at 3,397.7(+0.8%). The ASPI gained sharply mainly due to price gains in stocks such as John Keells Holdings, Chevron Lubricants Lanka and Asiri Hospital Holdings. Total turnover for the day stood at LKR 540.7mn (USD 3,719.4k) vs. 12-months average daily turnover of LKR 1,077.6mn (USD 7,412.8k), whilst the volume traded for the day was 19,673k against the 12-month average daily volume of 42,532k..7%). Top contributory counters towards the day’s turnover were Asiri Hospital Holdings LKR 115.4mn (USD 793.7k, +5 364.0k, +0.1%),Hatton National Bank (Non-voting) LKR 64.6mn (USD 444.5k, +0.1%), Sampath Bank LKR 52.9mn (USD), Chevron Lubricants Lanka LKR 43.8mn (USD 301.4k, +7.0%), Ceylon Cold Stores LKR 25.4mn (USD 174.6k, +0.4%). Foreign purchases amounted to LKR 204.2mn (USD 1,405.0k), whilst foreign sales amounted to LKR 107.5mn (USD 739.2k). This resulted in a net foreign inflow of LKR 96.8mn being recorded at the end of the day’s trading

Asian stocks fell for a third day ahead of a US Fed rate announcement. The MSCI Asia Pacific Index slipped 0.3 percent to 132.41. Japan’s Topix index lost 0.6 percent as the yen traded at 111.04 per dollar while South Korea’s Kospi index fell less than 0.1 percent. Australia’s S&P/ASX 200 Index was little changed while New Zealand’s S&P/NZX 50 Index slipped 0.2 percent. Both markets resumed trading after Monday’s holiday. Futures on the FTSE China A50 Index and the Hang Seng Index were both up 0.1 percent while the Shanghai Composite Index declined 0.4 percent. (Apr 26, 2016 07.30 a.m)

In Oil – Oil prices lost steam following a rally to five-month highs last week with Brent crude LCOc1 traded at USD44.71 per barrel, down 0.9 percent so far this week, off its five-month high of USD46.18 hit last week but West Texas Intermediate crude climbed 0.8 percent early Tuesday after sliding 2.5 percent on Monday. (Apr 26, 2016 07.30 a.m)

April 25, 2016

ASPI closed at 6,379.53, down 43.12 points or 0.67 percent with losses in index heavy stocks like John Keells Holdings, Bukit Darah and Commercial Bank, brokers said. Total turnover for the day stood at 437.1 million rupees  vs. 12-months average daily turnover of 1,079.1 million rupees, whilst the volume traded for the day was 18,509k against the 12-month average daily volume of 42,597k. Top contributory counters towards the day’s turnover were John Keells Holdings (Voting) 159.2 million rupees, Singer Sri Lanka 18.0 million rupees and Bukit Darah 16.0 million rupees. Foreign purchases amounted to  225.8 million rupees whilst foreign sales amounted to 123.6 million rupees. This resulted in a net foreign inflow of 102.2 million rupees.(Apr 25, 2016 03.30 p.m)

Asia markets traded mixed on Monday waving between positive and negative territory, foreign media reports showed. Japan’s Nikkei was down down 0.19 percent after a brief stint in the positive territory. Last week, the index added 4.3 percent. Korea’s Kospi was down 0.11 percent. Markets in Australia and New Zealand are closed for a public holiday. China’s Shanghai Composite was also down 0.95 percent while in Hong Kong the Hang Seng was also down at 0.45 percent. (Apr 25, 2016 08.00 a.m)

In oil- Oil prices retreated during Asian hours, with U.S crude futures down 1.21 percent at USD 43.20, while global benchmark Brent was also down 0.98 percent at USD 44.67 a barrel.(Apr 25, 2016 08.00 a.m)

April 20, 2016

ASPI closed at 6,423.13, up 35.28 points or 0.55 percent with gains in index heavy stock like John Kells Holdings and Ceylon Tobacco Company, brokers said. The day’s turnover was 577 million rupees with 94 stocks making gains and 49 ending negative. Over 2.1 million shares of Asiri Hospitals was traded during the day with the stock closing at 26.50 rupees, up 0.60 rupees.  Top contributory counters towards the day’s turnover were ACL Cables 81.5million rupees , John Keells Holdings (Voting) 81.3million rupees. Foreign purchases amounted to LKR 173.8mn (USD 1,197.7k), whilst foreign sales amounted to 81.3 million rupees. This resulted in a net foreign inflow of 92.4 million rupees being recorded at the end of the day’s trading.  Apr 20, 2016 04.30 p.m

Asian stocks were trading up on Wednesday at a four-month high boosted U.S. equities. Nine of the 10 industry groups on the MSCI Asia Pacific Index gained, led by raw-materials producers, media reports said.The Japan’s Topix index climbed 0.7 percent while benchmarks in Australia and South Korea advanced 0.3 percent. However, Hong Kong’s Hang Seng Index lost 0.5 percent and the Shanghai Composite Index was little changed. Apr 20, 2016 07.30 a.m

In oil – Oil fell as much as 2.2 percent after Kuwait workers said they would end a strike that disrupted output in OPEC’s fourth-largest producer, a feregin media report said. “Crude oil slipped 1.8 percent to $40.34 a barrel in New York, having gained 3.3 percent on Tuesday amid a three-day labor strike that reduced Kuwait’s output by as much as 1.7 million barrels a day.” Brent crude lost 58 cents to $43.44 a barrel.  Apr 20, 2016 7.30 a.m

April 19, 2016

USD/LKR 5 day forwards were quoted at close at 146.50/60, after closing at 145.85/146.00 on Monday. “The spot has not traded since 27 January and was not actively traded on Tuesday as well,” dealers said.

The All Share Price Index gained 5.5 points to close at 6,387.9 (+0.1%), while the S·&P SL20 Index gained 5.0 points to close at 3,368.8(+0.2%). The ASPI gained mainly due to price gains in stocks such as Bukit Darah, Asiri Hospital Holdings, Commercial Leasing and Finance, Lanka Orix Leasing Company and DFCC Bank. Total turnover for the day stood at 753 million rupees. Top contributory counters towards the day’s turnover were John Keells Holdings (Voting) 291.2mn,Asiri Hospital Holdings 95.3mn), Access Engineering 62.9mn and Hatton National Bank (Voting) 34.1mn. Foreign purchases amounted to 428.3mn whilst foreign sales amounted to 249.5mn. This resulted in aclosevof 178.8mn being recorded at the end of the day’s trading.  Market capitalization stood at 2,721.8bn. YTD performance of the ASPI is -7.3 percent. Apr 19, 2016 4.30 p.m

ASPI trading at 6,391.03, up 8.72 points or 0.14 percent with gains in some Banks and Finance sector stocks, brokers said. Gains were seen on Commercial bank, Seylan bank and Commercial Leasing. Active trading was also seen in Ceylon Tobacco and Dialog Axaita. Turnover is at 150 million rupees.

April 18, 2016

ASPI closed at 6,382.31, down 19.01 points or 0.30 percent with losses in some finance and banking sector stocks like Commercial Leasing Company and Lanka Orix Leasing and DFCC Bank,brokers said. Turnover was 674 million rupees.Top contributory counters towards the day’s turnover were John Keells Holdings (Voting) LKR 153.9mn (USD 1,063.2k, +0.8%), Hatton National Bank (Voting) LKR 105.9mn (USD 731.2k, -0.2%), LB Finance LKR 83.4mn (USD 576.1k, -0.6%) Tess Agro (Voting) LKR 63.2 (USD 436.3k, +6.3%), Namal Acuity Value Fund LKR 60.0mn (USD 414.7k, -3.3%).  Foreign purchases amounted to LKR 48.1mn (USD 332.1k), whilst foreign sales amounted to LKR 269.5mn (USD 1,862.0k). This resulted in a net foreign outflow of LKR 221.5mn being recorded at the end of the day’s trading.  Market capitalization stood at LKR 2,719.5bn. YTD performance of the ASPI is -7.4%. (updated) (Apr 18, 2016 3.30 p.m)

Asian stocks kicked-off the week on a bearish note, as failed Doha meeting to reach an oil output freeze deal combined weighed heavily on the market’s. Negotiations in Doha over the first global oil deal failed to reach an agreement on Sunday. The Japanese benchmark Nikkei dropped 3.03 percent  to 16,342 points, while USD/JPY sinks -0.78 percent  to 107.90. The Australian markets – The benchmark S&P/ASX 200 index drops -0.25% to 5,144. The Chinese equities also followed suit and kept losses, with the benchmark Shanghai Composite index dropping 1.39 percent, the CSI300 index slides -1.15 percent, while Hong Kong’s Hang Seng lost 0.92 percemt to trade around 21,140 levels. (Apr 18, 2016 08.30 a.m)

Brent crude futures tumbled about 4.6 percent to 41.10 US dollars while U.S. crude slid about 5.2 percent to 38.26 US dollars. (Apr 18, 2016 08.30 a.m)

April 12, 2016

ASPI closed at 6,353.20, up 77.58 points 1.24 percent with gains in John Keels Holdings and Hemas Holdings, brikers said. S&P SL20 index moved up 35.84 points for the day. Interest was evident on banks during the day, with Seylan Bank securing the top slot turnover wise with a contribution of 26 percent. The transaction was aided by a single negotiated deal on the stock at LKR 93. Price gainers outnumbered price losers 174 to 14. Foreigners were net sellers for the day posting a net foreign outflow of LKR 31mn.

ASPI trading at 6,292.49, up16.87 points or 0.27 percent.08

April 11, 2016

ASPI closed flat at 6,275.62 with a turnover of 815 million rupees. JKH, aided by two block deals, recorded the highest turnover for the day, contributing 43percemt to the total market turnover. Foreign investors aligned to the buying side following seven sessions of net foreign sales, recording a net foreign inflow of LKR 76mn. Negative contributors outnumbered the positive contributors by 70 to 62.

Apr 11, 2016 4.30 p.m

ASPI trading down at 6,266.17, down 9.45 points or 0.16 percent with losses in John Keells Holdings and Richard Peiris , brokers said.  Apr 11, 2016 10.30 a.m

Asian stocks fell, ahead of Chinese data while Japanese shares also retreated. The MSCI Asia Pacific Index dropped 0.4 percent while global stocks fell last week amid concern over the potency of central bank stimulus efforts and a selloff in Japanese equities.Japan’s Topix index declined 1 percent after a report showed machine orders dropped in February. South Korea’s Kospi index slipped 0.1 percent. Australia’s S&P/ASX 200 Index was little changed and New Zealand’s S&P/NZX 50 Index added less than 0.1 per cent. Hong Kong’s Hang Seng Index were down 0.2 per cent.  Apr 11, 2016 08.30 a.m

April 08, 2016

ASPI close up 6,275.62, up 45.43 points or 0.73 percent with gains seen in Commercial Bank, Carson and Cumberbatch and Distileries Company, brokers said. Turnover was recorded at 764 million rupees, with 111 stocks ending positive and 53 negative. Apr 08, 2016 03.30 p.m

Asian stocks were down on Friday following a dip in the US markets. The MSCI Asia Pacific Index was down 0.8 percent while Japan’s  Topix lost as much as 1.7 percent . Hong Kong’s Hang Seng Index retreated 0.8 percent. Australia’s S&P/ASX 200 Index down 0.4 percent. The Kospi index in Seoul dropped 0.7 percent, while New Zealand’s S&P/NZX 50 Index was down 0.5 percent. Apr 08 09.00 a.m

April 07, 2016

ASPI close at 6,230.19, up 65.08 points or 1.06 percent with gains in John Keells Holdings and Commercial Bank, brokers said.Total turnover for the day stood at 804 million rupees. Top contributory counters towards the day’s turnover were People’s Leasing & Finance 162.2 million rupees, DFCC Bank 127.8 million rupees, AEL Engineering 81.4 million rupees and Hatton National Bank (Voting) 52.6 million rupees. Foreign purchases amounted to 71.7 million rupees whilst foreign saless amounted to 269.2 million rupees and this resulted in a net foreign outflow of 197.4 million rupees being recorded at the end of the day’s trading.  Apr 07, 2016 3.30 p.m

ASPI trading at 6,182.05, up 16.94 points or 0.27 percent with gains in Telcos, brokers said. Apr 07, 2016 10.15 a.m

Asia stocks were up on Thursday, after U.S. markets showed gains after a positive Fed meeting. Australia’s ASX 200 was up 0.48 percent, while in South Korea Kospi was also trading up 0.26 percent. Japan’s benchmark Nikkei 225 however wavered in early trade before trading up 0.72 percent. China’s Shanghai was don at 0.68 percent and Hong Kong’s Hang Seng Index was marginally higher at 0.03 percent. Apr 07, 2016 08.15 a.m

In Oil – U.S Crude futures was up 5.2 percent at $37.75 a barrel, while global benchmark Brent added $1.97 to $39.84. Apr 07, 2016 08.15 a.m

April 06, 2016

All Share Price Index gained 6.1 points to close at 6,165.1 while the S&P SL20 Index gained 1.3 points to close at 3,254.7 (+0.0%). Total turnover for the day stood at  616.4 million rupees and the volume traded for the day was 18,179 against the 12-month average daily volume of 43,085. ASPI gained marginally due to price increases in stocks such as Commercial Bank, Cargills Ceylon,Trans Asia Hotels, Commercial Credit and Finance and Commercial Leasing & Finance. Foreign purchases amounted to 188.3 million whilst foreign sales amounted to 379.2 million rupees.This resulted in a net foreign outflow of 191.0 million rupees being recorded at the end of the day’s trading.

ASPI trading at 6,156.86, lower 2.16 points or 0.04 percent, with some loses in Hemas Holdings and John Keells Holdings.

Asian stocks were trading mixed on Wednesday. The MSCI Asia Pacific Index fell less than 0.1 percent to 124.34 in early morning trade while Japan’s Topix index fluctuated as the yen traded near a 1 1/2-year high. South Korea’s Kospi index added 0.4 percent, while Australia’s S&P/ASX 200 Index rose 0.2 percent.  Markets in China and Hong Kong have yet to start trading. Apr 06, 2016 07.15 a.m

In Oil – U.S. crude rebounded with contracts for May delivery up 2.5 percent on Wednesday trading at $36.74 per barrel. International Brent futures were up 1.7 percent at $38.50 a barrel. Apr 06, 2016 07.15 a.m

April 05, 2016

ASPI closed at 6,159.02, up 79.87 points or 1.31 percent with gains in John Keells Holdings, Commercial Bank and Dialog Axaita amid heavy retail investor activity, brokers said. Foreign investors were net sellers of 226.2 million rupees for a fourth straight session. Turnover was 907 million rupees. Commercial Bank of Ceylon closed up  2.88 percent while Lanka ORIX Leasing Company rose 5.46 percent.

ASPI trading at 6,111.30, up 32.15 points or 0.53 percent with gains in John Keells Holdings and Commercial Bank, brokers said. Turnover is 361 million rupees. Apr 05, 2016 10.15 a.m

Asian stocks were down as investors kept away from risky assets as currencies also weakened. The MSCI Asia Pacific gauge lost 1.3 percent, led by losses in Energy stocks. Japan’s Topix slumped 2 percent, while Australia’s S&P/ASX 200 Index dropped 0.7 percent and Hong Kong’s Hang Seng Index slipped 1.3 percent. Chinese equities slipped after a local holiday on Monday with the Shanghai Composite Index retreating 0.3 percent. Apr 05, 2016 08.15 a.m

U.S. crude dropped for a third day before U.S. government data forecast to show increasing stockpiles. US crude lost nearly 3 percent overnight, and on Tuesday was down about 0.7 per cent at $35.45. Brent was down 0.5 per cent to $37.51 a barrel after losing 2.5 per cent on Monday. Apr 05, 2016 08.15 a.m

April 04, 2016

ASPI close at 6,079.15, lower 3.86 points or 0.06 percent with losses in some index heavy stocks like John Keells Holdings and Carson and Cumberbatch. 

USD/LKR spot next at 145.20/40, dealers said. The spot rate is still holding at 143.90.

Asian markets were mostly up Monday, following a good run on Wall street and expectation pf positive US data. Japan’s Nikkei 225 was up 0.21 percent and the Kospi in South Korea was near flat. Australia’s ASX 200 was up 0.72 percent. Chinese markets are closed today. Apr 04, 2016 09.15 a.m

US crude futures were down 1.2 percent at $36.35 a barrel after finishing down 4 percent on Friday while Brent dipped 0.88 percent to $38.33 a barrel, after finishing down 2.34 percent on Friday.  Apr 04, 2016 09.15 a.m

April 01, 2016

ASPI close at 6,083.01, up 11.13 points or 0.18 percent with continued gains in some index heavy stocks, brokers said. Turnover was 2 billion rupees with 152 counters making gains and 42 counters recording losses. Top contributory counters towards the day’s turnover were Asiri Hospital Holdings LKR 1,166.6mn (USD 8,030.4k, +1.3%), Hatton National Bank (Voting) LKR 247.7mn (USD 1,704.9k, +0.4%), John Keells Holdings (Voting) LKR 152.4mn (USD 1,049.2k, +0.7%) Aitken Spense LKR 72.5 (USD 499.1k, -1.4%), Sampath Bank LKR 52.0mn (USD 357.9k, +0.0%). Foreign purchases amounted to LKR 341.9mn (USD 2,353.6k), whilst foreign sales amounted to LKR 577.4mn (USD 3,974.3k). This resulted in a net foreign outflow of LKR 235.4mn being recorded at the end of the day’s trading. Market capitalization stood at LKR 2,590.9bn. 

USD/LKR spot next 146.30/70 and One week forwards are quoted at 146.50/90, dealers said. Apr 01, 2016 2.15 p.m

Asian were down shares after a negative day in the US, Thursday. MSCI’s broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS slipped 0.5 percent, while the Nikkei lost 1.2 percent. The Australian market lost 1 percent as concerns about bad debts in its banking sector. Apr 01, 2016 8.15 a.m

In oil – Worries about oversupply still remain.  U.S. crude CLc1 was down 26 cents at $38.08 a barrel on Friday. Brent LCOc1 dropped 28 cents to $40.05. Apr 01, 2016 8.15 a.m

March 31, 2016

The ASPI gained sharply due to price gains in index heavy stocks like Carson Cumberbatch, Commercial Bank, Ceylon Tobacco Company, Aitken Spense and Ceylinco Insurance. Crossings were recorded in Aitken Spence, Renuka Foods (Voting) and Sunshine Holdings. Foreign investors were net sellers during the day. The All Share Price Index gained 30.9 points to close at 6,071.9(+0.5%), while the S&P SL20 Index gained 16.2 points to close at 3,204.4 (+0.5%). Total turnover for the day stood at 690.9 million rupees. Foreign purchases amounted to LKR 216.1mn (USD 1,493.6k), whilst foreign sales amounted to LKR 255.1mn (USD 1,763.1k). This resulted in a net foreign outflow of LKR 39.0mn being recorded at the end of the day’s trading.  (March 31, 2016 4.15 p.m)

USD/LKR in the spot next market strengthened to 147.70/148.00, dealers said after hitting a high of  149.10/20 Thursday.

In Oil – Brent crude prices were down 0.53 percent to USD 39.05 per barrel. (March 31, 2016 08.15 a.m)

Asian shares were up on Thursday followed by gains in the US markets. MSCI’s broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS rose 0.4 percent. Australian stocks added 1.3 percent. Japan’s Nikkei was up 0.7 percent. New Zealand’s S&P/NZX 50 Index rose 0.4 percent. The Kospi index in Seoul swung between gains and losses. (March 31, 2016 7.40 a.m)

March 30,2016

Treasuries – 12-month yield rose 74 basis points to 10.64 percent at Wednesday’s auction while the 3-month yield rose 60 basis points to 8.90 percent and the 6-month yield rose 47 basis points to 9.76 percent. The Central Bank sold a total of 7.0 billion rupees of bonds with 1.75 billion rupees in 3-month bills, 978 million rupees in 6-month bills and 4.35 billion rupees in 12-month bills . . (March 30, 2016 5.40 p.m)

ASPI closed at 6,040.99, down 9.14 points or 0.15 percent with gains in some banking stocks, brokers said. Turnover was 769 million rupees with 97 stocks closing positive and 52 negative. (March 30, 2016 3.40 p.m)

USD/LKR spot next 149.10/20, dealers said. One week forwards were quoted at 149.25/50.

March 29, 2016

ASPI closed 6,031.85, down 30.20 points or 0.5 percent, with losses in index heavy stocks ahead of a Central Bank rate review, brokers said. “This was lowest close since March 16.”

USD/LKR one week forward quoted at 148.90/149.00, after closing at 148.20/30 Monday, dealers said. The spot is still holding at 143.90  (March 29, 2016 12.40 p.m)

ASPI trading at 6,026.21, down 35.84 points or 0.59 percent with losses in index heavy stocks like John Keells Holdings and Hemas Holdings. (March 29, 2016 11.30 a.m)

Asian shares were down on Tuesday followed by losses on Wall Street and pressure on the US dollar. Australian shares slumped 0.3 percent after a long week-end Easter holiday. Japan’s Nikkei was also down 0.8 percent following the release of mixed economic data before the market opened. MSCI’s broadest index of Asia-Pacific shares outside Japan edged up 0.05% after wavering for most of the early session. (March 29, 2016 08.30 a.m)

Crude oil extended overnight losses with Brent LCOc1 down 0.2 percent at $40.19 a barrel, while U.S. crude CLc1 fell 0.2 percent to $39.33. (March 29, 2016 08.30 a.m)

March 28, 2016

USD/LKR one week forward quoted at 147.55/75, dealers said. (March 28, 2016 12.10 p.m)

“There are no quotes for bonds,” dealers said. Last week bids for bonds of 2020, 2021, 2022 and 2015 were rejected. (March 28, 2016 11.30 a.m)

Asian stock markets were higher on Monday with signs of a steady recovery in the US economy. Japan’s Nikke was up 0.77 percent. The Chinese indices also followed suit and edged higher this Monday, with benchmark Shanghai Composite index up 0.64 percent and Shenzhen’s CSI300 also gaining 0.63 percent while China A50 shares advance 0.37 percent. Markets in Hong Kong and Australia are closed for the Easter holiday.  Meanwhile, stocks in Taiwan were 0.2 percent lower. On Friday, data showed that the U.S. economy grew at a 1.4 percent in the fourth quarter, compared with a previous estimate for 1 percent. (March 28, 2016 09.00 a.m)

March 25, 2016

ASPI closed at 6,092.45, down 18.95 points or 0.31 percent with gains in some index heavy stocks. The main index saw gains in Carson and Cumberbatch and John Keela Holdings. Turnover was 488 million rupees with 71 counters closing positive and 51 negative.  (Mar 24, 2016 3.00 p.m)

Asian stocks markets were down for a second day as oil prices dropped below the 40 US dollars a barrel, foreign media reports said. The MSCI Asia Pacific Index fell 0.5 percent to 128.10 Thursday morning while Japan’s Topix index slipped 0.6 percent.. South Korea’s Kospi index dropped 0.3 percent and Australia’s S&P/ASX 200 Index lost 1.1 percent.. Markets in China and Hong Kong have yet to start trading. (Mar 24, 2016 7.30 a.m)

March 23, 2016

ASPI closed at 6,073.50, down 15.07 points or 0.25 percent ith losses in some index heavy stocks. The main index was dragged down by losses in Carson and Cumberbatch with the stock closing at 260.00 rupees, down 31.70 rupees and Distilleries Company closing at 230.00 rupees, down 3.40 rupees. Turnover was 1.2 billion rupees with 72 counters closing positive and 62 negative. Foreign purchases amounted to 822.8 million rupees whilst foreign sales were 1,128.3 million rupees. This resulted in a net foreign outflow of 305.5 million rupees. Market capitalization stood at 2,595.9 billion rupees with YTD performance of the ASPI is -11.9 percent. (Mar 23, 2016 3.30 p.m)

Over 6 million shares of Singer Sri Lanka was traded in three separate tranches were sold at Rs. 114.30 rupees per share in a 690 million deal, Colombo Stock Exchange showed. (Mar 23, 2016 10.40 a.m)

ASPI trading at 6,101.94, up 13.37 points or 0.22 percent with gains in Sri Lanka Telecom and Dialog Axaita, brokers said. Turnover is at 743 million rupees.  Dialog is trading at 10.30 ruppes, up 0.20 rupees and Sri Lanka Telecom at 39.90 rupees, up 0.90 rupees. (Mar 23, 2016 10.00 a.m)

March 21, 2016

ASPI trading at 6,058.96, down 1.17 points or 0.02 percent with gains seen in some finance and banking sector stocks, brokers said. (Mar 21, 2016 10.00 a.m)

Asian stocks were down on Monday morning with the drop in  global crude oil prices. The MSCI Asia Pacific declined 0.4 percent to 412.76 in Hong Kong.  The Shanghai Composite Index rose 0.8 percent with Chinese policy makers loosening controls in the stock market. In Hong Kong’s the Hang Seng Index of mainland stocks traded almost flat while Japanese markets are closed for a holiday. (Mar 21, 2016 08.00 a.m)

March 18, 2016

ASPI was down after two straight sessions of gains mainly due to price declines in stocks such as Sri Lanka Telecom, Lanka Orix Leasing Company, John Keells Holdings, brokers said. The ASPI lost 10.4 points to close at 6,057.8 while the S&P SL20 Index lost 6.63 points to close at 3,167.5. Total turnover was 919.5 million rupees. Foreign purchases amounted to 169.6 million rupees whilst foreign sales amounted to 546.2 million rupees resulting in a net foreign outflow of 376.5 million rupees. (Mar 18, 2016 5.00 p.m)

ASPI trading at 6,055.82, down 12.35 points or 0.20 percent  with losses in Sri Lanka Telecom, brokers said.  (Mar 18, 2016 1.30 p.m)

March 17, 2016

ASPI close up at 6,068.17, up 46.80 points or 0.78 percent with gains in telecom and some index heavy stocks, brokers said. Turnover was 1.5 billion rupees. Dialog Axiata closed at 10.20 rupees, up 0.20 rupees and Sri Lanka Telecom closed at 40.90 rupees, up 1.40 rupees. John Keells Holding closed at 151.20 rupees, up 1.00 rupees with over 2.1 million shares traded.  (Mar 17, 2016 3.40 p.m)

USD/LKR one week forward at 145.45/55, dealers said. The spot did not trade below 143.90, seen as the Central Bank’s desired level.  (Mar 17, 2016 11.00 a.m)

ASPI trading at 6,035.99, up 14.62 points or 0.24 percent with gains in Dialog Axaita, brokers said.  (Mar 17, 2016 10.00 a.m)

Asian shares showed gains early on Thursday followed by Wall Street gains with S&P 500 closing at its highest level this year, media reports said. MSCI’s broadest index of Asia-Pacific shares outside Japan rose  2.1 percent while Japan’s Nikkei advanced 1.4 percent. China’s Shanghai was up 0.6 percent and South Korea’s Kospi rose 1.2 percent. Australian stocks added 0.8 percent on Thursday morning.  (Mar 17, 2016 0830 a.m)

March 16, 2016

ASPI closed at 6,021.37, up 50.97 points or 0.85 percent with gains in banking and finance companies, brokers said. JKH was the top contributor of 25 percent to turnover, aided by three crossings on the stock at a price range of 150-151 rupees with a total of 1.56mn shares changing hands during the day. Active trading was seen in banking stocks with Commercial Bank closing 0.20 lower at 120. 00 ruees and Sampath Bank closing 4.90 lower at 224.90 rupees. Foreigners were on the selling side today posting a net foreign outflow of 221 million rupees. Price gainers outnumbered price losers 115 to 37. (Mar 16, 2016 5.00 p.m)

Trading at Colombo Stock Exchange was halted for  a few minutes this morning due to sudden power outage, brokers said.  “However power was later restored.” ASPI is now trading at 5,972.79,  higher 2.39 points or 0.04 percent. (Mar 16, 2016 10.20 a.m)

March 15, 2016

ASPI closed 5,970.40, down 9.03 points or 0.15 percent with losses recorded in some banking and finance sector stocks like Commercial leasing Company, Lanka Orix Leasing and Commercial Bank, brokers said. Turnover was 731 million rupees. Foreign investors aligned on to the selling side recording a net foreign out-
flow of 16.6 million rupees. Price losers outnumbered gainers by 68 to 49 counters. (Mar 15, 2016 4.20 p.m)

ASPI trading at 5,968.78, down 10.65 points or 0.18 percent with losses in Commercial bank and Hemas Holdings, brokers said.(Mar 15, 2016 12.20 p.m)

Asian stock markets opened negative on Tuesday ahead of a Bank of Japan meeting later today. MSCI’s broadest index of Asia-Pacific shares outside Japan dipped 0.7 percent, backing off a 2-1/2-month high on Monday. Japan’s Nikkei was down 21 points while China’s Shanghai was down 19.00  points and Hong Kong’s Hang Seng was also down 120 points. The Bank of Japan is expected to announce its policy decision between 0230-0430 GMT on Tuesday, followed by the U.S. Federal Reserve on Wednesday and the Bank of England and the Swiss National Bank on Thursday.(Mar 15, 2016 08.30 a.m)

March 14, 2016

Rupee forwards ended steady on Monday amid expectation of announcement of new tax hike weighing on the currency, dealers said. One-week rupee forwards, which act as a proxy for the spot currency, ended steady at 145.20/25 per dollar.  (Mar 14, 2016 5.00 p.m)

ASPI closed at 5,979.43, down 40.52 points or 0.67 percent with losses in index heavy stocks like John Keells Holdings, Hatton National Bnak and Dialog Axaita.    (Mar 14, 2016 4.00 p.m)

ASPI trading at 5,990.27, down 29.68 points or 0.49 percent with losses in John Keells Holdings and Dialog Axaita.    (Mar 14, 2016 11.30 a.m)

Asian shares were up Monday backed by gains on Wall Street and firmer crude oil prices and strong data from China, foreign media said. Asia-Pacific broadest index outside Japan, MSCI was up 0.4 percent, while Japan’s Nikkei was up 1.5 percent. China’s Shanghai was up 40.87 points and Hong Kong’s Hang Seng was up 165.69 points. The Bank of Japan’s two-day policy meeting begins on Monday with policymakers were set to discuss this week whether to exempt 90 billion US dollar in short-term funds from the BOJ’s newly imposed negative interest rate. The U.S. Federal Reserve and the Bank of England are also seen standing pat at their respective meetings later this week. Meanwhile, Chinese data released on Saturday showed few bright signs in key parts of the economy. (Mar 14, 2016 08.30 a.m)

March 11, 2016

ASPI closed at 6,019.95, up 71.72 points or 1.21 percent with gains in Sri Lanka Telecom and Commercial Bank, brokers said.  (Mar 11, 2016 3.30 p.m)

ASPI now trading at 6,001.07, up 52.84 points 0.89 percent with continued gains in index heavy and banking stocks, brokers said.  (Mar 11, 2016 12.30 p.m)

ASPI trading at 5,993.10, up 44.87 points or 0.75 percent with gains in index heavy stocks like John Keells Holdings and Carsons, brokers said. (Mar 11, 2016 11.30 a.m)

USD/LKR one week quoted at 145.20/25, dealers said.  (Mar 11, 2016 11.13 a.m)

March 10, 2016

ASPI trading at 5,921.25, up 58.90 points or 1.00 percent with gains in index heavy stocks like JKH and Hemas Holdings, brokers said. Turnover is 2 billion rupees. (Mar 10, 2016 1.00 p.m) 

March 08, 2016

ASPI trading at 5,992.65, down 64.57 or 1.07 percent with losses in index heavy stocks like John Keells Holdings and Hemas Holdings, brokers said.  (Mar 08, 2016 10.35 a.m) 

Vallibel Power Erathna – Dividend payment date (LKR 0.50 per share), Odel – Dividend payment date (LKR 0.30 per share), Senkadagala Finance – XD date (LKR 0.65 per share), United Motors Lanka – XD date (LKR 4.00 per share), Aitken Spence Plantation Management – XD date (LKR 2.00 per share) and Nuwara Eliya Hotels Company – XD date (LKR 30.00 per share). (Mar 08, 2016 09.05 a.m)

March 07, 2016

Asian stocks were mixed Monday after Beijing cut its growth target with markets in China up while in Hong Kong they were down. Shanghai Composite Index was up 0.3 percent to 2,884.29 and Hong Kong’s Hang Seng was down 0.2 percent to 20,148.59 while Tokyo’s Nikkei 225 lost 0.4 percent to 16,939.76. Seoul’s Kospi added 0.3 percent to 1,961.16. Chinese Premier Li Keqiang lowered Beijing’s official growth target this year to 6.5 to 7 percent from last year’s “about 7 percent” and promised more market-opening reforms with the ruling Communist Party trying to promote more self-sustaining growth based on domestic consumption, reducing reliance on trade and investment. Li promised to open oil, power, telecoms and other state-dominated industries to private competitors.

In oil, the benchmark U.S. crude gained 60 cents to 36.52 US dollars per barrel in electronic trading on the New York Mercantile Exchange. The contract jumped 35 US dollars on Friday to close at 35.92 Us dollars. Brent crude, used to price international oils, added 69 cents to 39.41 US dollars.   (Mar 07, 2016 09.10 a.m)

March 04, 2016

ASPI trading at 6,056.68, down 4.23 points or 0.07 percent with losses in Commercial Leasing and Bukit Darah, brokers said. (Mar 05, 2016 12.15 p.m) 

USD/LKR one week quoted at 144.70/85, dealers said.  (Mar 05, 2016 12.15 p.m)

February 29, 2016

Entrust Securities has been transferred to the Default Board with effect from today due to Non-Submission of Interim Financial Statements for the period ended 31st December 2015, the CSE said. (Feb 29, 2016 10.40 a.m)ASPI trading at 6,205.50, down 1.52 points 0.02 percent with gains in John Keells Holdings and Panasia Bank , brokers said. (Feb 29, 2016 10.30 a.m)

USD/LKR one week quoted at 144.70/85, dealers said.  (Feb 29, 2016 10.30 a.m)

February 25, 2016

ASPI trading at 6,205.50,down 12.14 points or 0.20 percent with losses in telecom stocks Sri Lanka Telecom and and Dialog Axaita, brokers said. (Feb 25, 2016 2.05 p.m)

USD/LKR one week quoted at 144.80/90, dealers said.  (Feb 25, 2016 11.50 a.m)

ASPI trading at 6,222.30, higher 4.66 points or 0.07 percent with gains in some finance sector stocks like Commercial Leasing and Peoples Leasing Company, brokers said. (Feb 25, 2016 12.05 p.m)

February 24, 2016

USD/LKR one week quoted at 144.65/70, dealers said.  (Feb 24, 2016 12.05 p.m)

ASPI trading at 6,213.80, down 15.19 points or 0.30 percent with losses in some banking and finance sector stocks like Seylan Bank and Commercial Leasing and Lanka Orix Leasing, brokers said. (Feb 24, 2016 12.05 p.m)

February 23, 2016

USD/LKR one week closing 144.65/70, dealers said.  (Feb 23, 2016 16.50 p.m)

6,213.80-15.19-0.24%

ASPI closed at 6,228.99, down 21.79 points or 0.35 percent with losses in Ceylon Tobacco Company and Lanka Orix Leasing Company, brokers said. Turnover was 605 million rupees. (Feb 23, 2016 15.50 p.m)

Sri Lanka bond yield curve picks up around 30 basis points on low volumes after Friday’s monetary policy decision to hike rates by 50 basis points. USD/LKR flat at 144, one week forward ticks lower to 144.55/65.
Lower liquidity in system attributed to bond sales, says dealer. (Feb 23, 2016 15.10 p.m)

February 19, 2016

ASPI trading at 6,230.79, up 21.90 points or 0.35 percent with gains in Dialog Axaita and Commercial Bank. Over 1.3 million shares of Peoples Leasing and Finance was traded with the stock now trading at 18.50 rupees, up 0.40 rupees. (Feb 19, 2016 12.30 p.m)

Asian stock markets were down on Friday from a near three-week high as investors remained cautious about the outlook of the global economy, foreign media reports said. Asia Pacific’s MSCI’s outside Japan fell 0.2 percent while Japan’s Nikkei dropped 1.5 percent. In China the Shanghai Composite drops -0.14 percent,  Shenzhen’s CSI300 also trades 0.22 lower while Hong Kong’s Hang Seng dipped 0.50 percent.  (Feb 19, 2016 09.00 a.m)

February 18, 2016

USD/LKR one week forward 144.42/45, dealers said. (Feb 18, 2016 12.26 p.m)ASPI trading at 6,212.82, down 8.00 or 0.13 percent with losses in Sri Lanka Telecom and some high cap stocks,  brokers said.   (Feb 18, 2016 12.26 p.m)

Asian shares continued their longest winning streak this year, Thursday following Iran’s statement to support other countries’ plans to boost oil prices. Japan’s Nikkei 225 rose 2.8 percent while South Korea’s KOSPI 200 was up 1.3 percent. Australia’s ASX 200 rose 1.5 percent but Singapore’s STI fell 1.2 percent. U.S. stocks also rose for a third straight day. The Dow Jones rose 1.6 percent while the Standard & Poor’s 500 rose 1.7 percent with the Nasdaq composite climbing 2.2 percent. (Feb 18, 2016 08.20 a.m)

Iran oil minister Bijan Zanganeh met in Teheran with his counterparts from Saudi Arabia, Russia, Qatar and Venezuela and said a celling on oil production would be a first step toward stabilizing prices. Oil’s 70 percent fall from over USD100 in mid-2014 has hurt oil producing companies and countries and their many suppliers around the world, helping fuel recent global market turmoil and economic uncertainty, a foreign media report said. “The Iranian minister didn’t say his country would join in cuts.”

February 17, 2016

USD/LKR one week forward 144.52/60, dealers said. (Feb 17, 2016 1.15 p.m)ASPI trading at 6,246.28, down 7.88 points or 0.13 percent with losses in John Keells Holdings and some banking and finance stocks, brokers said.  (Feb 17, 2016 10.30 a.m)

Asian stocks were up on Wednesday following gains in the U.S. financial markets. Japan shares rose a third day with Nikkei 225 up 0.6 percent while South Korea’s KOSPI was also up 0.3 percent. Singapore’s STI as up 1.4 percent but Australia’s ASX 200 slipped 0.1 percent(Feb 17, 2016 09.00 a.m)

February 16, 2016 

ASPI trading up at 0.23 percent with gains seen in high cap stocks like John Keells Holdings and Ceylon Tobacco Company, brokers said.   (Feb 16, 2016 11.30 a.m)

USD/LKR one week forward 144.50/65, dealers said. (Feb 16, 2016 11.20 a.m)

ASPI opens at 6,272.61, up 6.44 points or 0.10 percent with gains in Lanka Orix Leasing and Lanka IOC following positive earnings reported in the December, brokers said.  (Feb 16, 2016 09.30 a.m)

USD/LKR one week closed at 144.00/20 on Monday while the 1 week forward closed at 144.48/55, dealers said. (Feb 16, 2016 08.30 a.m)

February 15, 2016 

ASPI down 6,269.38, down 13.62 points or 0.22 percent with losses in Asiri Hospitals and Lanka Orix Leasing Company, brokers said.  (Feb 15, 2016 13.00 p.m)

USD/LKR one week forward quoted at 144.45/50, dealers said. (Feb 15, 2016 12.40 p.m)

ASPI trading at 6,299.13, up 16.13 points or 0.26 percent, brokers said. (Feb 15, 2016 09.10 a.m)

USD/LKR opens at 144.00/20, with thin voloumes, dealers said after closing at the same on Friday, 12th. (Feb 15, 2016 09.10 a.m)

Japan’s economy contracted 0.4-pct in final three months of 2015 compared with the previous quarter, official data shows. Expectations for the numbers were for a quarterly contraction of 0.3 -pct. Weaker domestic demand, together with slower investment in housing, contributed to the disappointing numbers, a foreign media report said. On an annualised basis, the economy contracted 1.4 percent during the period, compared with expectations for an annualised contraction of 1.2 percent.  (Feb 15, 2016 09.00 a.m)

February 12, 2016

USD/LKR 1 week forwards are quoted at 144.36/40, dealers said. “Forwards edged down on importer dollar demand”  (Feb 12, 2016 3.40 p.m)

ASPI closed at 6,283.00, down 31.82 points or 0.50 percent following regional markets also dropping with losses  in John Keells Holdings and some banking sector stocks, brokers said.  Turnover was 520 million rupees.   (Feb 12, 2016 3.20 p.m)

Japan’s Nikkei was down 4.85 percent to 14,952 points, following global markets dropping and as a stronger yen against the dollar hurt the country’s big exporters, Friday. In early trade, the benchmark Nikkei 225 fell as much as 5.4 percent . The index has shed more than 11 percent over the trading week, which was short because of a public holiday on Thursday.

ASPI trading at 6,299.20, down 15.62 points or 0.25 percent with continued losses in John Keells Holdings and some banking and finance sector stocks, brokers said. (Feb 12, 2016 12.00 noon )

USD/LKR quoted at 144.00/20 with thin volumes after holding steady at 143.95/15 for the last few days, dealers said. “Only forward out rights were moving in the last few days.”  (Feb 12, 2016 11.40 a.m)

February 11, 2016

ASPI closed down at 6,314.82, down 49.58 points or 0.78 percent with low investor activity and losses in large caps like John Keells Holdings and Hemas Holdings, brokers said.  A low turnover of 207 million rupees was recorded with 24 stocks closing positive against 119 closing negative. (Feb 11, 2016 3.30 p.m)

USD/LKR holding steady at 143.95/15, dealers said. “Only forward out rights are moving.” 1 week forward quoted at 144.32/37. (Feb 11, 2016 11.40 a.m)

ASPI trading at 6,330.56, down 33.84 or 0.53 percent with losses in large caps like John Keells Holdings and Hemas Holdings, brokers said.  (Feb 11, 2016 11.40 a.m)

February 10, 2016

ASPI closed at 6,364.40, down 8.31 points or 0.13 percent with low investor turnout and losses in Sri Lanka Telecom and Ceylon Tobacco Company, brokers said.  Turnover 23 month low. USD/LKR holding at 143.95/144.15, dealers said.  (Feb 10, 2016 12.40 p.m)

ASPI trading at 6,375.28, higher 2.57 or 0.04 percent low investor activity and gains seen in Aitken Spence Ceylon Cold Stores, brokers said.  (Feb 10, 2016 12.40 p.m)

February 09, 2016

ASPI closed at 6,372.71, down 28.95 points or 0.45 percent with losses in Ceylon Tobacco Company, John Keells Holdings and Distilleries Company, brokers said. 

ASPI trading at 6,382.23, down 19.43 points or 0.30 percent with low investor activity and losses in Ceylon Tobacco Company and John Keells Holdings, brokers said.  (Feb 09, 2016 10.50 a.m)

USD/LKR 143.95/144.15 with the spot not trading outright these days, dealers said. The one week forwards were quoted around 14.28/32 to the US dollar Tuesday. (Feb 09, 2016 10.50 a.m)

February 08, 2016

ASPI trading at 6,394.07, down 10.57 points or 0.17 percent with losses in Hemas Holding, Carson’s and Sampath Bank. (Feb 08, 2016 13.20 p.m)

USD/LKR 143.95/144.15 with thin volumes, dealers said. (Feb 08, 2016 13.15 p.m)

February 03, 2016

USD/LKR 143.95/144.15 with thin volumes, dealers said. (Feb 03, 2016 13.15 p.m)

ASPI trading at 6,409.00, down 16.96 points or 0.26 percent with losses in John Keells Holdings, Lanka Orix Leasing and Commercial Bank, brokers said. Low investor interest so far, they said. Turnover is at 198 million rupees.   (Feb 03, 2016 13.10 p.m)

February 02, 2016

ASPI closed at 6,425.96, up  62.78 points or 0.99 percent.  2.3 million shares of Central Finance Company crossed at 225.50 rupees at 13:17:10 – Rs225.50 – 2,308,333 shares. brokers said that Perpetual Capital (Pvt) Ltd held this exact quantity of CFIN shares as at 30.9.15 – 2.2% of company. (Feb 02, 2016 15.15 p.m)

ASPI trading at 6,398.53, up 35.35 points or 0.56 percent with gains seen in Ceylon Tobacco Company and John Keells Holdings, brokers said. Turnover is at 2.9 million rupees.   (Feb 02, 2016 11.30 a.m)

USD/LKR opened at 143.95.20, dealers said. (Feb 02, 2016 09.15 a.m)

Asian stocks dropped on the back of  weak manufacturing data from China and low oil prices. Japan’s Nikkei was down by 0.3 percent, Australia’s ASX 200 by 0.5 percent, South Korea’s KOSPI by 0.6 percent and Singapore’s STI by 1 percent. Chinese data slowed according to reports to more than expected in January, to its weakest level since 2012, dragged down by small and midsize enterprises. (Feb 02, 2016 09.00 a.m)

In oil prices the U.S. benchmark fell $2 per barrel, 5.9 percent, to $31.62 per barrel while, the global benchmark declined 4.9 percent to $34.24. (Feb 02, 2016 09.00 a.m)

In the U.S., major stock indexes were down most of the day until Alphabet Inc., Google’s parent, and Facebook Inc. helped them end little changed. (Feb 02, 2016 09.00 a.m)

February 01, 2016 

USD/LKR quoted at 143.95/144.15 with thin volumes, dealers said. (Feb 01, 2016 1.30 p.m)

ASPI trading at 6,365.71, up 25.66 points or 0.40 percent with gains in JKH, Commercial Bank and Carsons and Cumberbatch, brokers said. (Feb 01, 2016 1.30 p.m)

January 29, 2016

Asian shares were slightly higher on Friday as oil prices showed gains. The Shanghai benchmark rose 1.6 percent in early trade while the Nikkei lost early gains to trade 0.3 percent lower. MSCI of Asia-Pacific shares outside Japan managed to add 0.3 percent helped by the recovery of the of Chinese shares. (Jan 29, 2016 09.00 a.m)

January 28, 2016 

ASPI trading at 6,321.03, up 4.57 points or 0.07 percent with gains in Commercial Bank and Dialog Axaita, brokers said.  (Jan 28, 2016 11.00 a.m)

USD/LKR holding steady at 144.00/20, dealers said. (Jan 28, 2016 11.00 a.m)

Asian share markets slipped on Thursday following losses on Wall Street with investor concerns over a U.S. Federal Reserve rate hike, media reports said. Japan’s Nikkei fell 0.96 percent, after a 2.7 percent jump the day before while China’s CSI 300 is trading down at 3.67 percent. MSCI’s of Asia-Pacific shares eased 0.5 percent in the wake of the Wall Street drop, while Australia’s main index lost 0.6 percent. (Jan 28, 2016 08.30 a.m)

Brent crude was quoted at 33.10 dollars a barrel after jumping over 4 percent on Wednesday while U.S. crude dropped back 41 cents in early trade to stand at 31.89 dollars. (Jan 28, 2016 08.30 a.m)

January 27, 2016

USD/LKR opened at 144.00/20, dealers said.  (Jan 27, 2016 09.00 a.m)

Oil prices rebounded on trading, Tuesday with hopes oil producers will cut output. Brent crude futures gained 1.30 US dollars at 31.80 dollars a barrel and U.S. crude was up 1.11 dollars at 31.45 dollars.

January 26, 2016

USD/LKR 144.00/20 with thin volumes, dealers said.  (Jan 26, 2016 11.16 a.m)

ASPI trading at 6,331.34, down 23.53 points or 0.37 percent with low investor activity, brokers said. John Keells Holdings hitting a 52 week low price of 150.50 rupees and now trading at 153.50 rupees, down 3.50 rupees.   (Jan 26, 2016 11.10 a.m)

January 25, 2016

USD/LKR quoted at 143.95/144.15 with thin volumes after closing at 143/95/144.00 on Friday, dealers said. “Exporters are holdings on to their dollars on the expectations that the 9.5 percent rupee depreciation experienced last year, could be repeated this year as well,” they said. (Jan 25, 2016 11.16 a.m) 

ASPI trading at 6,357.13, down 25.11 points or 0.39 percent(Jan 25, 2016 11.16 a.m)  

January 21, 2016

Sri Lanka’s bond yields rose Thursday in the wake of higher yields at a Treasuries auction a day earlier. Yields on the mid tenors were up 50 basis points, dealers said. The 12-month Treasuries yields rose 32 basis points to 7.80 percent at Wednesday’s auction while the 6-month yield rose 13 basis points to 7.19 percent. Three-month bills were not offered. (Jan 21, 2016 12.15 p.m)

ASPI trading at 6,322.60, up 61.42 points or 0.98 percent.  (Jan 21, 2016 11.15 a.m)

USD/LKR opened at 144.00/20, dealers said.  (Jan 21, 2016 09.05 a.m)

January 20, 2016

USD/LKR opened at 143.85/10, dealers said,  (Jan 20, 2016 09.05 a.m)

Asian stocks opened mixed on Tuesday, with Japanese and South Korean indexes lower after a warning that oil prices could dip as Iran sanctions were lifted.  Japan’s Nikkei 225 and Korea’s KOSPI both fell 0.6 percent while in Singapore the STI gained 1.8 percent and shares in China the Shanghai composite is trading down at 1.3 percent.  (Jan 20, 2016 09.00 a.m)

U.S. crude prices fell 3.3 percent to 28.46 US dollars a barrel.  (Jan 20, 2016 09.00 a.m)

January 19, 2016

Sri Lankan stocks closed down 0.65 percent with losses in index heavy stocks, brokers said. The Colombo benchmark All Share Price Index closed down 41.37 points at 6,283.24 down 0.65 percent. S&P SL20 closed 23.06 points down at 3,261.30 down 0.70 percent. Turnover was at 766 million rupees, with 52 stocks closing positive against 112 negative.  The main index showed losses in Bukit Darah closed at 401.70 rupees, down 23.30 rupees and Cargills Ceylon closed at 160.00 rupees, down 10.00 rupees. “Investors are keeping away due to lack of policy direction,” Lanka Securities said. (Jan 19, 2016 3.30 p.m)

USD/LKR 144.00/20, dealers said. (Jan 19, 2016 2.00 p.m)

January 18, 2016

Most of  Asian markets were trading in the negative, Monday morning on extended losses of Wall Street on Friday and a dip in oil prices. China’s Shanghai composite was down 0.41 percent after opening 1.84 percent lower, while the Shenzhen composite was up 0.17 percent after opening down 2 percent. Japan’s Nikkei saw early losses to trade down 1.94 percent after falling as much as 2.39 percent earlier while South Korea’s Kospi traded down at 0.45 percent lower. Australian market traded down too with the ASX 200 dipping 1.01 percent in early trade. (Jan 18, 2016 09.00 a.m) 

January 14, 2016

ASPI trading at 6,517.28, down 37.09 points or 0.57 percent with losses in Ceylon Tobacco and Commercial Bank. (Jan 14, 2016 09.00 a.m)

USD/LKR 143.90/144.00, dealers said. (Jan 14, 2016 09.00 a.m)

Asian markets were down on Thursday morning followed Wall Street losses and low oil prices. In China the Shanghai composite was down 0.97 percent, while the Shenzhen fell 0.21 percent. At market open, Shanghai was down 2.73 percent and Shenzhen saw losses of 3.37 percent. Hong Kong’s Hang Seng was down 1.51 percent while Japan’s Nikkei erased all of Wednesday’s 2.88 percent gain and plunged 3.66 percent while South Korea’s Kospi was down 1.33 percent. (Jan 14, 2016 09.00 a.m)

January 13, 2016

USD/LKR at 143.80/90, brokers said. (Jan 13, 2016 4.20 p.m)

ASPI trading at 6,565.26, up 36.56 points or 0.56 percent, brokers said. “The market is up after seven consecutive days of losses with bargain hunters entering the market,” Lanka Securities said. (Jan 13, 2016 11.45 a.m)

Asian shares made their first real rally of the year on Wednesday after positive Chinese trade data were released. China’s Shanghi composite erased early gains of 0.74 percent to trade down 0.18 percent while Shenzhen was down 0.71 percent nd the CSI300 closed flat. In Japan In Japan the Nikkei 225 was trading up at 2.69 percent, while South Korea’s Kospi also made gains of 1.41 percent. Hong Kong’s Hang Seng is up 2.39 percent.  The Australian market was also in positive territory, with the main ASX 200 up 0.81 percent.  (Jan 13, 2016 09.30 a.m)

Sri Lanka’s Treasuries yields across maturities at Tuesday’s auction with the 3-month yield up 19 basis points to 6.78 percent while the 6-month yield rose 13 basis points to 7.06 percent. The 12-month yield rose 6 basis points to 7.48 percent.

January 12, 2016

ASPI at 6,600.35, down 49.97 points at 0.75 percent, brokers said. “Market is down mainly due to local and global economic concerns and the lack of positive news,” they said.  (Jan 12, 2016 11.30 a.m)

USD/LKR opened at 143.75/85, dealers said. (Jan 12, 2016 09.00 a.m)

Asia’s stock markets traded mixed, with investor sentiment in the region remaining fragile as oil prices continued to slide and China concerns weighed. China’s Shanghai composite was up 0.38 percent after rising as much as 0.9 percent and falling as much as 0.71 percent in the first 10 minutes of trade. On Monday, a late-afternoon sell-off saw the index fall more than 5 percent. Japan Nikkei was down 2.89 percent while Hong Kong’s Hang Seng was down 0.41 percent. (Jan 12, 2016 10.00 a.m)

Oil futures extended declines after selling off during U.S. trade that sent prices to fresh 12-year lows, media reports said. In Asian trade they slipped to a further 15-year lows as U.S. West Texas Intermediate crude traded 1.4 percent lower at 30.96 dollars a barrel while globally traded Brent futures fell 1.36 percent to 31.12 dollars a barrel. (Jan 12, 2016 10.00 a.m)

China’s offshore yuan hit a record high of 94 percent in Hong Kong in volatile morning trading on Tuesday, as suspected intervention from the central bank drained liquidity in the offshore market, foreign media reports said. (Jan 12, 2016 09.00 a.m)

January 11, 2016

Colombo ASPI down 1.05 percent on 781 million turnover (Jan 11, 2016 12.57 p.m)

USD/LKR 143.70/90 dealers said.  (Jan 11, 2016 09.05 a.m)

Overnight money at 6.55/60 Repo at 6.35/40, dealers said. (Jan 11, 2016 08.45 a.m)

Asian stock markets were down in early trading Monday with the Chinese markets opening in negative territory. China’s Shanghai composite was initially down as much as 2.51 percent while the Shenzhen composite was also down at 1.6 percent in early trade. Last week, the index lost all of its 2015 gains last week, falling by 9.97 percent in just five days.  Japan’s Nikkei was down 0.39 percent while Hong Kong’s Hang Seng was trading at 1

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