Category: Companies
Sri Lankan shares fall about 10 pct in 2016; directions on rupee, rates awaited
Dec 30, 2016 (Reuters) – Sri Lankan shares fell on Friday, posting a yearly decline of about 10 percent, in thin trade due to year-end holidays, while investors waited for directions from the central bank on the rupee and interest rates. The central bank is most likely to keep its key interest rates steady at […]
Sri Lankan shares hit more than 1-wk closing high; PABC boosts turnover
Dec 29, 2016 (Reuters) – Sri Lankan shares touched a more than one-week closing high on Thursday led by financials, with shares of Pan Asia Banking Corporation Plc accounting for 85 percent of the day’s turnover. The Colombo stock index finished 0.28 percent higher at 6,245.71, moving away from its lowest close since April 6 […]
Sri Lanka Melstacorp share trading commences from tomorrow
Dec 29, 2016 (LBO) – Sri Lanka’s newly formed Melstacorp, the holding company of Distilleries, said its shares will commence trading on the Colombo Stock Exchange from tomorrow. In a stock exchange filing, the company said these shares will be classified under the ‘Diversified Holdings’ sector. A total of 1,165,397,072 ordinary voting shares are to […]
Sri Lankan shares rise nearly 0.5 pct in high turnover
Dec 28, 2016 (Reuters) – Sri Lankan shares closed about half a percent higher on Wednesday, recovering from a more than eight-month closing low hit in the previous session, led by blue chips such as John Keells Holdings and Hatton National Bank. Turnover was 1.73 billion rupees ($11.59 million), more than twice the daily average […]
Sri Lanka’s Abans Finance to raise capital with Rs277mn rights issue
Dec 28, 2016 (LBO) – Sri Lanka’s finance sector player, Abans Finance, is to raise 277.34 million rupees by way of a rights issue, the company said in a stock exchange filing. The company has obtained the Central Bank approval in compliance with Finance Companies (Structural Changes) Direction No. 01 of 2013 by their letter […]
Businessman Dhammika Perera buys Beach Resorts for Rs330mn
Dec 27, 2016 (LBO) – Sri Lankan business tycoon Dhammika Perera has bought control of Beach Resorts limited for 330 million rupees, Amaya Leisure said. The Board of Directors of Amaya Leisure announced to the Colombo Stock Exchange that it has taken a decision to divest its entire shareholding in The Beach Resorts Ltd, a […]
Sri Lankan shares hit more than 8-mth closing low; turnover slumps
Dec 27, 2016 (Reuters) – Sri Lankan shares closed at their weakest in more than eight months in typical year-end holiday-thinned trading on Tuesday, with turnover slumping to a near 33-month low as investors stayed away. The Colombo stock index ended 0.22 percent lower at 6,202.83, its lowest close since April 6. It has shed […]
Sri Lanka Hayleys eyes 55-floor Twin Tower development project
Dec 27, 2016 (LBO) – Sri Lanka’s diversified Hayleys has approved in principle a property development project in Colombo for commercial office space. The venture would see the construction of “A” Grade Twin Towers, with 55 floors each, having a total floor area of 3.8 million square feet of space. The Board of Directors of […]
Sri Lanka’s Fortress Resorts to build Rs2.1bn 5-star hotel in Weligama
Dec 27, 2016 (LBO) – Sri Lanka’s Fortress Resorts through its fully owned subsidiary La Forteresse private limited has made an initial investment of 364 million rupees to set up a five Star Hotel in Weligama. The hotel project is undertaken by Alila Hotels & Resorts private limited owned by La Forteresse at an estimated […]
Sri Lankan shares rise after eight sessions of falls in thin trade
Dec 23, 2016 (Reuters) – Sri Lankan shares edged up on Friday, snapping eight straight sessions of falls and moving away from a more than eight-month closing low hit in the previous session, while turnover was low in holiday-thinned trade as investors stayed away from markets ahead of the Christmas weekend. The Colombo stock index […]
Sri Lankan shares hit more than 2-wk closing low led by banks
Dec 16, 2016 (Reuters) – Sri Lankan shares fell for a third straight session on Friday to close at their lowest in more than two weeks, as a dollar rally to a 14-year peak after an interest rate increase by the U.S. Federal Reserve earlier this week kept investors subdued. The 25-basis-point rate increase could […]
Teejay Lanka replaces Ceylinco Insurance in new S&P SL20 rebalance
Dec 15, 2016 (LBO) – Colombo Stock Exchange today announced changes to the S&P Sri Lanka 20 index made by S&P Dow Jones Indices at the 2016 annual index rebalance. As announced by S&P Dow Jones Indices, effective from 19 December 2016 (after the market close), Ceylinco Insurance will be removed from the S&P Sri […]