Category: Markets
Poll: Sri Lanka market evenly divided on possible US rate change
Nov 19, 2015 (LBO) – Sri Lanka market participants are evenly divided on whether the U.S. will hike interest rates or not this year, with half the participants polled by Lanka Business Online saying they expect no change. Out of 14 market participants polled by Lanka Business Online, seven said they expect around a 25 […]
Sri Lanka stocks close higher 0.06-pct: Budget concerns
Nov 18, 2015 (LBO) – Sri Lankan stocks closed higher at 0.06 percent on Wednesday with low turnover and volumes as investors kept on the side lines ahead of Friday’s government budget, brokers said. The Colombo benchmark All Share Price Index closed up 4.02 points at 6,981.97 higher 0.06 percent. S&P SL20 closed 3.95 points […]
Sri Lanka stocks close up 0.2-pct: Gains in blue chips
Nov 17, 2015 (LBO) – Sri Lankan stocks closed up at 0.17 percent on Tuesday recovering from its four month low due to price increases in some index heavy stocks, brokers said. The Colombo benchmark All Share Price Index closed up 11.97 points at 6,977.95 higher 0.17 percent. S&P SL20 closed 9.30 points higher at […]
Sri Lanka stocks close down 0.5-pct: Banking and Telco losses
Nov 16, 2015 (LBO) – Sri Lankan stocks closed down at 0.51 percent on Monday with 18 week low as investors kept on the sidelines mainly on budget concerns and banking and telco stocks making losses, brokers said. The Colombo benchmark All Share Price Index closed lower 35.83 points at 6,965.98 lower 0.51 percent. S&P […]
Analysis: Asian, Sri Lankan equities attractive on GARY valuation, says CLSA
Nov 14, 2015 (LBO) – Some equities offer dividend returns as well as earnings growth. Called Gary stocks, these are an attractive value proposition in an Asian context, Desh Peramunetilleke, the head of microstrategy for Asian brokerage and investment firm CLSA, said. “The growth at a reasonable yield, Gary strategy, has delivered strong returns globally,” […]
Markets react to uncertainty after Paris attacks
Nov 16, 2015 (LBO) – World markets reacted to uncertainty on Monday after attacks in Paris that killed 129 people. The Nikkei was down 0.92 percent at 2.00 GMT with traditional safe-haven investments such as gold, the US dollar, and Japanese yen opening stronger.Gold was up 0.83 percent, the euro fell 0.5 percent against the […]
Sri Lanka stocks close lower 0.06-pct
Nov 13, 2015 (LBO) – Sri Lankan stocks closed down at 0.06 percent on Friday for a fourth consecutive session with more investor activity and volumes compared to Thursday with losses in some index heavy stocks, brokers said. The Colombo benchmark All Share Price Index closed lower 4.54 points at 7,001.81 lower 0.06 percent. S&P […]
Unusual U.S. financial market moves defy logic, say analysts
Nov 13, 2015 (LBO) – Several strange occurances in U.S. financial markets have raised eyebrows of market analysts amid a near-zero interest rate policy. U.S. interest rates have been near zero, with loose monetary policy followed for nine years, on the heels of the subprime mortgage crisis during the 2007-2009 period. This year some Scandinavian […]
Sri Lanka stocks close down 0.4-pct: Banking losses
Nov 11, 2015 (LBO) – Sri Lankan stocks closed down at 0.44 percent on Wednesday with low investor activity ahead of next week’s budget with losses in some index heavy and banking sector stocks , brokers said. The Colombo benchmark All Share Price Index closed down 30.98 points at 7,019.23 lower 0.44 percent. S&P SL20 […]
‘s Candor 5-year unit trust public offer oversubscribed
Nov 10, 2015 (LBO) – Candor Opportunities Fund, managed by Candor Asset Management, issue offer of 50 million units was oversubscribed with the issue reaching applications for over 500 million, the fund said.“Therefore we will exercise the subscription offer,” the company said in a stock exchange filling. The issue offered 50 million units at 10 […]
Asian stocks open lower with stronger Fed rate hike possibility
Nov 10, 2015 (LBO) – Asian stocks opened lower after global stocks fell on Monday on increased chances of a Fed rate hike this year. Probability that the Fed will hike interest rates this year have increased to 68 percent, from 50 percent a week ago and 39 percent last month, according to market data. […]
Infrastructure: Negotiating position crucial in structuring deals, say experts
Nov 09, 2015 (LBO) – Sri Lanka’s government must pay attention to increasing its negotiating strength when seeking commercial borrowing and entering into partnerships with the private sector, financing experts said. This process involves announcing long-term plans, with properly structured projects in the pipeline, and building institutional capacity to structure deals, they said. “As a […]