Category: Markets
Sri Lanka stocks close lower 0.05-pct ahead of monetary policy review
Oct 19, 2015 (LBO) – Sri Lankan stocks closed down on Monday for a fifth consecutive day ahead of the governments monetary policy review, brokers said. The Colombo benchmark All Share Price Index closed lower 3.39 points at 7,017.35 down 0.05 percent. S&P SL20 closed 9.56 points lower at 3,783.27 lower 0.25 percent. Turnover was 1.2 […]
PTL Watch: Bond yields edge up amid more foreign selling
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CSE to promote Sri Lanka with Zurich, London roadshows this month
Oct 19, 2015 (LBO) – The Colombo Stock Exchange will promote the Sri Lankan market with two roadshows in Zurich and London this month. A breakfast meeting in Zurich on October 28 and an investor forum in London on October 29-30 will have representatives of Sri Lankan brokerages and the financial sector with the attendance […]
Poll: Central Bank expected to hold interest rates unchanged
Oct 16, 2015 (LBO) – Sri Lanka’s Central Bank is expected to hold interest rates unchanged at the monthly monetary policy announcement on Tuesday, market participants told Lanka Business Online. A poll of 13 market participants showed 12 expected no change in policy interest rates, while one expected a 25 to 50 basis point hike […]
Sri Lanka stocks close down 0.1-pct with foreign inflow
Oct 16, 2015 (LBO) – Sri Lankan stocks closed down on Friday for a fourth consecutive day with turnover at a one month low, brokers said. The Colombo benchmark All Share Price Index closed down 9.71 points at 7,028.74 down 0.14 percent. S&P SL20 closed 9.42 points lower at 3,773.71 lower 0.25 percent. Turnover w as […]
Sri Lanka stocks close down 0.1-pct at three-month low
Oct 15, 2015 (LBO) – Sri Lankan stocks closed down on Thursday for a third consecutive day with economic and budget concerns keeping investors away, brokers said. The Colombo benchmark All Share Price Index closed down 9.87 points at 7,030.45 down 0.14 percent. S&P SL20 closed 1.96 points lower at 3,783.13 lower 0.0.05 percent. “Lack of […]
Sri Lanka stocks close down 0.5-pct
Oct 14, 2015 (LBO) – Sri Lankan stocks closed down on Wednesday with continued losses in index heavy and banking sector stocks, brokers said. The Colombo benchmark All Share Price Index closed down 38.13 points at 7,040.32 down 0.54 percent. S&P SL20 closed 32.33 points lower at 3,778.88 lower 0.85 percent. “Investors are still keeping to […]
Sri Lanka stocks close down 0.3-pct: Budget concerns
Oct 13, 2015 (LBO) – Sri Lankan stocks closed down on Tuesday with losses seen in some index heavy and telecom sector stocks with investors concerned about the budget, brokers said. The Colombo benchmark All Share Price Index closed down 21.55 points at 7,078.45, down 0.30 percent. S&P SL20 closed 5.01 points lower at 3,811.21 lower […]
Candor to list 5-year unit trust on CSE, makes public offer
Oct 13, 2015 (LBO) – Candor Opportunities Fund, managed by Candor Asset Management, has been approved to list on the Colombo Stock Exchange with a public offering of 75 million units at 10 rupees per unit, the fund manager said. The issue will offer 50 million units at 10 rupees per unit, with an option […]
Sri Lanka stocks close higher 0.06-pct, Telco gains
Oct 12, 2015 (LBO) – Sri Lankan stocks closed higher on Monday with gains in the telecom sector stocks as lack of policy direction made the market volatile, brokers said. The Colombo benchmark All Share Price Index closed higher 3.94 points at 7,100.00, up 0.06 percent. S&P SL20 closed 1.04 points lower at 3,818.76 lower 0.03 […]
Sri Lanka has full support of WB, IMF says Finance Minister
Oct 12, 2015 (LBO) – Sri Lanka has the full support of the World Bank and the International Monetary Fund, Finance Minister Ravi Karunanayake said after attending Annual Meetings of the two institutions in Lima, Peru. “I must reiterate that we are not subject to any conditions imposed by the World Bank and the IMF. […]
Sri Lanka stocks close flat, Net foreign out flow
Oct 08, 2015 (LBO) – Sri Lankan stocks closed flat on Thursday with low investor interest due to lack of policy directions, brokers said. The Colombo benchmark All Share Price Index closed flat at 7,085.65. S&P SL20 closed 3.09 points lower at 3,818.60 lower 0.08 percent. Turnover was 850 million rupees, up from 636 million […]