Category: Markets
Sri Lanka stocks down 0.5-pct: JKH losses
Sep 30, 2015 (LBO) – Sri Lankan stocks closed down 0.49 percent on Wednesday with losses in index heavy John Keells Holdings, brokers said. The Colombo benchmark All Share Price Index closed down 34.51 points at 7,050.87 lower 0.49 percent. S&P SL20 closed 32.46 points lower at 3,826.15 down 0.84 percent. Turnover was 1.3 billion […]
‘s deflation increases to 0.3 pct in Sept from 0.2 pct in Aug
Sept 30, 2015 (LBO) – Sri Lanka’s deflation was lower at 0.3 percent, year-on-year, in September, from 0.2 percent in August, the census and statistics department said. On a 12 month moving average basis, inflation fell to 0.7 percent in September from 1.0 percent in the previous month.There were slight price declines from August to […]
Sri Lanka stocks up 0.10-pct: Net foreign inflow
Sep 29, 2015 (LBO) – Sri Lankan stocks closed up 0.10 percent on Tuesday after three consecutive days of losses with gains seen some index heavy, brokers said. The Colombo benchmark All Share Price Index closed up 6.74 points at7,085.38 higher 0.10 percent. S&P SL20 closed 18.62 points lower at 3,850.93 down 0.48 percent. Turnover […]
Free flow of information vital for financial markets: CB Governor
Sept 28, 2015 (LBO) – A free flow of information is vital for financial markets to grow, Sri Lanka’s Central Bank Governor Arjuna Mahendran told media on Monday. He was responding to a question posed by Lanka Business Online about concerns of market participants that they should censor information when dealing with the media. Some […]
Colombo Stock Exchange to transform into a sustainable stock exchange
Sep 28, 2015 (LBO) – The Colombo Stock Exchange is to be transformed into a sustainable stock exchange while enhancing corporate transparency on Environmental, Social, and corporate Governance (ESG) issues.CSE recently joined the United Nations Sustainable Stock Exchanges initiative, launched by UN Secretary General Ban Ki-moon in 2009.It aims to explore how exchanges can work […]
Sri Lanka stocks edge lower, turnover at five week high
Sep 28, 2015 (LBO) – Sri Lankan stocks closed down 0.45 percent on Monday with losses in some index heavy and banking stocks and low retail investor activity, brokers said. The Colombo benchmark All Share Price Index closed down 32.16 points at7,078.64 lower 0.45 percent. S&P SL20 closed 22.79 points lower at 3,864.35 down 0.59 […]
Central bank holds rates unchanged; private sector credit up 21 pct
Sept 25, 2015 (LBO) – Sri Lanka’s central bank held key interest rates unchanged on Monday despite credit to the private sector rising 21 percent due to low interest rates amid a further drop in foreign reserves. The Standing Deposit Facility Rate (SDFR) and the Standing Lending Facility Rate (SLFR) of the Central Bank were […]
Sri Lanka stocks edge lower, turnover picks up
Sep 25, 2015 (LBO) – Sri Lankan stocks closed lower 0.06 percent on Friday with investors concerned over domestic economic conditions, brokers said. The Colombo benchmark All Share Price Index closed down 4.03 points at 7,110.80 lower 0.06 percent. S&P SL20 closed 2.30 points lower at 3,889.52 down 0.06 percent. Turnover was 1.2 billion rupees, […]
Sri Lanka stocks close down 0.05-pct
Sep 23, 2015 (LBO) – Sri Lankan stocks closed down 0.05 percent on Wednesday with losses in some index heavy stocks, brokers said. The Colombo benchmark All Share Price Index closed down 3.55 points at 7,114.83 lower 0.05 percent. S&P SL20 closed 11.48 points higher at 3,884.22 down 0.29 percent. Turnover was 747.5 million rupees, […]
Asian stocks hit by falling commodity prices in US
Sep 23, 2015 (LBO) – Asian stocks hit a negative in early Wednesday trade following a major U.S. averages crashed more than 1 percent overnight, foreign media reports showed. Commodity prices hit two-week lows on Tuesday, with U.S. crude oil down to 45.83 US dollars a barrel. Chinese shares dipped ahead of the key factory activity data […]
Sri Lanka stocks close up 0.2-pct on three week high: Poultry gains
Sep 22, 2015 (LBO) – Sri Lankan stocks closed up 0.20 percent on Tuesday with gains in John Keels Holdings and poultry stocks, brokers said. The Colombo benchmark All Share Price Index closed up 14.01 points at 7,118.38 higher 0.20 percent. S&P SL20 closed 17.98 points higher at 3,899.02 up 0.46 percent. Turnover was […]
Asian stocks rebound following gains in US and Europe
Sep 22, 2015 (LBO) – Asian indices rebounded after heavy losses Monday following gains made in Wall Street as well as European stocks, foreign media reports said. Chinese markets opened higher, with the Shanghai Composite up 0.88 percent to 3,184 points while Hong Kong’s benchmark Hang Seng index gained 0.77 percent. Korea’s benchmark Kospi […]