Category: Markets
Sri Lanka stocks close down 0.05-pct: Low investor activity
Sep 21, 2015 (LBO) – Sri Lankan stocks closed down 0.05 percent on Monday with low investor activity and losses in index heavy stocks, brokers said. The Colombo benchmark All Share Price Index closed down 3.50 points at 7,104.37 lower 0.05 percent. S&P SL20 closed 2.49 points lower at 3,883.22 down 0.06 percent. Turnover was […]
Debt report: Sri Lanka market watchful after IMF comments
Sept 21, 2015 (LBO) – Sri Lanka’s debt market was watchful on Monday after International Monetary Fund remarks that the central bank could adopt a tightening bias. The bond market cramped up with thin trading, dealers said, as secondary yields of five year bonds ticked up slightly by 5 basis points. On Friday, the IMF […]
Asian markets lower on Fed intransigence, Tsipras wins Greece election
Sept 21, 2015 (LBO) – Asian shares fell on Monday following weaker U.S. markets on Friday after the U.S. held interest rates unchanged citing global growth concerns. The Australian ASX 200 has plunged 2.5 percent, Shanghai is down 0.59 percent and the Hang Seng is 1.33 percent lower. This follows a fall in U.S. markets […]
Asiri Hospital to sell shares to Actis Investment, up stake in Central Hospital
Sep 19, 2015 (LBO) – Asiri Hospital Holdings will sell new shares to Actis Investment Holdings, a private equity firm, for 845.7 million rupees, the company said in a statement. The funds will be used to raise its stake in Central Hospital from 68 percent to 99.7 percent, the company said in a stock exchange […]
Sri Lanka stocks close down 0.08-pct: JKH losses
Sep 18, 2015 (LBO) – Sri Lankan stocks closed down 0.08 percent on Friday with low investor activity and losses in John Keells Holding, brokers said. The Colombo benchmark All Share Price Index closed down 5.64 points at 7,107.87 lower 0.08 percent. S&P SL20 closed 7.94 points higher at 3,893.02 up 0.20 percent. Turnover was […]
Asian stocks mixed following Fed decision to hold rates
Sep 18, 2015 (LBO) – Asian markets traded mixed after the US Federal Reserve kept interest rates unchanged. Japan’s Nikkei 225 index was down 1.5 percent to 18,164.41 in morning trade. Chinese shares, Shanghai Composite index was up 0.8 percent to 3,111.13, while Hong Kong’s Hang Seng index was up 0.4 percent to 21,933.95 in early trade. South […]
Sri Lanka can attract Japanese companies, bank: ambassador
Sept 17, 2015 (LBO) – Sri Lanka has great potential to attract Japanese investors who are interested in investing in the island, and as a gateway to India and Pakistan, Kenichi Suganuma, the ambassador for Japan in Sri Lanka, said.Although India is a big market it is not easy to do big business there, he […]
Sri Lanka’s Land Rover sees growing local demand
Sep 17, 2015 (LBO) –Land Rover’s sole authorized distributor in Sri Lanka, SML Frontier Automotive says that demand in the local market is growing at a fast pace with rise in per capita income in the island.“In our segment of the market it is the rise in the number of professionals in the country and […]
Sri Lanka’s Dialog increases stake in wow.lk
Sep 16, 2015 (LBO) – Sri Lanka’s Dialog Axiata has increased its stake from 46 percent to one hundred percent in e-commerce website, wow.lk, brokers said. “Dialog Axiata have increased its shareholding in Digital Commerce Lanka (Pvt) Ltd from 46 percent to 100 percent, through its subsidiary, Digital Holdings Lanka (Pvt) Ltd.,” Lanka Securities said. […]
Sri Lanka stocks close down 0.2-pct; Banking and finance losses following CB directive
Sep 16, 2015 (LBO) – Sri Lankan stocks closed down 0.21 percent on Wednesday with losses in the banking and finance stocks following a Central Bank directive to banks to reduce loan ratio on motor vehicles, brokers said. The Colombo benchmark All Share Price Index closed down 15.03 points at 7,137.40 lower 0.21 percent. S&P […]
Bank of Japan holds rates flat despite economic contraction
Sept 16, 2015 (LBO) – The Bank of Japan held interest rates unchanged on Tuesday despite calls for further monetary policy easing from the central bank after a 0.3 percent contraction of the Japanese economy in the second quarter. The contraction follows a similar 0.3 percent contraction in the third quarter of last year. “Japan’s […]
Sri Lanka stocks close down 0.14-pct: Lack of direction for investors
Sep 15, 2015 (LBO) – Sri Lankan stocks closed down 0.14 percent on Tuesday following with low investor sentiment and losses in index heavy stocks, brokers said. The Colombo benchmark All Share Price Index closed down 10.01 points at 7,152.43 lower 0.14 percent. S&P SL20 closed 4.48 points lower at 3,915.15 down 0.11 percent. “There […]