Category: Markets
Depreciation will help some equity sectors, ease uncertainty: Bartleet Religare
Sept 06, 2015 (LBO) – Sri Lanka’s depreciation last week will help export-related stocks and banks listed on the market, Bartleet Religare Securities said. From a foreign investors’ point of view, the depreciation takes away uncertainty that has been weighing on the market. “Foreign investors saw the devaluation coming and some did exit. Others didn’t […]
Sri Lanka stocks close down 0.4-pct: Low investor activity
Sep 04, 2015 (LBO) – Sri Lankan stocks closed down 0.42 percent on Friday with low investor activity and most of the banking sector stocks making losses, brokers said. The Colombo benchmark All Share Price Index closed down 30.39 points at 7,215.11, lower 0.42 percent. S&P SL20 closed 22.63 points lower at 3,956.21 down 0.57 […]
Sri Lanka stocks close higher 0.07-pct, net foreign outflow
Sep 03, 2015 (LBO) – Sri Lankan stocks closed higher 0.07 percent on Thursday after three days of losses with index heavy stocks showing gains, brokers said. The Colombo benchmark All Share Price Index closed higher 5.11 points at 7,245.50 higher 0.07 percent. S&P SL20 closed 1.06 points higher at 3,978.84 down 0.03 percent. “We […]
Asian stocks up as China takes long week-end break
Sep 03, 2015 (LBO) – Asian markets opened higher on Thursday, following a Wall Street rally on Wednesday and stronger commodity prices, foreign media reports said. Japan’s benchmark Nikkei index was up 1.8 percent to 18,412.2 in early trade. While, In South Korea, the benchmark Kospi index was higher by 0.8 percent at 1,929.6 after […]
Sri Lanka stocks close down 0.8-pct
Sep 02, 2015 (LBO) – Sri Lankan stocks closed down 0.80 percent on Wednesday for the third consecutive session with investors continuing to take profits, brokers said. The Colombo benchmark All Share Price Index closed down 58.36 points at 7,240.39 down 0.80 percent. S&P SL20 closed 26.05 points lower at 3,981.27 down 0.65 percent. “Investors […]
Global markets plunge on weak China factory data
Sept 02, 2015 (LBO) – Data from China suggesting a contraction in factory activity threw global markets into a selling frenzy Tuesday with the U.S. S&P 500 plunging 2.9 percent and the London FTSE falling 3.03 percent. This was after Shanghai closed 1.2 percent earlier in the day. Colombo stocks fell a smaller 0.11 percent […]
Sri Lanka stocks close down 0.1-pct: Profit taking
Sep 01, 2015 (LBO) – Sri Lankan stocks closed down 0.11 percent on Tuesday with investor taking profit and losses in the banking sector stocks, brokers said. The Colombo benchmark All Share Price Index closed down 8.19 points at 7,298.75 down 0.11 percent. S&P SL20 closed 18.94 points lower at 4,024.09 down 0.47 percent. “Almost […]
Sri Lanka Markets: liquidity at Rs25 Bn; USD/LKR 134.50
Sept 01, 2015 (LBO) – The liquidity surplus in Sri Lanka’s money market was 25 billion rupees compared with 46 billion rupees last week, while the rupee traded at 134.50 against the dollar inching lower from last week’s level.The central bank was offering 15 billion rupees through its OMO auction on Tuesday to meet bank […]
Sri Lanka stocks close down 0.6-pct: Low investor activity
Aug 31, 2015 (LBO) – Sri Lankan stocks closed down 0.59 percent on Monday with low investor activity and losses in the index heavy stocks, brokers said. The Colombo benchmark All Share Price Index closed down 43.58 points at 7,306.42 down 0.59 percent. S&P SL20 closed 23.72 points lower at 4,025.43 down 0.57 percent. “There […]
Sri Lanka stocks close up 1-pct: JKH gains
Aug 28, 2015 (LBO) – Sri Lankan stocks closed up 1.06 percent on Friday for the third consecutive session despite foreign selling as the bargain hunters dominated the market activities as index heavy stocks made gains, brokers said. The Colombo benchmark All Share Price Index closed up 89.08 points at 7,362.22 up 1.22 percent. S&P […]
Fitch Maintains Ceylon Income Fund on Rating Watch Negative
Aug 27, 2015 (LBO) – Fitch Ratings has maintained the ‘(A(lka))’ national fund credit quality rating of the Ceylon Income Fund on a negative rating, a statement said. The full statement follows: Fitch Ratings has maintained the ‘(A(lka))’ National Fund Credit Quality Rating of the Ceylon Income Fund on Rating Watch Negative. The National Fund […]
US markets rally, appears to shake off China worries
Aug 27, 2015 (LBO) – US markets rallied on Wednesday appearing to shake off fears about China, but all eyes will be once again on the Shanghai Composite Index on Thursday. The S&P 500 recovered 3.9 percent and NASDAQ surged 4.2 percent after the Chinese market closed down 1.3 percent on Wednesday. Europe, however, bucked […]