Category: Markets
CHC mandatory offer for Taprobane Holdings
Aug 26, 2015 (LBO) – Sri Lanka’s CHC Investment will be making a mandatory offer to shareholders of financial services firm Taprobane Holdings after it bought a 30.99 percent stake at 5.50 rupees, CHC said in a statement to the Colombo Stock Exchange. The mandatory offer will be at 5.50 rupees per share. A detailed […]
China cuts interest rates, global markets weigh move
Aug 26, 2015 (LBO) – China cut interest rates early on Wednesday supporting turbulent markets which plunged sharply in recent days on worries the large economy was slowing down. China’s stocks swung in both directions as markets weighed the impact of the fifth interest rate cut since November. The PBOC said it will cut the […]
Some China researchers see yuan at 7 by year end: report
25, Aug 2015 (LBO) – Some research institutions in China are working on the assumption of the yuan weakening to 7 to the dollar by year end from the current 6.4135, a report said. Though these studies done by institutions in China have not yet been made public, they indicate analyst predictions of an eight […]
Asian markets volatile; China extends losses, ASPI drops 1 pct
Aug 25, 2015 (LBO) – Asian share markets temporarily bounced back before heading into the red with Chinese stocks diving, a day after their worst plunge since 2007. China’s benchmark Shanghai Composite was down 7.9 percent on Tuesday, after falling 8.5 percent on Monday. The sell-off was driven by fears that China’s slowing growth might […]
Stocks close down 1.9-pct amid global market uncertainty
Aug 24, 2015 (LBO) – Sri Lankan stocks closed down 1.9 percent on Monday with index heavy stocks making losses and investors taking profits amid international market uncertainty, brokers said. Global markets took a beating on Monday after China’s Shanghai composite index tumbled 8.49 percent, erasing gains made so far this year. The London FTSE […]
Stock markets fall most in 4 Years on worries about China
Aug 22, 2015 (LBO) – International markets took a beating on Friday on worries about China’s economy. The Dow Jones Index fell 3.1 percent to finish at 16,459 points. The market is down 10 percent from its all-time high in May after its 1,000 point drop this week. This has been the dow’s worst week […]
Sri Lanka stocks close up 0.3-pct
Aug 21, 2015 (LBO) – Sri Lankan stocks closed up 0.29 percent on Friday with index heavy stocks making gains, brokers said. The Colombo benchmark All Share Price Index closed up 21.35 points at 7,471.17 up 0.29 percent. The S&P SL20 closed 3.09 points higher at 4,148.68 up 0.07 percent. Turnover was 959 million rupees, […]
Sri Lanka stocks close down 0.6-pct
Aug 20, 2015 (LBO) – Sri Lankan stocks closed down Thursday with volatility returning to the market as it lost steam amid on-going discussions among the two major political parties to form a national government, brokers said. The Colombo benchmark All Share Price Index closed down 48.96 points at 7,449.82 down 0.65 percent. The S&P […]
Sri Lanka stocks close up 0.4 –pct; investors optimistic
Aug 17, 2015 (LBO) – Sri Lanka’s stocks closed up 0.40 percent on Monday, with investors enthusiastic about a more stable political situation in the Island with key parliamentary election in progress, brokers said. The Colombo benchmark All Share Price Index closed 29.79 points higher at 7,492.04 up 0.40 percent. The S&P SL20 closed 17.64 […]
Sri Lanka stocks close up 0.3 -pct: CSE trading will stop at mid day on 17 Aug
Aug 14, 2015 (LBO) – Sri Lanka’s stocks closed up 0.26 percent on Friday, with gains in the financial sector stocks ahead of the key Aug. 17 parliamentary election, brokers said. The Colombo benchmark All Share Price Index closed 19.59 points higher at 7,462.34 up 0.26 percent. The S&P SL20 closed 20.68 points higher at […]
Sri Lanka stocks close down 0.4 -pct: Profit taking
Aug 13, 2015 (LBO) – Sri Lanka’s stocks closed down 0.39 percent on Thursday, with losses in some index heavy and Telecom stocks and investors taking profit, brokers said. The Colombo benchmark All Share Price Index closed 29.15 points lower at 7,442.75 down 0.39 percent. The S&P SL20 closed 24.51 points lower at 4,128.24 down […]
Sri Lanka stocks close up 1.2-pct
Aug 11, 2015 (LBO) – Sri Lanka’s stocks closed up 1.20 percent on Tuesday, with gains seen across the board on hopes of political stability after the August 17 parliamentary elections and better corporate earnings in the April-June quarter, brokers said. The Colombo benchmark All Share Price Index closed 88.87 points higher at 7,466.81 up […]