Category: Markets
Asia shares near 1-year top, await China trade data, ECB
SYDNEY, Sept 8 (Reuters) – Asian shares hovered near one-year peaks on Thursday as investors awaited Chinese trade data and a policy meeting by the European Central Bank, where it may announce an extension of its asset buying campaign. MSCI’s broadest index of Asia-Pacific shares outside Japan dipped 0.2 percent, but that followed four days […]
Sri Lanka seeks USD250mn ADB assistance to develop capital markets
Sept 07, 2016 (LBO) – Sri Lanka’s Finance Ministry has sought the assistance of Asian Development Bank to develop the capital market in the island. Under this program 250 million US dollars will be borrowed at an annual interest rate of LIBOR plus 0.6 percent less a credit of 0.1 percent, a cabinet decision showed. […]
Asia stocks at 1-year high as soft US data quells Fed hike talk
TOKYO, Sept 7 (Reuters) – The dollar took a tumble and Asian stocks rose to one-year highs on Wednesday after surprisingly weak U.S. services sector activity put paid to already slim chances of an interest rate hike by the Federal Reserve as early as this month. MSCI’s broadest index of Asia-Pacific shares outside Japan rose […]
Mobitel to make Rs732 mln voluntary offer for E-Channelling
Sept 06, 2016 (LBO) – Mobile telecommunications company Mobitel (Private) Limited says it will make a voluntary offer to shareholders of E-Channelling PLC for a total consideration of 732 million rupees, at six rupees per share. Mobitel had entered into a share sale and purchase agreement on September 5th with Senior Marketing System Asia Pte. […]
Asian shares edge up as investors await RBA
TOKYO, Sept 6 (Reuters) – Asian shares edged up on Tuesday but were mostly in a holding pattern after Monday’s U.S. holiday, as investors awaited a policy decision from the Reserve Bank of Australia. European stocks touched an eight-month high in choppy trading then reversed as trading wound down in the absence of U.S. markets, […]
GAAM: Rs945 mln foreign inflow into stocks last week
The Guardian Acuity Asset Management weekly report can be downloaded here [pdf-embedder url=”http://lbo-stg.efserver.net/wp-content/uploads/2016/09/Weekly-Report-GAAM-20-08-16.pdf” title=”Weekly Report GAAM 20 08 16″]
Sri Lankan rupee edges up as dollar sales surpass importer demand
Sept 05, 2016 (Reuters) – The Sri Lankan rupee was marginally higher on Monday, supported by exporter dollar sales and on lack of importer demand for the greenback, dealers said. The spot rupee was at 145.45/50 per dollar at 0553 GMT, slightly firmer from Friday’s close of 145.48/53, while one-week rupee forwards were at 145.60/65, […]
CDS celebrates 25 years in Sri Lankan capital market
Central Depository Systems (Pvt) Ltd (CDS), a fully owned subsidiary of the Colombo Stock Exchange (CSE), celebrates 25 years in the Sri Lankan Capital Market today. The CDS was established by the CSE in 1991, marking a historic breakthrough in clearing and settlement in Sri Lanka. The milestone was celebrated at a market opening ceremony […]
Sri Lankan rupee steady, remittances offset importer dlr demand
Sept 02, 2016 (Reuters) – The Sri Lankan rupee traded steady on Friday as dollar sales by banks from inward remittances offset importer dollar demand, dealers said. The spot rupee was at 145.50/55 per dollar at 0715 GMT, hardly changed from Thursday’s close of 145.50/57, while one-week rupee forwards were at 145.70/75 compared to Thursday’s close […]
Sri Lankan rupee firmer on bank dollar sales; stocks edge up
Sept 01, 2016 (Reuters) – The Sri Lankan rupee traded firmer on Thursday as dollar sales by banks on behalf of foreign investors to buy government securities surpassed the importer dollar demand, dealers said. The spot rupee was at 145.50/57 per dollar at 0455 GMT tad firmer from Wednesday’s close of 145.55/60, while one-week rupee […]
Asian shares ease, taking cue from Wall Street, oil slips
TOKYO, Aug 31 (Reuters) – Asian shares eased on Wednesday following modest losses on Wall Street, but were still on track for a monthly rise as investors waited to see if upcoming job data could prod the Federal Reserve into raising interest rates as soon as September. MSCI’s broadest index of Asia-Pacific shares outside Japan […]
Sri Lankan rupee steady ahead of cenbank policy rate meeting
Aug 30, 2016 (Reuters) – The Sri Lankan rupee traded steady on Tuesday ahead of a central bank policy meeting later in the day, as exporter dollar sales offset mild importer demand for the greenback, dealers said. The central bank is expected to keep its key interest rates steady at the monetary policy rate meeting, […]