Category: Economy and Markets
Sri Lanka stocks close higher at 0.02-pct
May 11, 2015 (LBO) – Sri Lanka’s stocks closed higher at 0.02 percent with active trading seen in the livestock and some baking sector stocks, brokers said. The Colombo benchmark All Share Price Index closed 1.16 points higher at 7,213.63 up 0.02 percent. The S&P SL20 closed 6.72 points higher at 4,065.34 up 0.17 percent. […]
Sri Lanka stocks close flat
May 08, 2015 (LBO) – Sri Lanka’s stocks closed flat with investors continuing to take profits, brokers said. The Colombo benchmark All Share Price Index closed 0.43 points lower at 7,212.47 down 0.01 percent. The S&P SL20 closed 0.77 points lower at 4,058.77 down 0.02 percent. Turnover was 633.7 million rupees down from 1.16 billion […]
Sri Lanka exports up 5.8-pct in Feb; imports rise at a faster 7.7-pct
May 08, 2015 (LBO) – Sri Lanka’s exports rose 5.8 percent to 891.4 million US dollars in February 2015 from a year earlier driven by apparel exports, official data showed.Apparel exports rose 6.0 percent to 419.9 million US dollars and other industrial exports rose 15.8 percent to 117.6 million US dollars. Petroleum product exports rose […]
Sri Lanka in talks with ADB to double annual funding to $1.2bn
May 08, 2015 (LBO) – Sri Lanka’s new administration is discussing with the Asian Development Bank (ADB) to double its annual funding up to 1.2 billion US dollars, Finance Minister Ravi Karunanayake said.The funds would be utilised by the Government for development initiatives, budgetary allocations, capacity development and debt relief, he said. “We used to […]
Sri Lanka stocks close up 0.3-pct
May 07, 2015 (LBO) – Sri Lanka’s stocks closed higher at 0.29 percent, helped by yesterday’s Treasury Bill yield drop, brokers said. The Colombo benchmark All Share Price Index closed 20.61 points higher at 7,212.90 up 0.29 percent. The S&P SL20 closed 3.63 points higher at 4,062.61 higher 0.09 percent. Turnover was 1.16 billion rupees […]
Sri Lanka CDS to host regional training seminar for depositories
May 07, 2015 (LBO) – Sri Lanka Central Depository Systems (CDS) is to host the annual cross training seminar of the Asia-Pacific Central Securities Depository Group (ACG) in Colombo.CDS, a fully owned subsidiary of the Colombo Stock Exchange will host the event for the first time next Tuesday and Wednesday, CSE said in a statement. […]
Sri Lanka stocks close down 0.14-pct
May 06, 2015 (LBO) – Sri Lanka’s stocks closed lower at 0.14 per cent, with investors taking profits from the market, brokers said. The Colombo benchmark All Share Price Index closed 9.82 points lower at 7,192.29 down 0.14 per cent. The S&P SL20 closed 5.15 points lower at 4,058.98 down 0.13 per cent. Turnover was […]
Sri Lanka’s Treasury bill yields drop: Central Bank
May 06, 2015 (LBO) – Sri Lanka’s Treasury bill yields were down at Wednesday’s auction with the 12-month yield dropping 04 basis points to 6.35 per cent, data from the state debt office showed.It was decided to accept 10,762 million rupees from the auction of 12 month yield.Data showed that 6-month yield was down, six […]
Sri Lanka’s Treasury bill yields drop: Central Bank
May 06, 2015 (LBO) – Sri Lanka’s Treasury bill yields were down at Wednesday’s auction with the 12-month yield dropping 04 basis points to 6.35 per cent, data from the state debt office showed.Treasury bills of 3,000 million rupees for 3 months, 7,000 million rupees for six months and 15,000 million rupees for twelve months […]
“Investing in stock market is risky business”: Ceylon Tobacco Company
May 05, 2015 (LBO) – Sri Lanka’s Ceylon Tobacco Company said even though investing in the stock market is a risky business, returns are high.“Investing in the stock market is a risky business, but you can get a high return if you understand what you are doing and invest in the right companies,” Felicio Ferraz, […]
Sri Lanka stocks close up 0.32-pct
May 05, 2015 (LBO) – Sri Lanka’s stocks closed higher at 0.32 per cent, with the banking and apparel sector stocks trading actively, brokers said. The Colombo benchmark All Share Price Index closed 23.11 points higher at 7,202.11 up 0.32 per cent. The S&P SL20 closed 10.71 points higher at 4,064.16 up 0.26 per cent. […]
Sri Lanka should strive for better balance between social development and wealth creation: Economist
May 05, 2015 (LBO) – Sri Lanka has good social development indicators but lack the appropriate balance between social development and wealth creation, a senior economist said. “Sri Lanka has been extremely successful in terms of social development according to the United Nations Millennium Development Goals (MDGs) but has not been able to achieve the […]