Category: Economy and Markets
Sri Lanka stocks close up 1.7-pct
Dec 01, 2014 (LBO) – Sri Lanka’s stocks closed higher with the price gains of index heavy John Keells Holdings and Commercial Bank amid net foreign buying, brokers said. Foreign investors bought 320.98 million rupees worth shares while selling 237.19 million rupees worth shares. Commercial Bank of Ceylon closed 6.30 rupees higher at 164.90 rupees […]
Sri Lanka inflation declines in November 2014: Amid rise in food prices
Nov 29, 2014 (LBO) – Sri Lanka’s inflation, continued its decelerating trend observed since June 2013 and reached 1.5 percent in November 2014 compared to 1.6 percent in October on an annual average basis which is lowest since November 2009, the Central bank of Sri Lanka said in a media release. The data is based […]
Sri Lanka to handover gold that recovered from LTTE banks to rightful owners
Nov 27, 2014 (LBO) – The gold that recovered from illegally operated banks by LTTE will be handed over to their rightful owners by the government of Sri Lanka as a gesture of goodwill, a media report said. The government has identified about 2379 owners after going through stringent identification and verification process the report […]
Sri Lanka stocks close down 0.9-pct
Nov 27, 2014 (LBO) – Sri Lanka’s stocks closed 0.89 percent lower with telco and banking stocks losing ground despite net foreign buying, brokers said. Foreign investors bought 445.70 million rupees worth shares while selling 125.55 million rupees worth shares. Commercial Bank of Ceylon closed 7.40 rupees lower at 160.60 rupees and Sri Lanka Telecom […]
Sri Lanka stocks close down 0.8-pct
Nov 26, 2014 (LBO) – Sri Lanka’s stocks closed 0.82 percent lower with Index heavy John Keells Holdings and Nestle Lanka losing ground, brokers said. The Colombo benchmark All Share Price Index closed 59.64 points lower at 7,179.72, down 0.82 percent. The S&P SL20 closed 21.02 points lower at 4,024.70, down 0.52 percent. Turnover was […]
Sri Lanka Treasury bill yields frozen
Nov 26, 2014 (LBO) – Sri Lanka’s Treasury bill yields were flat at Wednesday’s auction with the 12-month yield unchanged at 6.00 percent, data from the state debt office showed. The debt office which is part of the island’s central bank not offered 3-month short term bills for the auction. 6-month yield was also frozen […]
Sri Lanka stocks close higher
Nov 25, 2014 (LBO) – Sri Lanka’s stocks closed 0.06 percent higher with the price gains of Nestle Lanka and C T Holdings, brokers said. Nestle Lanka closed 46.50 rupees higher at 2,157.50 rupees and C T Holdings closed 8.90 rupees higher at 149.00 rupees, contributing most to the index gain. Ceylon Tobacco Company closed […]
Sri Lankan government wins crucial budget vote 2015
Nov 24, 2014 (LBO) – The Sri Lankan government won a crucial vote in parliament to pass its budget for 2015 on Monday afternoon after days of speculation.The decision came after much speculation about the fate of the government if it failed to muster enough votes to have the budget passed by parliament. If the […]
ADB loans $150mn to develop green power and energy efficiency in Sri Lanka
Nov 24, 2014 (LBO) – The Asian Development Bank loans 150 million dollars as a the first tranche for the project of implementation of Green Power Development and Energy Efficiency Improvement Investment in Sri Lanka, a media release said. The total investment cost of program is estimated about 440 million US dollars and ADB has […]
Sri Lanka stocks near fifteen month intra day drop over political environment in the Island
Nov 24, 2014 (LBO) – Sri Lanka’s stocks closed 2.25 percent lower recording the highest intra-day drop in nearly fifteen months reflecting investor concerns over the current political environment prevailing in the island, a broker said. “Political uncertainties pushed the equities market deep into the red on Monday as ASI witnessed the highest intra-day drop […]
Sri Lanka stocks close higher
Nov 20, 2014 (LBO) – Sri Lanka’s stocks closed 0.07 percent higher with the price gains in Nestle Lanka, brokers said. The Colombo benchmark All Share Price Index closed 5.23 points higher at 7,530.33, up 0.07 percent. The S&P SL20 closed 2.12 points higher at 4,190.93, up 0.05 percent. Turnover was 1.69 billion rupees, down […]
Sri Lanka stocks close down 0.3-pct
Nov 19, 2014 (LBO) – Sri Lanka’s stocks closed 0.31 percent lower with telco, tobacco and diversified stocks losing ground, brokers said. Foreign investors bought 220.62 million rupees worth shares while selling 76.44 million rupees worth shares. Carson Cumberbatch closed 18.90 rupees lower at 456.00 rupees and Ceylon Tobacco Company closed 18.00 rupees lower at […]