Category: Economy and Markets
Sri Lanka stocks close down 0.9-pct
Oct 10, 2014 (LBO) – Sri Lanka’s stocks closed 0.88 percent lower with tobacco and banking stocks losing ground amid strong foreign selling, brokers said. The Colombo benchmark All Share Price Index closed 65.08 points lower at 7,321.00, down 0.88 percent. The S&P SL20 closed 41.33 points lower at 4,110.02, down 1.00 percent. Turnover was […]
‘s 2015 budget is not targeted at elections: Treasury Secretary
Oct 09, 2014 (LBO) – Sri Lanka’s budget for the year 2015 is more towards development rather than catering to mere election purposes, Treasury Secretary P B Jayasundera said. The 2015 budget will be presented to the parliament on 24, October 2014. “Although there was a reference made in the last weekend media that the […]
Sri Lanka stocks close down 0.13-pct
Oct 09, 2014 (LBO) – Sri Lanka’s stocks closed lower with tobacco and diversified stocks losing ground amid thin foreign participation, brokers said. Ceylon Tobacco Company closed 9.90 rupees lower at 1,150.10 rupees and John Keells Holdings closed 1.10 rupees lower at 252.00 rupees, contributing most to the index drop. JKH’s W0022 warrants closed 60 […]
Sri Lanka external trade expands in August
Oct 09, 2014 (LBO) – Sri Lanka’s exports rose 7.9 percent, to 991.3 million US dollars in August 2014 from a year earlier with 85.6 percent contribution of apparel exports, official data showed. Apparel exports grew 17.0 percent to 428.6 million US dollars in August 2014, the Central Bank said. Exports of machinery and mechanical […]
Sri Lanka stocks close down 0.14-pct
Oct 07, 2014 (LBO) – Sri Lanka’s stocks closed with losses due to negative price movements in index heavy John Keells Holdings, brokers said. The Colombo benchmark All Share Price Index closed 10.59 points lower at 7,396.01, down 0.14 percent. The S&P SL20 closed 9.67 points lower at 4,150.64, down 0.23 percent. Turnover was 1.74 […]
Sri Lanka Central Bank Governor answers question from public
Oct 03, 2014 (LBO) – Sri Lanka Central Bank Governor Nivard Cabraal held a question and answer from public on 24th September, 2014 via twitter, a social network. The live Q n A session took place via twitter account of #askcbsl at 10 am to 11 am (SL time). Media Release by Central Bank of […]
Sri Lanka fund manager hopes to target wider base
Oct 04, 2011 (LBO) – A newly-licensed start up fund manager says it is expecting to bring in potential investors who lack the knowledge and experience of English speaking Colombo-based investors to enter equity markets, officials said.Dhammika Herath, chairman of First Class International Funds, says the Securities and Exchange Commission licensed the firm as a […]
Sri Lanka stocks close up 0.8-pct
Oct 03, 2014 (LBO) – Sri Lanka’s stocks closed 0.76 percent higher with banking stocks gaining amid continued strong foreign buying, brokers said. The Colombo benchmark All Share Price Index closed 55.55 points higher at 7,406.60, up 0.76 percent. The S&P SL20 closed 52.95 points higher at 4,160.31, up 1.29 percent. Turnover was 4.39 billion […]
Sri Lanka stocks close up 0.6-pct
Oct 01, 2014 (LBO) – Sri Lanka’s stocks closed 0.56 percent higher with telco and diversified stocks gaining amid net foreign buying, brokers said. The Colombo benchmark All Share Price Index closed 40.94 points higher at 7,293.08, up 0.56 percent. The S&P SL20 closed 26.81 points higher at 4,065.11, up 0.66 percent. Turnover was 2.65 […]
‘s inflation at 4.2-pct in September 2014: Central Bank
Oct 01, 2014 (LBO) –Sri Lanka inflation continued its decelerating trend observed since June 2013 and reached 4.2 per cent in September 2014 from to 4.5 per cent in August 2014, on an annual average basis the Central bank of Sri Lanka said in a media release. The data is based on the change in […]
Sri Lanka rejects all treasury bids
Oct 01, 2014 (LBO) – Sri Lanka has rejected all treasury bids at a weekly auction on Wednesday, the government’s debt office said.The debt office which is part of the island’s central bank said it has offered 1.5 billion rupees in 6-month bills and 4.5 billion rupees in 12-month bills. The office did not offer […]
Sri Lanka stocks close up 0.2-pct
Sep 30, 2014 (LBO) – Sri Lanka’s stocks closed 0.19 percent higher with conglomerate John Keells Holdings gaining despite continued strong foreign selling, brokers said. Dunamis Capital closed 1.40 rupees lower at 37.50 rupees and Janashakthi Insurance closed 40 cents lower at 23.70 rupees, attracting most number of trades during the day. Foreign investors bought […]