Category: Economy and Markets
Sri Lanka shares close up 0.3-pct
Aug 20, 2014 (LBO) – Sri Lanka’s shares closed near the key psychological barrier of 7,000 points on Wednesday recording the highest close since August 2011, brokers said. Dialog Axiata closed 30 cents higher at 11.40 rupees, contributing most to the index gain. Commercial Leasing and Finance closed 20 cents higher at 4.50 rupees and […]
Sri Lanka facilitates infrastructure to attract investors into rural
Aug 20, 2014 (LBO) – Sri Lanka to open up five factories in every district in the county and to widen the facilities for investors who goes into the rural areas, a minister said. The country is targeting a 7000 US dollar per capita income by 2020 and expecting 4000 US dollar per capita income […]
Sri Lanka Treasuries edge lower
Aug 20, 2014 (LBO) – Sri Lanka’s Treasuries yield eased lower at Wednesday’s auction without accepting any bid for the three month, data from the state debt office showed. The 6-month yield fell 02 basis points to 6.28 percent and the 12-month yield fell 01 basis point to 6.30 percent. The debt office said 556.00 […]
Sri Lanka shares close up 0.1-pct
Aug 19, 2014 (LBO) – Sri Lanka’s shares closed in the green Tuesday, recording the highest turnover since March 2012 with the off-market transactions of John Keells Holdings despite strong foreign selling, brokers said. Index heavy John Keells Holdings contributed most to the index gain. Dialog Axiata closed 10 cents higher at 11.10 rupees and […]
Sri Lanka shares close up 0.4-pct
Aug 18, 2014 (LBO) – Sri Lanka’s shares closed 0.44 percent higher, reversing the losses incurred last Friday with telco and tobacco stocks gaining, brokers said. The aggregate value of all off-the-floor deals represented 41 percent of the turnover. MTD Walkers closed 5.30 rupees higher at 41.70 rupees, attracting most number of trades during the […]
Sri Lanka stocks close down 0.4-pct
Aug 15, 2014 (LBO) – Sri Lanka’s stocks closed 0.42 percent lower on Friday with tobacco stocks losing ground amid strong foreign selling, brokers said. The Colombo benchmark All Share Price Index closed 29.24 points lower at 6,943.85, down 0.42percent. The S&P SL20 closed 7.79 points lower at 3,820.98, down 0.20 percent. Turnover was 2.93 […]
Sri Lanka policy rates to be steady: Central Bank
Aug 15, 2014 (LBO) Sri Lanka unchanged a policy rate corridor at 6.5 to 8.0 percent in order to remain broadly on target in 2014 with low inflation the Central Bank in its August monetary policy review. Credit to private sector has grown by eight million rupees in June although the private sector credit growth […]
Sri Lanka stocks close up 0.3-pct
Aug 14, 2014 (LBO) – Sri Lanka’s stocks closed 0.27 percent higher on Thursday with tobacco stocks gaining amid strong foreign buying, brokers said. The Colombo benchmark All Share Price Index closed 18.95 points higher at 6,973.09, up 0.27percent. The S&P SL20 closed 8.51 points higher at 3,828.77, up 0.22 percent. Turnover was 2.01 billion […]
Sri Lanka needs to think beyond USD 4000 per capita income: Chamber Official
August 14, 2014 (LBO) – Sri Lanka’s private sector should foresee the needs of the future customer and armed themselves to cater to the demand of the customer who will earn 7000 US dollar per capita in 2020, Chamber official said. Sri Lanka is set to achieve a USD 4,000 per capita in 2015 and […]
Sri Lanka stocks close up 0.1-pct
Aug 13, 2014 (LBO) – Sri Lanka’s stocks closed in the green on Wednesday with beverage stocks gaining while tobacco stocks losing ground, brokers said. The Colombo benchmark All Share Price Index closed 6.24 points higher at 6,954.14, up 0.09percent. The S&P SL20 closed 2.74 points higher at 3,820.26, up 0.07 percent. Turnover was 1.82 […]
Sri Lanka Treasuries edge lower
Aug 13, 2014 (LBO) – Sri Lanka’s Treasuries yields dropped across maturities at Wednesday’s auction with the 12-month yield falling 14 basis points to 6.31 percent, data from the state debt office showed. The debt office said 1.00 billion rupees in 3-month bills, 2.00 billion in 6-month bills and 10.59 billion in one year bills […]
Sri Lanka shares close up 0.1-pct
Aug 12, 2014 (LBO) – Sri Lanka’s shares closed in a positive territory on Tuesday with index heavy tobacco stocks gaining amid net foreign buying, brokers said. The Colombo benchmark All Share Price Index closed 4.98 points higher at 6,947.90, up 0.07percent. The S&P SL20 closed 1.02 points lower at 3,817.52, down 0.03 percent. Turnover […]