Category: Economy and Markets
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 slams US over travel warning
COLOMBO, August 12, 2014 (AFP) – Sri Lanka accused the United States Monday of creating a “false and alarmist view” after Washington warned of possible violence on the island and said anti-Western sentiment was rising.The travel warning was issued after an opposition party staged a peaceful protest outside the US embassy in Colombo over Israeli […]
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 […]
Sri Lanka stocks close up 0.4-pct
Aug 11, 2014 (LBO) – Sri Lanka’s stocks closed 0.36 percent higher with the turnover crossing one billion rupee mark amid net foreign buying, brokers said. Foreign investors bought 182.33 million rupees worth shares while selling 91.36 million rupees worth shares. CT Holdings closed 11.40 rupees higher at 159.90 rupees and Dialog Axiata closed 20 […]