Category: Economy and Markets
Lower external funding needs buffer, EM Asia heading into US tightening : by Fitch
A year after the taper tantrum, emerging Asian sovereigns with the biggest external funding needs are generally reducing their degree of external vulnerability, although only modestly in most cases. Fitch projects Sri Lanka (BB-/Stable) will cut its gross external funding requirement (GXFR) the most between 2012 and 2014, relative to its foreign reserves, despite the […]
Sri Lanka stocks close down 0.3-pct
Aug 25, 2014 (LBO) – Sri Lanka’s stocks closed 0.34 percent lower with index heavy John Keells Holdings losing ground, brokers said. HVA Foods closed 1.50 rupees higher at 12.10 rupees, attracting most number of trades during the day. Foreign investors bought 567.51 million rupees worth shares while selling 122.41 million rupees worth shares. Index […]
Sri Lanka stocks close higher
Aug 22, 2014 (LBO) – Sri Lanka’s stocks closed in a positive territory Friday with index heavy stocks gaining amid strong foreign selling, brokers said. The aggregate value of all off-the-floor deals represented 50 percent of the turnover. Taprobane Holdings closed 70 cents higher at 5.20 rupees and Lanka Century Investments closed 90 cents higher […]
Sri Lanka FDI flows reach $817mn in the first half 2014
August 21,2014 (LBO) – Foreign direct investment flows to Sri Lanka in the first half of 2014 reached 817 million US dollars up 51 percent and the full year was expected to bring 2.5 billion US dollars, investment promotion minister Lakshman Abeywardena said. The money had come mainly from Krrish, Indian mixed development projects and […]
Sri Lanka stocks close up 0.1-pct
Aug 21, 2014 (LBO) – Sri Lanka’s stocks crossed the key psychological barrier of 7,000 points Thursday, reaching a three year high, brokers said. JKH’s W0022 warrants closed 40 cents higher at 70.40 rupees and its W0023 warrants closed flat at 80.00 rupees. Taprobane Holdings closed 1.80 rupees higher at 4.50 rupees and CT Holdings […]
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 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 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 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 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 […]