Category: Economy and Markets
Sri Lanka, India in mutual forex reserve investment pact
July 24, 2014 (LBO) – Central Bank of Sri Lanka and the Reserve Bank of India has inked a deal to buy up to 500 million dollars worth of securities in each other’s governments, in a bid to diversify reserve assets.July 24, 2014 (LBO) – Central Bank of Sri Lanka and the Reserve Bank of […]
Sri Lanka shares close lower
July 24, 2014 (LBO) – Sri Lanka’s shares closed 0.04 percent lower on Thursday with index heavy stocks losing ground, brokers said. Carson Cumberbatch closed 9.60 rupees lower at 480.00 rupees and Good Hope closed 440.00 rupees lower at 1,500.00 rupees, contributing most to the index drop. Sri Lanka Telecom closed 80 cents lower at […]
Sri Lanka shares close down 0.2-pct
July 23, 2014 (LBO) – Sri Lanka’s shares closed 0.18 percent lower with index heavy John Keells Holdings losing ground despite net foreign buying, brokers said. Foreign investors bought 303.72 million rupees worth shares while selling 60.94 million rupees worth shares. John Keells Holdings closed 4.60 rupees lower at 239.90 rupees, contributing most to the […]
‘s Ceylon Cold Stores net up 87-pct in June quarter
July 23, 2014 (LBO) – Profits at Sri Lanka’s Ceylon Cold Stores, which has interests in consumer goods and retailing, surged 87 percent to 299.3 million rupees in the June 2014 quarter from a year earlier as revenues rose 18 percent. Sri Lanka is recovering from a balance of payments crisis where consumer spending power […]
Sri Lanka stocks close up 0.6-pct
July 22, 2014 (LBO) – Sri Lanka’s stocks closed 0.59 percent higher with diversified stocks gaining amid net foreign buying, brokers said. Carson Cumberbatch closed 22.00 rupees higher at 490.00 rupees, contributing most to the index gain. Sri Lanka Telecom closed 1.10 rupees higher at 56.40 rupees and Ceylinco Insurance closed 80.00 rupees higher at […]
Sri Lanka stocks close up 0.5-pct
July 21, 2014 (LBO) – Sri Lanka’s stocks closed 0.51 percent higher with diversified stocks gaining despite net foreign selling, brokers said. Carson Cumberbatch closed 10.00 rupees higher at 468.00 rupees and John Keells Holdings closed 1.70 rupees higher at 246.70 rupees. JKH’s W0022 warrants closed 2.90 rupees higher at 66.90 rupees and its W0023 […]
Sri Lanka bank credit subdued in May: data
July 21, 2014 (LBO) – Sri Lanka’s loans to private business from commercial banks slipped 7.9 billion rupees in May 2014 from a year earlier while credit to the state and state enterprises also contracted, official data shows.Private credit has contracted in four out of five months this year and is down 60 billion rupees […]
Sri Lanka stocks close flat
July 18, 2014 (LBO) – Sri Lanka’s stocks closed with a lackluster note on Friday amid low foreign participation, brokers said. Foreign investors bought 113.33 million rupees worth shares while selling 50.92 million rupees worth shares. Ceylon Tobacco Company closed 9.50 rupees higher at 1,112.00 rupees and Nestle Lanka closed 9.20 rupees higher at 2,110.00 […]
Sri Lanka shares close down 0.3-pct
July 17, 2014 (LBO) – Sri Lanka’s shares closed 0.31 percent lower on Thursday despite net foreign buying, brokers said. E-Channelling closed 1.10 rupees higher at 16.80 rupees, attracting most number of trades during the day. Foreign investors bought 189.13 million rupees worth shares while selling 26.49 million rupees worth shares. Sri Lanka Telecom closed […]
Sri Lanka shares close up 0.2-pct
July 16, 2014 (LBO) – Sri Lanka’s shares closed 0.22 percent higher on Wednesday with continued foreign inflows extending gains further, brokers said. Foreign investors bought 452.04 million rupees worth shares while selling 125.62 million rupees worth shares. Bukit Darah closed 25.30 rupees higher at 700.00 rupees, contributing most to the index gain. Carson Cumberbatch […]
Sri Lanka shares close up 0.4-pct
July 15, 2014 (LBO) – Sri Lanka’s stocks closed 0.43 percent higher with diversified stocks gaining despite strong foreign buying and selling, brokers said. The Colombo benchmark All Share Price Index closed 28.76 points higher at 6,727.79, up 0.43 percent. The S&P SL20 closed 29.03 points higher at 3,750.26, up 0.78 percent. Turnover was 2.19 […]
Sri Lanka stocks close up 0.6-pct
July 14, 2014 (LBO) – Sri Lanka’s stocks closed 0.56 percent higher on Monday extending the gains of food, beverages and tobacco sector amid low foreign participation, brokers said. The Colombo benchmark All Share Price Index closed 37.63 points higher at 6,699.03, up 0.56 percent. The S&P SL20 closed 13.07 points higher at 3,721.23, up […]