Category: Economy and Markets
Sri Lanka stocks close up 0.1-pct
Aug 08, 2014 (LBO) – Sri Lanka’s stocks closed 0.15 percent higher with Distilleries gaining amid strong foreign buying, brokers said. The Colombo benchmark All Share Price Index closed 10.05 points higher at 6,918.23, up 0.15percent. The S&P SL20 closed 11.84 points higher at 3,801.87, up 0.31 percent. Turnover was 1.58 billion rupees, down from […]
Sri Lanka to pave A5 road with an investment of $140 mn
(08, Aug, 2014 LBO)- Sri Lanka will rebuild 151.3 kilometers of road from Badulla to Chenkaladi with an estimated cost of 140 million US dollars, a statement said. The road will be rebuild with funds taken from OPEC fund for International development and the Saudi Fund for Development ( SFD) with the balance contribution being […]
Sri Lanka debt profile improves mid-year: Central Bank
Aug 08, 2014 (LBO) – Sri Lanka’s state debt statistics has improved by mid 2014 with public debt to gross domestic product falling to 7.4.3 percent, and foreign debt falling to 32.9 percent, the Central Bank said.Domestic debt was 44.3 percent of projected GDP down from 44.2 percent in December and down from 86.2 percent […]
Sri Lanka stocks close up 1.1-pct
Aug 07, 2014 (LBO) – Sri Lanka’s stocks closed 1.10 percent higher recording over two billion rupees in turnover with tobacco stocks gaining amid strong foreign buying, brokers said. Foreign investors bought 737.17 million rupees worth shares while selling 312.60 million rupees worth shares. Ceylon Tobacco Company closed 28.70 rupees higher at 1,159.30 rupees, contributing […]
Sri Lanka stocks close up 0.3-pct
Aug 06, 2014 (LBO) – Sri Lanka’s stocks closed 0.26 percent higher with index heavy stocks gaining despite net foreign buying, brokers said. Distilleries closed 2.30 rupees higher at 204.00 rupees and Ceylon Tobacco Company closed 6.60 rupees lower at 1,130.60 rupees. The Colombo benchmark All Share Price Index closed 17.84 points higher at 6,833.26, […]
Sri Lanka stocks close down 0.1-pct
Aug 05, 2014 (LBO) – Sri Lanka’s stocks closed 0.10 percent lower with Ceylon Tobacco Company losing ground despite net foreign buying, brokers said. The Colombo benchmark All Share Price Index closed 6.73 points lower at 6,815.42, down 0.10 percent. The S&P SL20 closed 17.30 points lower at 3,743.03, down 0.46 percent. Turnover was 1.57 […]
Sri Lanka stocks close up 0.2-pct
Aug 04, 2014 (LBO) – Sri Lanka’s stocks closed 0.18 percent higher with Ceylon Tobacco Company gaining amid strong domestic participation, brokers said. JKH’s W0022 warrants closed 10 cents higher at 64.20 rupees and its W0023 warrants closed 50 cents lower at 71.00 rupees. Dialog Axiata closed 10 cents higher at 10.90 rupees and Sri […]
Sri Lanka stocks close lower
Aug 01, 2014 (LBO) – Sri Lanka’s stocks closed 0.06 percent lower with Ceylon Tobacco Company losing ground amid net foreign selling, brokers said. The Colombo benchmark All Share Price Index closed 3.77 points lower at 6,810.13, down 0.06 percent. The S&P SL20 closed 13.09 points lower at 3,759.42, down 0.35 percent. Turnover was 775.04 […]
‘s UDA to sell Rs30bn listed debt
Aug 01, 2014 (LBO) – Sri Lanka’s Urban Development Authority is planning to sell up to 30 billion rupees of Treasury guarantee listed debt in three tranches, Chairman Nimal Perera said.The cash will used to build 30,000 houses he said. The sale will be managed by state-run People’s Bank. The agency wants to first sell […]
Sri Lanka stocks close up 0.2-pct
July 31, 2014 (LBO) – Sri Lanka’s stocks closed 0.18 percent higher Thursday amid strong foreign buying, brokers said. The Colombo benchmark All Share Price Index closed 12.06 points higher at 6,813.90, up 0.18 percent. The S&P SL20 closed 4.33 points higher at 3,772.51, up 0.11 percent. Turnover was 1.05 billion rupees, up from 973.71 […]
Sri Lanka inflation accelerates to 3.6-pct in July
July 31, 2014 (LBO) – Sri Lanka’s consumer prices rose 3.6 percent in the 12 months to July 2014, with inflation accelerating from 2.8 percent in June, official data showed.The International Monetary Fund said yesterday credit has been slow, but inflation has to be watched and the Central Bank should be prepared to raise rates […]
Sri Lanka Treasuries yields plunge to four decade lows
July 30, 2014 (LBO) – Sri Lanka’s three and six month Treasuries yields have dropped below the overnight cash withdrawal policy rate, plunging to levels not seen since the mid 1970s, official data showed.But in 2014 weak credit has put upward pressure on the currency and the Central Bank is withdrawing liquidity instead of injecting […]