Category: Economy and Markets
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 […]
Sri Lanka shares close down 0.1-pct
July 11, 2014 (LBO) – Sri Lanka’s shares closed 0.11 percent lower ending a seven day winning streak with banking stocks losing ground, brokers said. Foreign investors bought 331.41 million rupees worth shares while selling 230.47 million rupees worth shares. Carson Cumberbatch closed 10.00 rupees lower at 420.00 rupees and Commercial Bank closed 2.20 rupees […]
HSBC India chief at Sri Lanka business forum
July 10, 2014 (LBO) – Sri Lanka’s Ceylon Chamber of Commerce said HSBC India Chairperson Naina Lal Kidwai will deliver the keynote address at its annual business forum.Naina Lal Kidwai, Chairperson of HSBC India, will speak on the second day of “Sri Lanka Economic Summit” organized by the Chamber on August 05 and August 06.Naina […]
Sri Lanka shares close up 0.8-pct
July 10, 2014 (LBO) – Sri Lanka’s shares closed 0.83 percent higher with tobacco stocks gaining amid strong foreign buying, brokers said. The Colombo benchmark All Share Price Index closed 55.02 points higher at 6,668.86, up 0.83 percent. The S&P SL20 closed 29.08 points higher at 3,735.14, up 0.78 percent. Turnover was 2.36 billion rupees, […]
Sri Lanka shares close up 0.7-pct
July 09, 2014 (LBO) – Sri Lanka’s shares closed 0.73 higher on Wednesday crossing the 6,600 mark despite net foreign selling, brokers said. The Colombo benchmark All Share Price Index closed 48.03 points higher at 6,613.84, up 0.73 percent. The S&P SL20 closed 29.95 points higher at 3,706.06, up 0.81 percent. Turnover was 2.89 billion […]
Sri Lanka demand for water pipes, electrical switches seen recovering
July 08, 2014 (LBO) – Demand for water pipes and electrical switches have weakened during the past year, but appear to have bottomed out, Central Industries, a maker of plastic-based water supply and electrical products has said.“The PVC industry is currently plagued with overcapacity as anticipated growth in demand in the post conflict era has […]
” rating confirmed on lower inflation, better SOE balances: S&P
July 8, 2014 (LBO) – Sri Lanka’s ‘B+’ rating was confirmed with a ‘stable’ outlook on lower inflation and better state enterprise performance despite weak institutions and high debt service, Standard and Poor’s, a rating agency said. S & P said there was a marked improvement in state-run Ceylon Electricity Board and Ceylon Petroleum Corporation […]
Sri Lanka stocks close up 1.0-pct
July 08, 2014 (LBO) – Sri Lanka’s stocks closed up 1.03 percent pushing the index to a four-month high with the favorable economic outlook boosting foreign investor sentiment, brokers said. Lion Brewery Ceylon closed 31.50 rupees higher at 524.90 rupees and Ceylon Beverage Holdings closed 14.60 rupees lower at 550.00 rupees. The Colombo benchmark All […]
Sri Lanka stocks close up 0.3-pct
July 07, 2014 (LBO) – Sri Lanka’s stocks closed 0.33 percent higher starting the week with a positive note despite net foreign selling, brokers said. Ceylinco Insurance closed 74.70 rupees higher at 1,399.90 rupees and Commercial Leasing and Finance closed 10 cents lower at 4.00 rupees. Oil palm firms Bukit Darah closed 19.70 rupees lower […]
Sri Lanka to get US$800mn ADB loan for roads
July 04, 2014 (LBO) – Sri Lanka will upgrade and maintain roads connecting more than 1,000 villages to the highways and expressways in a 906 million US dollars project with 800 million US dollars coming from the Asian Development Bank, a minister said.Sri Lanka has strengthened its road network especially after the end of a […]
Sri Lanka stocks close up 0.2-pct
July 04, 2014 (LBO) – Sri Lanka’s stocks closed 0.16 percent higher ending a week on a positive note with telco and diversified stocks gaining despite net foreign selling, brokers said. The Colombo benchmark All Share Price Index closed 10.23 points higher at 6,477.51, up 0.16 percent. The S&P SL20 closed 2.26 points higher at […]
Sri Lanka stocks close up 0.5-pct
July 03, 2014 (LBO) – Sri Lanka’s shares closed 0.54 percent higher on Thursday amid strong domestic participation, brokers said. The Colombo benchmark All Share Price Index closed 34.76 points higher at 6,467.28, up 0.54 percent. The S&P SL20 closed 30.48 points higher at 3,608.42, up 0.85 percent. Turnover was 1.51 billion rupees, down from […]