Category: Economy and Markets
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 […]
”’ by Fitch
July 30, 2014 (LBO) – Sri Lanka’s first dollar bond fund to be launched by Ceylon Asset Management has been rated ‘BB-‘ the same as the government based on its expected exposure to government securities. The fund will also invest in dollar denominated bonds by licensed banks and corporates. Fitch Rates Ceylon Dollar Bond Fund […]
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 […]
Sri Lanka cautioned on foreign borrowings by IMF, inflation watch urged
July 30, 2014 (LBO) – The International Monetary Fund has cautioned Sri Lanka on foreign borrowings by the state and banks and urged authorities to watch inflation closely and be prepared to raise rates.“Recent improvements in the trade and current account balances notwithstanding, Sri Lanka remains vulnerable to external shocks,” the IMF’s executive board said […]
Sri Lanka launches dollar mutual fund to draw foreign investors
July 30, 2014 (LBO) – Ceylon Asset Management (CAM) has launched a dollar denominated mutual fund that will invest in sovereign debt and securities issued by rated banks and firms in Sri Lanka.CAM Managing Director Dulindra Fernando said the fund expects to draw foreign investors with a target return of over 4 percent a year. […]
Sri Lanka shares close up 0.3-pct
July 30, 2014 (LBO) – Sri Lanka’s shares closed 0.26 percent higher on Wednesday with Ceylon Tobacco Company gaining amid net foreign buying, brokers said. The Colombo benchmark All Share Price Index closed 17.57 points higher at 6,801.84, up 0.26 percent. The S&P SL20 closed 6.75 points higher at 3,768.18, up 0.18 percent. Turnover was […]
Sri Lanka shares close higher
July 28, 2014 (LBO) – Sri Lanka’s shares closed higher on Monday with oil palm firms gaining amid weak foreign buying, brokers said. The Colombo benchmark All Share Price Index closed 0.63 points higher at 6,784.27, up 0.01 percent. The S&P SL20 closed 3.47 points lower at 3,761.43, down 0.09 percent. Turnover was 493.10 million […]