Category: Economy and Markets
Sri Lanka shares close up 0.1-pct
June 26, 2014 (LBO) – Sri Lanka’s shares closed 0.10 percent higher for the third consecutive day with banking stocks gaining amid thin foreign participation, brokers said. The Colombo benchmark All Share Price Index closed 6.61 points higher at 6,328.16, up 0.10 percent. The S&P SL20 closed 5.99 points higher at 3,507.54, up 0.17 percent. […]
Sri Lanka macro-prudential indicator may be upgraded: Fitch official
June 25, 2014 (LBO) – A Macro Prudential Indicator for Sri Lanka which was downgraded to ‘3’, may be lifted in the future as risks recede, amid slower credit growth, a top Fitch Ratings official said.Mark Young head of Asia Pacific Financial Institutions at Fitch Ratings said with weaker credit growth there was room for […]
Sri Lanka Treasuries edge lower
June 25, 2014 (LBO) – Sri Lanka’s Treasuries yield eased lower across maturities at Wednesday’s auction, data from the state debt office said. The debt office said 1.00 billion rupees in 3-month bills, 1.00 billion in 6-month bills and 20.00 billion in one year bills totaling 22.00 billion rupees were sold after offering 12.00 billion […]
Sri Lanka shares close up 0.2-pct
June 25, 2014 (LBO) – Sri Lanka’s shares closed 0.17 percent higher with index heavy John Keells Holdings contributing most to the index gain for the second straight session amid net foreign buying, brokers said. The Colombo benchmark All Share Price Index closed 10.68 points higher at 6,321.55, up 0.17 percent. The S&P SL20 closed […]
Sri Lanka shares close up 0.2-pct
June 24, 2014 (LBO) – Sri Lanka’s shares closed 0.18 percent higher with index heavy John Keells Holdings gaining amid strong foreign buying, brokers said. The Colombo benchmark All Share Price Index closed 11.52 points higher at 6,310.87, up 0.18 percent. The S&P SL20 closed 21.19 points higher at 3,496.12, up 0.61 percent. Turnover was […]
Sri Lanka sells US$239.4mn 3-year bonds
June 23, 2014 (LBO) – Sri Lanka has sold 239.5 million US dollars in 3-year bonds to at price of 375 basis points above the 6-monmth London interbank offered rate, the state debt office said. The bonds are sold to domestic banks and investors who are allowed have dollar assets. The market was offered 50 […]
Sri Lanka shares close lower
June 23, 2014 (LBO) – Sri Lanka’s shares closed 0.05 percent lower for the forth straight day amid strong foreign selling, brokers said. Sri Lanka Telecom closed 1.30 rupees higher at 47.90 rupees and Dialog Axiata closed flat at 10.40 rupees. Cargills Ceylon closed 6.20 rupees higher at 152.50 rupees and Ceylon Tobacco Company closed […]
Sri Lanka banks managing risks, credit upturn expected: Fitch official
June 23, 2014 (LBO) – Sri Lanka’s banking system is managing the risks of bad loans especially from gold-backed loans but high credit growth targets by some banks are a concern, a top Fitch Ratings official said.Bad loans in Sri Lanka’s banking system spiked after low interest rates up to 2011 set off a credit […]
‘s foreign reserves at US$8.9bn in April 2014
June 22, 2014 (LBO) – Sri Lanka’s foreign reserves rose to 8.9 billion US dollars in June 2014 from 8.05 billion in March, boosted by foreign borrowings and weak credit that reduced outflows, official data showed.The Central Bank said foreign reserves were now equal to 5.9 months of imports. The central bank has been buying […]
Sri Lanka warned it may suffer same fate as Vietnam
June 21, 2014 (LBO) – Sri Lanka’s Communist Party recognized Vietnam’s claims to islands which are at a centre of a dispute with China a top official said, amid warnings that Sri Lanka could suffer the same fate from aggressive large nations. “As far as we are concerned we recognize the right of the Vietnamese […]
Sri Lanka shares close down 0.2-pct
June 20, 2014 (LBO) – Sri Lanka’s shares closed 0.17 percent lower for the third straight session amid strong foreign selling, brokers said. The Colombo benchmark All Share Price Index closed 10.75 points lower at 6,302.45, down 0.17 percent. The S&P SL20 closed 11.81 points lower at 3,478.86, down 0.34 percent. Turnover was 1.21 billion […]
Sri Lanka stocks close down 0.1-pct
June 19, 2014 (LBO) – Sri Lanka’s stocks closed 0.07 percent lower with index heavy John Keells Holdings losing ground despite net foreign buying, brokers said. Ceylon Tobacco Company closed 5.00 rupees lower at 990.00 rupees and Nestle Lanka closed 52.00 rupees higher at 1,975.00 rupees. Hayleys closed 6.80 rupees lower at 292.20 rupees and […]