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 […]

Sri Lanka banks urged to tighten spreads amid slow credit

July 14, 2014 (LBO) – Sri Lanka’s Central Bank held policy rates at 6.50 and 8.00 percent and urged banks to tighten spreads to lower lending rates as private sector credit demand remained weak.In May credit to the central government from the banking sector has fallen by 11.5 billion rupees and loans to state enterprise […]

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 […]

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, […]

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 […]

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