Category: Economy and Markets
Sri Lanka shares close up 0.5-pct
May 16, 2014 (LBO) – Sri Lanka’s stocks closed 0.48 percent higher with strong foreign buying amid Indian stock market moved up more than six percent to a record high on Friday, brokers said. Ceylon Tobacco Company closed 17.70 rupees higher at 1,089.50 rupees and Sri Lanka Telecom closed 1.40 rupees higher at 48.00 rupees, […]
Sri Lanka to get US83mn to improve dam safety
May 16, 2015 (LBO) – Sri Lanka’s will get an additional 83 million US dollars to improve safety at high risk dams, expanding an existing program covering the most vulnerable 32 reservoirs, the World Bank said.The dam network in Sri Lanka comprises over 350 large and medium dams. Many of these dams are aging and […]
Sri Lanka shares close down 0.3-pct
May 13, 2014 (LBO) – Sri Lanka’s shares closed 0.29 percent lower reversing the gains a day earlier with index heavy stocks losing ground, brokers said. The Colombo benchmark All Share Price Index closed 18.20 points lower at 6,284.96 down 0.29 percent. The S&P SL20 closed 1.92 points lower at 3,478.99, down 0.06 percent. Turnover […]
Sri Lanka stocks close up 0.3-pct
May 12, 2014 (LBO) – Sri Lanka’s stocks closed higher for the fourth consecutive day with diversified and hotel stocks gaining, brokers said. Dialog Axiata closed 10 cents higher at 9.50 rupees and Sri Lanka Telecom closed 40 cents higher at 47.50 rupees. Trans Asia Hotels closed 5.10 rupees higher at 94.90 rupees and John […]
Kotagala Plantations in Sri Lanka, to sell billion rupees of debt
May 12, 2014 (LBO) – Sri Lanka’s Kotagala Plantations, has been given the nod to sell up to a billion rupees in debt, the Colombo Stock Exchange said.The investment banking unit of People’s Bank will manage the sale.The firm will offer 5 million secured rated debt securities of 100 rupees each and another 5 million […]
Sri Lanka Treasuries yields flat
May 12, 2014 (LBO) – Sri Lanka Treasuries yields were steady at Wednesday’s auction, with just the 3-month yield down 01 basis point to 6.57 percent, data from the state debt office showed. The debt office offered 12 billion rupees in maturing debt and sold 16.2 billion rupees worth bills. The 6-month yield was flat […]
Sri Lanka shares close up 0.4-pct
May 08, 2014 (LBO) – Sri Lanka’s shares closed 0.37 percent higher for the second consecutive day with index heavy stocks gaining amid net foreign buying, brokers said. The Colombo benchmark All Share Price Index closed 23.13 points higher at 6,275.73 up 0.37 percent. The S&P SL20 closed 12.81 points higher at 3,446.76, up 0.37 […]
‘s First Capital offers medium term fixed rate Treasury repos
May 07, 2014 (LBO) – First Capital Treasuries said it has launched a 3,4 and 5-year investment instrument backed by Sri Lanka government bonds that paid a fixed return.For a minimum investment of 1 million rupees investors could buy a ‘First Capital Treasuries Platinum Bond’.A 3-year instrument had an annual effective rate of 7.87 percent, […]
Sri Lanka shares close up 0.4-pct
May 07, 2014 (LBO) – Sri Lanka’s shares close 0.43 percent higher with index heavy stocks gaining amid strong foreign buying, brokers said. Ceylon Grain Elevators closed 2.50 rupees lower at 36.20 rupees and Softlogic Holdings closed 70 cents higher at 12.50 rupees, attracting most number of trades. Foreign investors bought 410.36 million rupees worth […]
‘s 2014 economic growth upgraded to 7.0-pct by IMF
May 06, 2014 (LBO) – Sri Lanka’s economic growth forecast for 2014 has been upgraded to 7.0 percent by the International Monetary Fund in its latest regional outlook for the Asia Pacific region, up from 6.5 percent in December. The 6.5 percent growth for 2015 published following a post program monitoring mission has been kept […]
Sri Lanka shares end down 0.4-pct
May 06, 2014 (LBO) – Sri Lanka’s shares end 0.37 percent lower Tuesday with index heavy stocks losing ground, brokers said. JKH’s W0022 warrants closed 1.20 rupees lower at 64.10 rupees and its W0023 warrants closed 3.00 rupees lower at 68.90 rupees. Commercial Bank closed 1.00 rupee lower at 126.50 rupees and LOLC closed 2.10 […]