Category: Economy and Markets
Sri Lanka shares close higher
May 20, 2014 (LBO) – Sri Lanka’s shares closed 0.04 percent higher Tuesday with index heavy stocks gaining despite net foreign selling, brokers said. The Colombo benchmark All Share Price Index closed 2.37 points higher at 6,321.61 up 0.04 percent. The S&P SL20 closed 7.31 points higher at 3,480.10, up 0.21 percent. Turnover was 416.61 […]
Sri Lanka gilt dealers invited to trade in listed debt, REPOs in the offing
May 19, 2014 (LBO) – Colombo Stock Exchange has invited Sri Lanka’s primary dealers in government debt and specialists in debt to register at the bourse to trade in listed corporate debt, with a repurchase mechanism on the trading system also planned.CSE chief operating officer Renuke Wijayawardhane said three primary dealers in government securities have […]
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May 19, 2014 (LBO) – Senior debt of Singer Sri Lanka Plc, a consumer durables maker has been downgraded one level to ‘A-(lka)’ by Fitch Ratings on falling profits and margins. Fitch said following value added tax hikes amid stressed economic conditions margins were declining. Singer however was managing its consumer loans portfolio well, and […]
” nations by UN measure: Central Bank
May 19, 2014 (LBO) – Sri Lanka was a ‘less indebted’ nation on five out of six measures used by the United Nation’s Economic and Social Commission for Asia and the Pacific to measure foreign indebtedness, the Central Bank said.In ‘Disbursed External Debt Outstanding/Gross National Income’ Sri Lanka was placed moderately indebted (between 30 to […]
Sri Lanka stocks close higher
May 19, 2014 (LBO) – Sri Lanka’s stocks closed 0.06 percent higher Monday with banking and telco stocks gaining amid net foreign buying, brokers said. NDB Capital Holdings closed 29.20 rupees higher at 499.80 rupees and NDB closed 5.60 rupees higher at 198.60 rupees. Distilleries closed 2.90 rupees higher at 208.00 rupees and Ceylon Tobacco […]
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 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 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 […]
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 […]
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 […]