Category: Economy and Markets
Sri Lanka stocks close down 0.5-pct
Feb 18, 2014 (LBO) – Sri Lanka stocks close 0.57 percent lower for the forth consecutive day with tobacco and diversified stocks losing ground amid net foreign selling, brokers said. The Colombo benchmark All Share Price Index closed 34.45 points lower at 6,021.66, down 0.57 percent. The S&P SL20 closed 18.20 points lower at 3,288.04, […]
Sri Lanka policy rates unchanged; credit picking up: Central Bank
Feb 17, 2014 (LBO) – Sri Lanka’s central bank kept policy rates steady in February signaling that gilt rates are bottoming out but said longer term lending rates have more room to fall. The central bank said it was keeping the rate at which excess money is drained from the banking system at 6.50 percent […]
Sri Lanka banks should lend more to utilize new economic capacity: CB Governor
Feb 17, 2013 (LBO) – Sri Lanka’s bank should lend more to businesses associated with ports, airports, health and information technology to make use of expanded capacity in the economy, Central Bank Governor Nivard Cabraal said. Sri Lanka’s government has developed infrastructure in recent year with ports, airports and roads generating extra capacity and opportunities […]
Sri Lanka stocks close down 0.4-pct
Feb 17, 2014 (LBO) – Sri Lanka stocks close 0.45 percent lower for the third straight day with diversified stocks losing ground, brokers said. Ceylon Tobacco Company closed 10.00 rupees lower at 1,240.00 rupees and Aitken Spence closed 2.50 rupees lower at 100.10 rupees. Commercial Bank closed 1.00 rupee lower at 117.00 rupees and NDB […]
Sri Lanka stocks close lower
Feb 13, 2014 (LBO) – Sri Lanka stocks close 0.02 percent lower for the second consecutive day with diversified stocks losing ground, brokers said. Commercial Leasing and Finance closed 10 cents higher at 4.10 rupees and Cargills Ceylon closed 1.00 rupee lower at 147.00 rupees. Bukit Darah ended 10 cents lower at 600.30 rupees and […]
Sri Lanka stocks close 0.4-pct down
Feb 12, 2014 (LBO) – Sri Lanka stocks close down Wednesday with tobacco and finance stocks losing ground, brokers said. The Colombo benchmark All Share Price Index closed 28.67 points lower at 6,084.48, down 0.47 percent. The S&P SL20 closed 12.39 points lower at 3,336.96, down 0.37 percent. Turnover was 548.63 million rupees, down from […]
Sri Lanka ends 2013 with US$7.2bn in foreign reserves
Feb 12, 2014 (LBO) – Sri Lanka’s foreign reserves rose 4.6 percent to 7,200 million in December 2013 from a year earlier, despite payments to the International Monetary Fund and losses on gold holdings, official data showed. But in pegged exchange rate monetary systems ‘reserves’ are invested abroad such as in liquid US Treasuries and […]
Sri Lanka Treasuries yields mixed
Jan 11, 2014 (LBO) – Sri Lanka’s short term Treasuries yields fell at Tuesday’s auction from two weeks ago, but the 12-month yield was steady from a week earlier, data from the state debt office showed.The debt office offered 12.0 billion rupees of bills for auction and accepted 20.8 billion in bids. Last week bids […]
Sri Lanka gilt dealer begins trading listed debt
Feb 11, 2014 (LBO) – Sri Lanka’s first gilt dealer has begun trading listed corporate debt in the Colombo Stock Exchange kicking off a process that could improve liquidity and secondary trading, officials said.Capital Alliance Ltd (CAL), a primary dealer in government securities became the first firm to trade as a dealer-broker Tuesday, under new […]
Sri Lanka stocks close higher
Feb 11, 2014 (LBO) – Sri Lanka stocks end slightly higher Tuesday with tobacco stocks gaining amid strong foreign selling, brokers said. The Colombo benchmark All Share Price Index closed 2.88 points higher at 6,113.15, up 0.05 percent. The S&P SL20 closed 5.08 points lower at 3,349.35, down 0.15 percent. Turnover was 1.98 billion rupees, […]
Sri Lanka stocks close down 0.5-pct
Feb 10, 2014 (LBO) – Sri Lanka shares end 0.51 percent down Monday with tobacco and telco stocks losing ground amid net foreign selling, brokers said. The Colombo benchmark All Share Price Index closed 31.45 points lower at 6,110.27, down 0.51 percent. The S&P SL20 closed 14.87 points lower at 3,354.43, down 0.44 percent. Turnover […]
Sri Lanka shares close down 0.4-pct
Feb 07, 2014 (LBO) – Sri Lanka shares end 0.43 percent down Friday with tobacco and beverage stocks losing ground amid strong foreign selling, brokers said. Ceylon Tobacco Company on Friday declared 8.55 rupees of final dividend per share for the last year. Commercial Bank closed 2.90 rupees lower at 120.10 rupees and Commercial Leasing […]