Category: Economy and Markets
Sri Lanka shares end lower
Feb 06, 2014 (LBO) – Sri Lanka shares closed weaker Thursday with tobacco and index heavy stocks losing ground amid strong foreign selling, brokers said. Carson Cumberbatch ended 4.80 rupees lower at 342.20 rupees and Dialog ended 10 cents lower at 9.10 rupees. Sri Lanka Telecom ended 1.60 rupees higher at 37.70 rupees and Commercial […]
Sri Lanka stocks close down 0.7-pct
Feb 05, 2014 (LBO) – Sri Lanka stocks close down Wednesday with banking and diversified stocks losing ground, brokers said. Ceylon Tobacco Company closed 7.40 rupees lower at 1,276.20 rupees and Cargills Ceylon closed 4.90 rupees lower at 149.00 rupees. Lanka IOC closed 1.20 rupees higher at 38.80 rupees and Nestle Lanka ended 5.00 rupees […]
Sri Lanka Treasuries bids rejected
Feb 05, 2014 (LBO) – Bids for 3 and 6 month tenors at a weekly Treasury bills auction was rejected Wednesday, but the 12-month yield fell 04 basis points to 7.10 percent. The state debt office said 15.4 billion rupees of bids were accepted for 12-month bills after offering 12.0 billion rupees of bills for […]
Sri Lanka stocks close 0.4-pct lower
Feb 03, 2014 (LBO) – Sri Lanka stocks close lower Monday with diversified and finance stocks losing ground, brokers said. The Colombo benchmark All Share Price Index closed 28.74 points lower at 6,219.34, down 0.46 percent. The S&P SL20 closed 12.03 points lower at 3,431.22, down 0.35 percent. Turnover was 1.10 billion rupees, down from […]
Sri Lanka inflation at 4.4-pct in January 2014
Jan 31, 2014 (LBO) – Sri Lanka’s consumer prices rose 4. buy 4 percent in the 12-months to January 2014, down from 4.7 percent in December, the state statistics office said.But external inflation usually generated by reserve currency central banks like the Federal Reserve has also started to moderate and if Fed tightens or normalizes […]
Sri Lanka stocks close up 0.3-pct
Jan 31, 2014 (LBO) – Sri Lanka stocks close higher Friday with healthcare and beverage firms gaining amid improved US growth numbers, brokers said. The Colombo benchmark All Share Price Index closed 20.82 points higher at 6,248.08, up 0.33 percent. The S&P SL20 closed 1.62 points lower at 3,442.94, down 0.05 percent. Turnover was 1.33 […]
Sri Lanka stocks close down 0.4-pct
Jan 30, 2014 (LBO) – Sri Lanka stocks close 0.40 percent lower Thursday with tobacco and hotel stocks losing ground amid strong foreign selling and Fed’s stimulus cut, brokers said. Nations Trust Bank closed 1.90 rupees higher at 66.90 rupees and Commercial Bank closed 60 cents lower at 127.00 rupees. Distilleries closed 90 cents higher […]
Sri Lanka stocks close up 0.5-pct
Jan 29, 2014 (LBO) – Sri Lanka stocks close 0.54 percent higher Wednesday ending a two day negative rally with diversified stocks gaining, brokers said. The Colombo benchmark All Share Price Index closed 33.31 points higher at 6,252.14, up 0.54 percent. The S&P SL20 closed 30.09 points higher at 3,465.96, up 0.88 percent. Turnover was […]
Sri Lanka stocks close 0.4-pct lower
Jan 28, 2014 (LBO) – Sri Lanka stocks close 0.43 percent lower Tuesday with diversified stocks losing ground despite net foreign buying, brokers said. The Colombo benchmark All Share Price Index closed 26.98points lower at 6,218.83, down 0.43 percent. The S&P SL20 closed 25.88 points lower at 3,435.87, down 0.75 percent. Turnover was 1.45 billion […]
Asian shares tumble as emerging market fears return
HONG KONG, January 27, 2014 (AFP) – Asian markets sank on Monday following the worst losses on Wall Street in seven months, with investors gripped by renewed fears over emerging economies days ahead of a crucial Federal Reserve policy meeting. Japan’s Nikkei, which was the best performer last year, continued its 2014 downtrend as the […]
Sri Lanka stocks close lower
Jan 27, 2014 (LBO) – Sri Lanka stocks close 0.16 percent lower Monday with diversified stocks losing ground, brokers said. The Colombo benchmark All Share Price Index closed 9.82 points lower at 6,245.81, down 0.16 percent. The S&P SL20 closed 17.89 points lower at 3,460.20, down 0.51 percent. Turnover was 872.63 million rupees, down from […]
UK in nationalist bid to push up European business costs, undermine capitalism
LONDON, January 24, 2014 (AFP) – British Prime Minister David Cameron was on Friday to insist that the “re-shoring” of jobs from countries such as India and China could be a key factor in spurring European economic growth.Cameron is due to tell the World Economic Forum being held in the Swiss town of Davos that […]