Category: Economy and Markets
Sri Lanka consumer durables group profits plunge in December
Mar 04, 2014 (LBO) – Profits at Singer Sri Lanka Plc, a consumer durables retailer, fell 71 percent to 93 million rupees in the December 2013 quarter from a year earlier, but sales are no longer shrinking, the firm said. The group reported earnings of 74 cents per share. For the full year to December […]
Sri Lanka stocks down 0.4-pct, rupee steady
Mar 03, 2014 (LBO) – Sri Lanka stocks slipped 0.4 percent Monday dragged down by index heavy John Keells Holdings and Dialog, while the rupee ended stronger against the greenback, dealers and brokers said. The benchmark Colombo All Share Index fell 26.3 points to 5,914.01 points and the S&P SL20 Index fell 9.77 points to […]
Sri Lanka inflation at 2.5-pct in February by citizen index
Mar 03, 2014 (LBO) – Sri Lanka’s inflation in February 2014 was measured at 2.5 percent by an index compiled by private citizens, coming below the 4.2 percent indicated by the state statistics office.Sri Lanka’s credit growth has been weak in the past year and the Central Bank has also been sterilizing foreign exchange purchases. […]
Sri Lanka stocks surge 1.2-pct, rupee stronger
Feb 28, 2014 (LBO) – Sri Lanka’s stocks surged 1.2 percent Friday with index heavy John Keells Holdings extending gains, while the rupee strengthened against the greenback, brokers and dealers said. The Colombo benchmark All Share Price Index closed 67.50 points higher at 5,940.31, up 1.15 percent. The S&P SL20 closed 34.86 points higher at […]
HSBC and Sampath for US$100mn loan for Sri Lanka Telecom
Feb 28, 2014 (LBO) – HSBC said it had lead-arranged a 100 million US dollar 5-year loan for Sri Lanka Telecom (SLT) with the participation of Colombo-based Sampath Bank.Sampath Bank managing director Aravida Perera was quoted as saying in addition to taking part in syndicated finance for SLT, the bank has also provided services such […]
Sri Lanka inflation at 4.2-pct in February
Feb 28, 2013 (LBO) – Sri Lanka’s consumer prices rose 4.2 percent in the 12-months February 2014, down from 4.4 percent in January, the state statistics office said.The widely watched Colombo Consumer Price Index rose 0.2 percent during the month. Annual average inflation, a lagging indicator averaged across two years eased to 6.0 percent in […]
Sri Lanka stocks close up 0.6-pct
Feb 26, 2014 (LBO) – Sri Lanka stocks close 0.63 percent higher Wednesday ending a nine day negative rally with gains in the tobacco and diversified stocks, brokers said. The Colombo benchmark All Share Price Index closed 36.89 points higher at 5,872.81, up 0.63 percent. The S&P SL20 closed 8.74 points higher at 3,188.80, up […]
Sri Lanka stocks end down 0.8-pct
Feb 25, 2014 (LBO) – Sri Lanka stocks end 0.80 percent lower Tuesday for the ninth consecutive day with losses in the tobacco and diversified stocks, brokers said. The Colombo benchmark All Share Price Index closed 47.13 points lower at 5,835.92, down 0.80 percent. The S&P SL20 closed 27.94 points lower at 3,180.06, down 0.87 […]
Sri Lanka stocks end down 0.8-pct, rupee weaker
Feb 25, 2014 (LBO) – Sri Lanka stocks closed 0.8 percent lower Tuesday falling 4.5 percent over nine days amid steady foreign selling, brokers said, while the rupee ended weaker against the US dollar. The Colombo benchmark All Share Price Index closed 47.13 points lower at 5,835.92, down 0.80 percent. The S&P SL20 closed 27.94 […]
Sri Lanka Treasuries edge lower, rupee weaker
Feb 25, 2014 (LBO) – Sri Lanka’s Treasures yields edged marginally down at Tuesday’s auction with the 3-month yield down 03 basis points to 6.72 percent, data from the state debt office showed. The 6-month yield fell 01 basis point to 6.89 percent and the 12-month yield fell 01 basis point to 7.07 percent. The […]
Sri Lanka stocks plunge 0.9-pct
Feb 24, 2014 (LBO) – Sri Lanka stocks plunge 0.91 percent Monday continuing the downward trend with losses in the tobacco and diversified stocks, brokers said. Bukit Darah ended 15.00 rupees lower at 560.00 rupees and Commercial Leasing and Finance closed 20 cents lower at 3.90 rupees. Nestle Lanka ended 20.90 rupees lower at 2,000.00 […]
Sri Lanka stocks fall 0.3-pct
Feb 21, 2014 (LBO) – Sri Lanka stocks fall 0.32 percent for the seventh consecutive day with losses in the tobacco and diversified stocks, brokers said. Nestle Lanka ended 79.10 rupees lower at 2,020.90 rupees and Ceylon Tobacco Company closed 12.20 rupees lower at 1,157.60 rupees, contributing most to the index drop. Bukit Darah ended […]