Category: Economy and Markets
Sri Lanka stocks close up 0.4-pct
Jan 24, 2014 (LBO) – Sri Lanka stocks close up 0.47 percent Friday with telco and tobacco stocks gaining, brokers said. Sri Lanka Telecom on Friday confirmed that they have not negotiated to purchase Hutch. SLT closed 40 cents lower at 36.60 rupees. Cargills Ceylon closed 3.30 rupees higher at 153.40 rupees and Nestle Lanka […]
” GDP data row
COLOMBO, January 22, 2014 (AFP) – Sri Lanka’s main statistics office Wednesday said a senior official who denounced alleged government pressure to inflate economic growth data would be sacked after he was found guilty of leaking confidential information. Statistics chief Gunawardena denied that he was under pressure to change economic data to suit the government […]
‘s killing
COLOMBO, January 22, 2014 (AFP) – Sri Lankan investigators arrested a ruling party politician who failed to turn up to his trial for the Christmas Day killing of a British tourist two years ago, police said Wednesday.Sampath Vidanapathirana, a councillor in the southern region of Tangalle, was tracked down and arrested in the capital Colombo […]
Sri Lanka stocks close up 0.9-pct
Jan 22, 2014 (LBO) – Sri Lanka stocks close up 0.96 percent reversing Tuesday’s losses with tobacco and diversified stocks gaining amid net foreign buying, brokers said. The Colombo benchmark All Share Price Index closed 59.13 points higher at 6,212.67, up 0.96 percent. The S&P SL20 closed 30.10 points higher at 3,458.26, up 0.88 percent. […]
‘s RAM exits Sri Lanka rating agency
Jan 21, 2014 (LBO) – Malaysia’s RAM Holdings said it has sold its Sri Lanka subsidiary RAM Ratings (Lanka) Ltd to the management.“RAM has successfully nurtured a local team to continue building the company’s considerable market share in the rated bond market…,” K Govindan, group chief executive of RAM Holdings said in a statement. “We […]
SriLankan Airlines seeks US$275mn in foreign financing
Jan 21, 2014 (LBO) – State-run SriLankan Airlines is seeking at least 275 million US dollars in foreign financing, a top official said as the airline is on track to acquire new Airbus aircraft. Sri Lanka’s state has promised a 500 million US dollar injection to the airline over five years to recapitalize the airline. […]
Sri Lanka stocks close flat
Jan 21, 2014 (LBO) – Sri Lanka stocks close flat Tuesday with banking and plantation stocks losing ground, brokers said. The Colombo benchmark All Share Price Index closed 3.14 points lower at 6,153.54, down 0.05 percent. The S&P SL20 closed 2.45 points higher at 3,428.16, up 0.07 percent. Turnover was 414.14 million rupees, down from […]
Sri Lanka stocks close up 0.4-pct
Jan 20, 2014 (LBO) – Sri Lanka stocks close up 0.42 percent Monday reversing last Friday’s losses with index heavy stocks gaining, brokers said. Cargills Ceylon closed 50 cents lower at 146.00 rupees and Bukit Darah closed 5.00 rupees higher at 620.00 rupees. Lion Brewery Ceylon closed 1.00 rupee lower at 379.00 rupees and Aitken […]
Sri Lanka stocks down 0.5-pct
Jan 17, 2014 (LBO) – Sri Lanka stocks close in the red Friday ending a six-day upbeat trend with tobacco and diversified stocks losing ground, brokers said. HNB closed 1.10 rupees higher at 158.10 rupees and Lanka Orix Leasing Company closed 50 cents higher at 72.50 rupees. NDB closed 3.70 rupees lower at 182.20 rupees. […]
Sri Lanka interest rates tighter ahead of dollar inflow
Jan 17, 2014 (LBO) – Sri Lanka’s overnight market rates and medium term bond yields picked up slightly ahead of an expected liquidity flood from a sovereign bond sale, dealers said. A 2-year bond maturing on 01 April 2016 quoted at 7.80/8.00 percent had eased from around 8.00/8.10 percent last week. But a 3-year 01 […]
Sri Lanka stocks up 0.8-pct
Jan 16, 2014 (LBO) – Sri Lanka stocks end on a strong note Thursday recording a gradual increase in the intra day trading amid strong foreign buying, brokers said. The Colombo benchmark All Share Price Index closed 50.59 points higher at 6,166.98, up 0.83 percent. The S&P SL20 closed 38.98 points higher at 3,427.05, up […]
Sri Lanka stocks up 0.5-pct – corrected
Jan 13, 2014 (LBO) – Sri Lanka stocks rose 0.55 percent with tobacco and insurance firms gaining amid net foreign buying, brokers said. The Colombo benchmark All Share Price Index closed 33.25 points higher at 6,116.39, up 0.55 percent. The S&P SL20 closed 9.48 points higher at 3,393.99, up 0.28 percent. Turnover was 1.37 billion […]