Category: Economy and Markets
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 […]
Sri Lanka stocks end higher
Jan 10, 2014 (LBO) – Sri Lanka stocks close up 0.23 percent for the fourth consecutive day with banking and property stocks gaining, brokers said. Lanka Orix Leasing Company closed 50 cents lower at 71.50 rupees and Sri Lanka Telecom closed flat at 37.10 rupees. Aitken Spence closed 1.40 rupees higher at 106.20 rupees and […]
Sri Lanka targets US$2.5bn in FDI in 2014
Jan 10, 2014 (LBO) – Sri Lanka is targeting 2.5 billion US dollars in foreign direct investors in 2014 with 2013 estimated to have drawn about 1.3 billion US dollars, a minister said. Investment promotions minister Lakshman Abeywardene said FDI inflows had reached 870 million US dollars by September and full year data was still […]
Sri Lanka new 5-year sovereign bond pricing will help private firms: Standard Chartered
Jan 08, 2014 (LBO) – A 6.0 percent benchmark yield on a billion US dollar sovereign bond will help corporates seeking foreign finance this year, Standard Chartered Bank said. The bond was lead managed latest sovereign bond was managed by Citi, HSBC, Standard Chartered and UBS. Sri Lanka sold the bond following some uncertainty in […]
Sri Lanka stocks close up 0.2-pct
Jan 09, 2014 (LBO) – Sri Lanka stocks end 0.25 percent higher Thursday with tobacco and diversified stocks gaining, brokers said. The Colombo benchmark All Share Price Index closed 14.87 points higher at 6,069.34, up 0.25 percent. The S&P SL20 closed 12.08 points higher at 3,362.39, up 0.36 percent. Turnover was 1.57 billion rupees, up […]
Sri Lanka Treasuries yields drop
Jan 08, 2014 (LBO) – Sri Lanka’s Treasuries yields dropped across maturities at Wednesday’s auction with the 12-month yield falling 53 basis points to 7.42 percent, data from the state debt office showed.The 3-month yield fell 42 basis points to 7.00 percent and the 6-month yield dropped 33 basis points to 7.20 percent. The state […]
Sri Lanka stocks surge 1.2-pct
Jan 08, 2014 (LBO) – Sri Lanka stocks surged 1.2 percent higher Wednesday as interest rates continued to fall, extending gains from a day earlier, brokers said. The Colombo benchmark All Share Price Index closed 77.40 points higher at 6,054.47, up 1.29 percent. The S&P SL20 closed 49.86 points higher at 3,350.31, up 1.51 percent. […]
Sri Lanka gilt-backed yields drop ahead of auction
Jan 08, 2014 (LBO) – Sri Lanka’s secondary market gilt-backed yields have dropped sharply ahead of a Treasuries auction Wednesday and the arrival of proceeds of a sovereign bond next week, dealers said.There has been direct state borrowing from banks, especially to fund roads, instead of relying only on Treasury bills, which analysts say may […]