Category: Economy and Markets
Sri Lanka stocks close down 0.6-pct
Nov 07, 2013 (LBO) – Sri Lanka stocks fell for the fourth straight day with diversified stocks losing ground, brokers said. The Colombo benchmark All Share Price Index closed 35.71 points lower at 5,870.47, down 0.60 percent. The S&P SL20 closed 11.18 points lower at 3,243.71, down 0.34 percent. Turnover was 688.03 million rupees, up […]
Sri Lanka Treasuries yields ease
Nov 06, 2013 (LBO) – Sri Lanka’s Treasuries yields eased at Wednesday’s auction extending falls seen since a rate cut on October 15, with the 6-month yield down 6 basis points to 8.94 percent, data from the state debt office showed. The 12-month yield fell 01 basis point to 9.82 percent, despite 14.6 billion rupees […]
Sri Lanka stocks close lower
Nov 06, 2013 (LBO) – Sri Lanka stocks fell for the third straight day banking stocks losing ground, despite strong foreign purchases, brokers said. Bukit Darah closed 5.40 rupees higher at 685.60 rupees and Dialog closed 10 cents higher at 9.10 rupees. Cargills Ceylon closed 2.60 rupees lower at 145.40 rupees and Nestle Lanka closed […]
‘s LB Finance to sell Rs2.0bn in debt
Nov 05, 2013 (LBO) – Sri Lanka’s LB Finance Plc, is planning to sell 2.0 billion rupees of listed debt, the Colombo Stock Exchange said.The CSE said it had approved an application by LF Finance to offer 10 million debentures of 100 rupees each and a further 10 million if the first tranche is oversubscribed. […]
Sri Lanka stocks closed down 0.4-pct
Nov 04, 2013 (LBO) – Sri Lanka stocks closed 0.45 percent lower dragged down by falling leasing and property stocks amid a broad sell-off, brokers said. The Colombo benchmark All Share Price Index closed 26.95 points lower at 5,927.41, down 0.45 percent, after reaching an intra-day high of 5,954.70. The S&P SL20 closed 6.02 points […]
Vietnam seeks more business with Sri Lanka
Nov 02, 2013 (LBO) – A delegation of 15 Vietnamese companies is visiting Sri Lanka this month seeking local partners and agents, the Ceylon Chamber of Commerce said. There will be business to business meeting on November 18 at the Ceylon Chamber of Commerce office. The firms represent makers of machinery such as rice reapers, […]
Sri Lanka stocks close flat
Nov 01, 2013 (LBO) – Sri Lanka stocks closed flat with a trade in a tile firm pushing turnover above a billion rupees, brokers said. PCH Holdings closed flat at 1.60 rupees and PC House ended up 10 cents to 90 cents. The Colombo benchmark All Share Price Index closed just 0.26 points lower at […]
‘s Sampath Bank to sell Rs5.0bn in debt
Oct 31, 2013 (LBO) – Fitch Ratings said a 3.0 billion rupees subordinated debt offer of Sri Lanka’s Nations Trust Bank has been given an expected ‘A-(lka)’ rating. SB could be downgraded if there is an increase in risk appetite, for instance through aggressive lending or weakening of underwriting standards that can put pressure on […]
Sri Lanka inflation at 6.7-pct in October
Oct 31, 2013 (LBO) – Sri Lanka’s consumer prices rose 6.7 percent in October 2013 from a year earlier, accelerating from 6.2 percent in September, the state statistics office said. Sri Lanka’s Colombo Consumer Price Index rose 0.2 percent in the month to 176.1 points in the month. Sri Lanka’s inflation has been stable for […]
Sri Lanka stocks close up 0.4-pct
Oct 30, 2013 (LBO) – Sri Lanka stocks closed 0.47 percent higher helped by tobacco and consumer goods stocks and strong foreign purchasing, brokers said. Touchwood ended up 20 cents to 4.10 rupees. PCH Holdings closed flat at 1.70 rupees and PC House closed flat at 80 cents. NDB Bank closed flat at 158.00 rupees […]
Sri Lanka Treasuries yields plunge
Oct 30, 2013 (LBO) – Sri Lanka’s Treasuries yields dropped sharply at Wednesday’s auction with the 12-month yield falling 19 basis points to 9.83 percent, data from the state debt office showed.The debt office which offered 10 billion rupees in bills for roll-over said 20 billion rupees worth bid were accepted from the market. The […]
Sri Lanka hotels profits may be squeezed by rising labour costs
Oct 30, 2013 (LBO) – Shortfalls of labour amid fast growth in Sri Lanka’s tourism sector may squeeze profits and undermine industry attempts to boost product quality, an official said.“We will seriously need to see how we can halt the current shortage of staff,” Jayantissa Kehelpannala, president of the Tourist Hotels Association of Sri Lanka […]