Category: Economy and Markets
Sri Lanka stocks up 0.21-pct, rupee steady
Oct 09, 2013 (LBO) – Sri Lanka stocks closed 0.21 percent higher with foreign investors interest while domestic speculative play was seen on some stocks, brokers said. The Colombo benchmark All Share Price Index closed 12.90 points higher at 5,909.95, up 0.22 percent, after reaching an intraday high of 5,932.32, provisional data showed. The S&P […]
Sri Lanka Treasuries yields ease
Oct 08, 2013 (LBO) – Sri Lanka’s Treasuries yields eased at Wednesday’s auction with the 12-month yield falling 02 basis points to 10.50 percent, data from the state debt office showed. The 6-month yield fell 02 basis points from two weeks ago to 8.58 percent. Last week bids for both 3 and 6 months were […]
Sri Lanka HSBC unit appointed primary dealer in gilts
Oct 09, 2013 – Sri Lanka’s branch of Hong Kong and Shanghai Banking Corporation has been appointed a primary dealer in government securities.The Central Bank said the new dealers will start operations from October 14. A primary dealer can directly participate in auctions of Treasury securities.
Sri Lanka mortgage lender to sell Rs2bn in debt
Oct 08, 2013 (LBO) – Sri Lanka’s HDFC Bank, a mortgage lender is planning to sell 2.0 billion rupees in secured debt. Fitch has rated the lender ‘BBB(lka)’ rating with a stable outlook. The Colombo Stock Exchange said it had approved the sale of 10 million 100 rupee debentures with an option to sell another […]
Sri Lanka stocks close 0.5-pct higher, rupee steady
Oct 08, 2013 (LBO) – Sri Lanka stocks closed up 0.51 percent on continued investor interest in tobacco stocks and speculative trading and the rupee fell slightly on importer demand, brokers and dealers said. The rupee fell slightly to 131.20/23 against the US dollar in late trading the spot market on importer demand, dealers said. […]
Sri Lanka stock close 0.5-pct higher, rupee steady
Oct 07, 2013 (LBO) – Sri Lanka stocks closed 0.50 percent higher on continued investor interest in tobacco and diversified stocks, and the rupee was steady against the dollar, brokers and dealers said. Currency dealers said volumes were thin in the foreign exchange market with demand for US dollars matching supply. The rupee traded at […]
Sri Lanka urban price index up 9.7-pct in September
Oct 04, 2013 (LBO) – Consumer prices in Sri Lanka’s urban centres rose 9.7 percent in the 12-month to September slowing from 9.9 percent in August, an index compiled by private citizens showed. The CAL Urban Price Index, compiled by CAL Research, a Colombo based equity research house, fell 1.8 percent in the month with […]
Sri Lanka future ready enterprise summit kicks off
Oct 04, 2013 (LBO) – A high level conference on building ‘future ready enterprises’ kicked off in Colombo where over 40 resource persons from Sri Lanka and the region are sharing their knowledge and debate issues.Readers of LBO can participate live by at this link. http://www. “The areas of discussion are not what one commonly […]
Sri Lanka rescues Australia-bound boatpeople
COLOMBO, October 4, 2013 (AFP) – Sri Lanka’s navy has rescued 70 would-be illegal immigrants drifting on the high seas in the country’s first detected case of people-smuggling since Australia tightened restrictions on asylum-seekers, officials said Friday.A naval craft picked up the Sri Lankans, including 17 women and 14 children, who had been drifting for […]
Sri Lanka close up 0.4-pct, rupee extends gains
Oct 04, 2013 (LBO) – Sri Lanka stocks closed 0.40 percent higher on speculative trades and the rupee strengthened against the US dollar, brokers and dealers said. The benchmark Colombo All Share Price Index closed 23.15 points higher at 5,837.95, up 0.40 percent after reaching an intraday high on 5,849.76 in late trading, provisional data […]
Sri Lanka stocks up, rupee steady
Oct 03, 2013 (LBO) – Sri Lanka stocks closed 0.16 percent higher with speculative interest continuing in troubled Touchwood and the rupee strengthened in intra-day trading, brokers and dealers said. The benchmark Colombo All Share Price Index closed 9.18 points higher at 5,814.80, up 0.16 percent, provisional data showed, after reaching an intraday high of […]
Sri Lanka to grow 6.8-pct in 2013, inflation 7.0-pct: ADB
Oct 03, 2013 (LBO) – Sri Lanka’s economy is forecasted to grow 6.8 percent in 2013 and inflation would be 7.0 percent, the Asian Development Bank said in revised projections released this week. “Foreign holdings of government securities dipped in late August, which further weakened the rupee by 5 percent against the US dollar from […]