Category: Economy and Markets
Sri Lanka stocks close up 0.20 pct, rupee steady
June 29, 2012 (LBO) – Sri Lankan stocks closed up 0.2 percent on Friday, while the spot US dollar closed at around 133.70/90 in a day of quiet trading, dealers and brokers said. Colombo’s All Share Price Index gained 9.86 points to close at 4965.77, the Milanka index of more liquid stocks shed 2.61 points […]
Sri Lanka to pave more roads with bank credit
June 29, 2012 (LBO) – Sri Lanka will rebuild 332.77 kilometres of roads using domestic contractors with loans taken from commercial banks in the same way more than 600 kilometres of roads were paved earlier, a minister said. Minister Keheliya Rambukwelle said the total cost of the project was not specified as yet, but the […]
Sri Lanka stocks down 0.80 percent
June 28, 2012 (LBO) – Sri Lankan stocks slipped 0.80 percent on Thursday, though big ticket deals in Eden Hotel Lanka, John Keells Holdings PLC and PC House Holdings PLC helped swell turnover, brokers said. Market heavyweight John Keells Holdings, slipped 4.00 rupees to 186.00 rupees on trades of 873,554 shares. A parcel of 280,000 […]
Sri Lanka rupee gains
June 28, 2012 (LBO) – Sri Lanka’s rupee rose as much as 132.50 in intra-day trading on Thursday amid state bank selling before settling around 132.80/133.00 after a weak start, dealer said. Analysts however have urged the central bank not to allow excess liquidity to remain in the system as unsterilized purchases will eventually create […]
Sri Lanka population lower than estimated, but growing: Census Dept
June 27, 2012 (LBO) – Sri Lanka’s first countrywide census conducted after the end of a 30-year war shows the population is 20.277 million, the statistics office said, which is lower than earlier estimates. Earlier estimates put mid-year population in 2011 at 20.869 million with an annual growth rate of 1.0 percent. The census conducted […]
‘s North population shrinks, East expands
June 27, 2012 (LBO) – Population in Sri Lanka’s northern Jaffna area has shrunk during a 30-year civil war but parts of the former war zone which was not fully under control of separatists had seen above average growth, new census data shows. The first census conducted in the area since 1981, has shown that […]
Sri Lanka Treasuries eyed by Japanese buyer: foreign ministry
June 27, 2012 (LBO) – Bansai Securities, a Tokyo based investment house is planning to buy 10 billion yen (125 million US dollars) worth Sri Lanka rupee Treasuries, over the next 12 months, the foreign ministry said. Sri Lanka’s Treasury bills now yield between 11 percent (3-months) and 12.78 percent (one year). Two year Treasury […]
Sri Lanka Treasuries yields up
June 27, 2012 (LBO) – Sri Lanka’s Treasuries yields rose across maturities at Wednesday’s auction with 6-month yields rising most by 14 basis points to 12. 47 percent, data released by the state debt office showed. The 3-month yield rose 08 basis points to 11. 12 percent and the 12-month yield rose 10 basis points […]
Sri Lanka rupee hits new low
June 27, 2012 (LBO) – Sri Lanka’s rupee hit new lows near 134 to the US dollar in the spot market Wednesday and spot-next deals went for as much 134.15, dealers said as excess liquidity increased in the banking system. Excess rupee liquidity in the banking system rose to 10. 8 billion rupees Tuesday from […]
Sri Lankan shares up 0.11 percent; large deals in John Keells
June 27, 2012 (LBO) – Sri Lankan share prices rise on Wednesday, driven by large trades in market heavyweight John Keells Holdings PLC and fabric maker, Textured Jersey Limited, brokers said. John Keells Holdings, dominated trading with two large trades, brokers said. A quantity of 284,000 JKH shares was sold at 190.00 rupees while a […]
Sri Lanka forex markets in a spot
June 26, 2012 (LBO) – Sri Lanka’s spot foreign exchange markets were inactive Tuesday with no two way quotes following earlier regulatory pressure, though the market for transactions with settlement three days ahead, became active, dealers said. So-called ‘spot’ market deals are settled two days later. ‘Spot next’ or deals settled three days later, were […]
Sri Lankan stocks flat; high turnover driven by Aitken Spence, Lion Brewery
June 26, 2012 (LBO) – Sri Lankan share prices were virtually flat on Tuesday, despite big ticket deals in Aitken Spence PLC and Lion Brewery PLC which propelled the bourse to one of its highest turnovers in a single trading day, brokers said. The benchmark All Share Price Index was down 0. 44 points or […]