Category: Economy and Markets
Sri Lanka stocks end up 0.2-pct
Aug 26, 2011 (LBO) – Sri Lanka’s main share index closed marginally higher Friday with some interest in a finance company and a motor firm and continued speculative trade in certain shares, brokers said. There was again speculative trade in Colombo Land & Development Company which ended at 63.60 rupees, down 50 cents with over […]
Sri Lanka stocks end up 0.4-pct
Aug 25, 2011 (LBO) – Sri Lankan share prices closed higher Thursday as some buying interest returned after four days of losses, brokers said. The main All Share Price Index closed at 6,839.20, up 0.39 percent (26.49 points) while the more liquid Milanka index rose 0.51 percent (31.72 points) to close at 6,225.03, according to […]
Sri Lanka T-bill yields flat amid lower acceptance
Aug 24, 2011 (LBO) – Sri Lanka’s Treasury bill yields were held flat across maturities with only 64 percent of the offer sold to real bidders at Wednesday’s auction, according to data released by the government’s debt office. In bond markets, a 2015 bond which rose as high at 8.60 percent earlier in the week […]
Sri Lanka stocks end down 0.7-pct
Aug 24, 2011 (LBO) – Sri Lankan share prices closed lower for the fourth straight day Wednesday, with trading mainly on speculative stocks while there were a few off-market private deals, brokers said. There were also two crossings of John Keells Holdings of 100,000 shares each one at 212 rupees and the other at 208 […]
Sri Lanka cement crisis continues amid price controls
Aug 24, 2011 (LBO) – Sri Lanka’s construction industry is facing a shortage of about a million 50 kilogram sacks of cement a month, a media report said as price controls limit supplies and threaten the island’s construction sector. Amid the shortages created by price controls, state enterprises have got into the act like in […]
” beyond 16-year high
HONG KONG, August 23, 2011 (AFP) – Hong Kong’s inflation has hit a 16-year high and economists warned Tuesday there are signs it will worsen in coming months as runaway housing and food costs continue to besiege the city’s economy. Figures released in the southern Chinese territory Monday showed inflation hit 7.9 percent year-on-year in […]
Sri Lanka stocks slump almost one percent
Aug 23, 2011 (LBO) – Sri Lankan share prices slumped almost one percent Tuesday, falling for the third straight day, with gains in the health sector as investors bought into a hospital group, brokers said. The main All Share Price Index closed at 6,861. 73, down 0.96 percent (66.30 points) while the more liquid Milanka […]
Gold hits record above $1,900 an ounce
HONG KONG, August 23, 2011 (AFP) – Gold soared above ,900 an ounce in Hong Kong for the first time on Tuesday as dealers flocked to the safe haven asset due to growing concerns over the state of the global economy. The precious metal was trading at ,914. 50-$1,915.50 an ounce in the morning after […]
China seeks to protect Libya trade ties
BEIJING, August 23, 2011 (AFP) – China hopes its “mutually beneficial” multi-billion dollar trade links with oil-rich Libya will continue, it said Tuesday after rebels came close to ending Moamer Kadhafi’s 42-year rule. China has ploughed billions of dollars into Libya’s rail, oil and telecom sectors, and the commerce ministry said its investments had been […]
Sri Lanka stocks down 0.3-pct
Aug 22, 2011 (LBO) – Sri Lankan share prices closed lower Monday, following Friday’s losses, with trading largely in speculative stocks on which some profit-taking was seen, brokers said. The main All Share Price Index closed at 6,928.03, down 0.34 percent (23.61 points) while the more liquid Milanka index fell 0.66 percent (42.06 points) to […]
Sri Lanka land sales should be transparent: lawmaker
Aug 20, 2011 (LBO) – Sri Lanka’s state land sales to private developers must be transparent and all available land must be listed online to boost investor confidence, instead being sold through unsolicited deals, a lawmaker has said. Sri Lanka main opposition United National Party member Harsha de Silva says such deals will harm overall […]
Sri Lanka stocks down 01-pct
Aug 19, 2011 (LBO) – Sri Lanka stocks closed one percent lower down Friday with speculation on a few stocks dominating trading, brokers and analysts said. Lake House Printers & Publishers was the day’s top and its share closed at 160 rupees up 20.52 percent or 27.70 rupees. Renewed interest was seen in Serendib Hotels, […]