Category: Economy and Markets
Sri Lanka shares end up 1.1-pct
Jan 11, 2011(LBO) – Sri Lankan stocks closed close up 1.1 percent Tuesday with active retail trading, brokers said. The All Share Price Index closed at 6,992.71, up 1.1 percent (75.86 points) while the Milanka Price Index of more liquid stocks closed at 7,314. 70, up 0.45 percent (32.75 points) according to stock exchange provisional […]
Sri Lanka stocks close up 0.3-pct
Jan 10, 2011(LBO) – Sri Lanka benchmark index closed 0.36 percent higher Monday with active retail trading, broadbased gains, brokers said. Dialog Axaita shares closed at 11.80, down 0.20 cents with over six million shares done. The All Share Price Index closed at 6,916.63, up 0.36 percent (24.67 points) while the Milanka Price Index of […]
Sri Lanka CB net forex buyer in December: data
Jan 08, 2010 (LBO) – Sri Lanka’s Central Bank has been a net buyer in foreign exchange in December following three months of net sales amid unprecedented excess reserves in the banking system. Sri Lanka’s reserve money (without excess reserves) has started rose to 355 billion rupees on January 06 2011 from 338. 5 billion […]
Sri Lanka shares end up 0.82-pct
Jan 04, 2011, (LBO) – Sri Lankan stocks closed higher Thursday with active trading seen in the poultry and index heavy stocks like JKH, brokers said. The All Share Price Index closed at 6,809.73, up 0.82 percent (55.42 points) while the more liquid Milanka index closed at 7,194.50, up 0.53 percent (38.15 points) according to […]
Sri Lanka shares end up 1.21-pct
Jan 07, 2011(LBO) – Sri Lankan stocks closed higher Friday with Panasian Power, a mini hydro firm, débuting on the market and active retail trading, brokers said. The All Share Price Index closed at 6,891.96, up 1.21 percent (82.23 points) while the Milanka Price Index of more liquid stocks closed at 7,286.88, up 1.28 percent […]
Sri Lanka seeks to change inflation index as price pressure grows
Jan 06, 2011 (LBO) – Sri Lanka wants to change a price index again to reflect recent changes in consumption patterns although previous tinkering with the indicator at a time inflation hit record highs drew criticism. It would also cover changes in credit growth, money market liquidity and its control measures, impact of capital inflows […]
Sri Lanka shares end up 0.82-pct
Jan 04, 2011, (LBO) – Sri Lankan stocks closed higher Thursday with active trading seen in the poultry and index heavy stocks like JKH, brokers said. The All Share Price Index closed at 6,809.73, up 0.82 percent (55.42 points) while the more liquid Milanka index closed at 7,194.50, up 0.53 percent (38.15 points) according to […]
Sri Lanka Treasuries yields steady
Jan 06, 2011 (LBO) – Sri Lanka’s short-term Treasury bill yields stayed largely steady at Wednesday’s auction with the government rolling ten billion rupees worth of maturing bonds, the debt office said. The yield on three-month bills stayed flat at 7. 24 percent while that on six-month bills fell to 7.33 percent from 7.35 percent […]
Sri Lanka shares end up 0.78-pct
Jan 05, 2011, (LBO) – Sri Lankan stocks closed higher Wednesday with active trading taking place in the poultry sector, brokers said. The All Share Price Index closed at 6,754.31, up 0.78 percent (52.46 points) while the more liquid Milanka index closed at 7,156. 35, up 0.88 percent (62.28 points) according to stock exchange provisional […]
Sri Lanka aims for US10bn forex reserves by 2013
Jan 05, 2011 (LBO) – Sri Lanka is improving its foreign reserves management system with more modern trading systems and practices and aims to build up foreign exchange reserves to over 10 billion US dollars in the next few years, central bank governor Nivard Cabraal said. The central bank plans to go for better trading […]
Sri Lanka shares end up 0.61-pct
Jan 04, 2011, (LBO) – Sri Lankan stocks closed higher Tuesday with active trading in the information technology sector, brokers said. Dialog Axiata closed at 11.70, down 0.10 cents with over 2.3 million shares traded. The All Share Price Index closed at 6,698.71, up 0.61 percent (40.74 points) while the more liquid Milanka index closed […]
Sri Lanka rupee seen appreciating gently in 2011
Jan 04, 2011 (LBO) – Sri Lanka’s rupee is likely to further strengthen against the dollar in 2011 after gaining 3. 1 percent against the greenback in 2010, Central Bank governor Nivard Cabraal said. Despite the rupee’s gains, export earnings increased last year, Cabraal said. “The exchange rate might have a gentle tendency to appreciate,” […]