Category: Economy and Markets
Sri Lanka shares end up 0.15-pct
Jan 14, 2011(LBO) – Sri Lankan stocks closed higher Friday with active trading seen in finance sector, brokers said. The All Share Price Index closed at 7,032. 60, up 0.15 percent (10.72 points) while the Milanka Price Index of more liquid stocks closed at 7,301. 09, down 0.35 percent (25.75 points) according to stock exchange […]
World Bank sees 2008 risks for global economy
WASHINGTON, January 13, 2011 (AFP) – The World Bank warned Wednesday the global economy could return to the dark days of the 2008 crisis, with slowing growth and rising commodity prices. After the recession in 2009 and the 2010 rebound, the multilateral institution said, 2011 is expected to be a year of deceleration. In its […]
Sri Lanka can loosen monetary policy amid fiscal tightening: economist
Jan 14, 2010 (LBO) – Sri Lanka could loosen monetary policy if it is balanced by tightening fiscal policy to manage inflation, a senior World Bank economist said South Asian nations struggled with large deficits and high inflation from past loose policy. Sri Lanka has a pegged exchange rate where the country’s inflation is externally […]
Sri Lanka stocks close up 0.1-pct
Jan 13, 2011(LBO) – Sri Lankan stocks closed 0.10 percent higher Thursday with active trading in the power sector and lot of retail driven participation, brokers said. The All Share Price Index closed at 7,021.88, up 0.10 percent (7.03 points) while the Milanka Price Index of more liquid stocks closed at 7,326.84, down 0.01 percent […]
Sri Lanka stocks close up 0.3-pct
Jan 12, 2011(LBO) – Sri Lankan stocks closed 0. 3 percent higher Wednesday with Colombo’s benchmark index topping the 7,000 mark, brokers said. Over 3.8 million Odel shares changed hands and the stock closed at 49. 50, up 1.90 while index heavy John Keells Holdings closed at 295.10, up 0.10 cents with over 625,000 done. […]
Sri Lanka Treasuries yields eased
Jan 12, 2011 (LBO) – Sri Lanka’s Treasury bill yields fell across maturities at Wednesday auction following 25 basis point rate cut a day earlier. The debt office said it accepted 11,000 million rupees of bids from the auction. The yield on 3-month bills fell 17 basis points to 7. 07 percent the government’s debt […]
Sri Lanka cuts policy rates, amid lower deficit
Jan 11, 2010 (LBO) – Sri Lanka’s central bank cut its policy rate at which excess cash is drained from the market 25 basis points to 7.0 percent, while inflation hovered at 6. 9 percent in December. The government has also cut taxes on some foods, the central bank said. Earlier this month the military […]
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 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 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 […]