Category: Economy and Markets
Sri Lanka shares end up 0.3-pct
Dec 28, 2010 (LBO) – Sri Lankan stocks closed higher Tuesday with investors focusing on the banking sector, brokers said. Turnover was 1.6 billion rupees. Sampath Bank closed at 272.40, up 1.60 rupees while DFCC closed at 202.00, up 1.80 rupees. Hatton National Bank non-voting shares closed at 209.40, up 4.40 rupees with over 850,000 […]
Sri Lanka shares end up 0.96-pct
Dec 27, 2010 (LBO) – Sri Lankan stocks closed higher Monday with only two private deals reported and active trading in a rubber products group and a tableware exporter, brokers said. The All Share Price Index closed at 6,621.51, up 0.96 percent (63.26 points) while the more liquid Milanka index rose 0.59 percent (41.53 points) […]
Sri Lanka creates management entity for state firms ahead of listing
Dec 24, 2010 (LBO) – Sri Lanka has set up a management company to manage several defunct state enterprises prior to a listing of a partial stake on the Colombo stock exchange, a senior finance ministry official said. Recent IPOs have been heavily over-subscribed owing to pent-up demand for shares with company earnings increasing and […]
Sri Lanka tax refund delays worry Japanese investors
Dec 24, 2010 (LBO) – Japanese investors are keen to invest in post-war Sri Lanka but firms already operating in the island are concerned about delays in value-added tax refunds and high electricity tariffs, a visiting lawmaker said. These concerns were conveyed to the investment promotion agency, Board of Investment, by Hirofumi Hirano, chairman of […]
Sri Lanka shares end up 0.72-pct
Dec 24, 2010 (LBO) – Sri Lankan stocks closed higher Friday with private deals in two conglomerates boosting turnover, ending a week of gains that also saw net foreign selling, brokers said. Bartleet Mallory Stockbrokers said there was a mix of institutional, high-net-worth and retail investors at the start of the week, but retail investors […]
Sri Lanka forex reserves fall
Dec 23, 2010 (LBO) – Remittances by migrant Sri Lankan workers rose 22 percent in the first 10 months of 2010 but foreign reserves have fallen slightly after central bank dollar sales, latest data showed. “During the first ten months of 2010, workers’ remittances increased by 21.9 percent to 3,380 million US dollars after adjusting […]
Sri Lanka shares end up 0.86-pct
Dec 23, 2010 (LBO) – Sri Lankan stocks closed higher Thursday with prices of poultry firms, that had been heavily traded recently, weakening and active trading in a retail firm seen doing well during the festive season, brokers said. Conglomerate John Keells Holdings closed at 300 rupees, down a rupee with 2.5 million shares changing […]
Sri Lanka Treasuries yields steady
Dec 22, 2010 (LBO) – Sri Lanka’s Treasury bill yields across all tenors remained steady at Wednesday’s auction with the government rolling over nine billion rupees worth of maturing bonds, the debt office said. The debt office said it accepted 9,165 million rupees from the auction. The yield on three-months bills stayed flat at 7. […]
Sri Lanka shares end up 1.21-pct
Dec 22, 2010 (LBO) – Sri Lankan stocks rebounded Wednesday with large private deals in a conglomerate and a poultry firm boosting turnover, brokers said. Just over two million shares of Janashakthi Insurance Company were done in a private deal at 15. 70 rupees each. The stock closed at 15.50, up a rupee. The All […]
Sri Lanka to get cheaper World Bank credit for several years
Dec 22, 2010 (LBO) – Sri Lanka would get cheap World Bank credit for at least three years, while the country re-builds infrastructure after a 30-year war and moves toward becoming a borrower at near-commercial rates, managing director Ngozi Okonjo-Iweala said. “You have the peace dividend. You have ended the conflict. With inclusive growth, where […]
Sri Lanka shares end up 0.28-pct
Dec 21, 2010 (LBO) – Sri Lankan stocks ended slightly higher Tuesday with heavy trading and gains in poultry firms amid rising demand and prices for chicken following an influx of tourists, brokers said. Brokers said non-voting shares of liquid petroleum distributor Laugfs Gas were the most actively traded for the day, closing at 17 […]
Sri Lanka stocks end up 0.28-pct
Dec 21, 2010 (LBO) – Sri Lankan stocks ended slightly higher Tuesday with heavy trading and gains in poultry firms amind rising demand and prices for chicken following an influx of tourists, brokers said. The All Share Price Index closed at 6,378.91, up 0.28 percent (18.07 points) while the more liquid Milanka index fell 0. […]