Category: Economy and Markets
Sri Lanka stocks close up 1.65-pct
Sept 03, 2010 (LBO) – Sri Lankan shares continued their bull run Friday with gains seen in several sectors on the back of the previous day’s sharp rise, brokers said. The All Share Price Index closed at 5,880.49, up 1.65 percent (95.32 points) while the more liquid Milanka index rose 1.77 percent (105.29 points) to […]
Sri Lanka stocks close up 1.67-pct
Sept 02, 2010 (LBO) – Sri Lankan stocks closed sharply higher Thursday, with the main index driven up almost 100 points amid heavy trading in certain shares of the finance sector which is recovering from a downturn, brokers said. The firm, which owns Amaya Reef on the southwest coast, closed at 6. 70 rupees, up […]
Sri Lanka foreign reserves surge to US$5.7bn: Central Bank
Sept 02, 2010 (LBO) – Sri Lanka’s foreign reserve surged to 5,731 billion US dollars in June 2010 when counting domestically arranged currency swaps, the Central Bank said. In May 2010 the monetary authority reported foreign reserves of 5,032 million dollars. No mention of swaps was made with the release of May data. The central […]
Sri Lanka Treasuries yields fall
Sept 01, 2010 (LBO) – Sri Lanka’s one year Treasury bill yields fell 21 basis points Wednesday at an auction where the government rolled over 10 billion rupees of maturing bills, the debt office said. The 3-month yield fell 05 basis points to 7. 13 percent, the 6-month yield fell 15 basis points to 7.80 […]
Euro, yen and emerging currencies gain forex share: BIS
GENEVA, September 1, 2010 (AFP) – The euro, Japanese yen and some emerging market currencies are gaining ground in the foreign exchange market while the dollar is continuing to decline, a bank survey said Wednesday. “The US dollar continued a slow retreat from its 90 percent peak share of all transactions reached in the 2001 […]
Sri Lanka stocks close up 0.57-pct
Sept 01, 2010 (LBO) – Sri Lankan stocks closed slightly higher Wednesday with heavy trading in shares of a hotel that announced a rights issue, brokers said. The All Share Price Index closed at 5,690.29, up 0.57 percent (32.28 points) while the more liquid Milanka index rose 0.34 percent (20.16 points) to close at 5,909.32, […]
Sri Lanka trade deficit surges amid economic recovery
Sept 01, 2010 (LBO) – Sri Lanka’s exports grew 13.7 percent to 3.6 billion US dollars in the first half of 2010, and imports expanded 42.1 percent amid an economic recovery, expanding the trade deficit by 108 percent to 2.8 billion US dollars, official data show. In the month of June exports grew 23.4 percent […]
Sri Lanka Treasury chief backs free trade
Aug 31, 2010 (LBO) – Sri Lanka’s finance secretary, a key policy maker in the current administration has backed freer trade which can improve people’s liberties and propel the country on a higher growth path. Sri Lanka has seen flourishing free trade from during the times of ancient kings. Jayasundera said the country was looking […]
Sri Lanka inflation at 5.0-pct in August
Aug 31, 2010 (LBO) – Consumer prices in Sri Lanka’s capital Colombo rose 5. 0 percent in August 2010 from a year earlier, up from 4. 3 percent in July, the government’s statistics office said. The Colombo Consumer Price index increased 0. 5 percent during the month, against no growth in the month of July. […]
Sri Lankan stocks close up 1.02-pct
Aug 31, 2010 (LBO) – Sri Lankan stocks bounced back Tuesday, driven by interest in selected blue chip and midcap stocks, while heavy buying of Asia Capital and Distilleries Company boosted turnover, brokers said. The All Share Price Index closed at 5,658.01, up 1.02 percent (57.24 points) while the more liquid Milanka index rose 0.47 […]
Sri Lanka stocks fall 0.6-pct
Aug 30, 2010 (LBO) – Sri Lanka stocks closed 0. 6 percent lower Monday amid retain and high net worth investor profit taking, brokers said. The benchmark Colombo All Share Index closed 33. 3 points lower at points at 5,600.77 and the Milanka Index of liquid stocks fell 35. 24 at 5,861.87 points. Aitken Spence […]
Sri Lankan stocks close up 0.71-pct
Aug 27, 2010 (LBO) – Sri Lankan stocks closed the week at another record high and passed the 5,600 mark Friday, from price gains on fundamentally strong midcap shares, while newly listed PC House shares closed below the offer price, brokers said. The All Share Price Index closed at 5,634. 15, up 0.71 percent (39.85 […]