Category: Markets
Sri Lanka stocks close lower 0.06-pct
Nov 13, 2015 (LBO) – Sri Lankan stocks closed down at 0.06 percent on Friday for a fourth consecutive session with more investor activity and volumes compared to Thursday with losses in some index heavy stocks, brokers said. The Colombo benchmark All Share Price Index closed lower 4.54 points at 7,001.81 lower 0.06 percent. S&P […]
Unusual U.S. financial market moves defy logic, say analysts
Nov 13, 2015 (LBO) – Several strange occurances in U.S. financial markets have raised eyebrows of market analysts amid a near-zero interest rate policy. U.S. interest rates have been near zero, with loose monetary policy followed for nine years, on the heels of the subprime mortgage crisis during the 2007-2009 period. This year some Scandinavian […]
Sri Lanka stocks close down 0.4-pct: Banking losses
Nov 11, 2015 (LBO) – Sri Lankan stocks closed down at 0.44 percent on Wednesday with low investor activity ahead of next week’s budget with losses in some index heavy and banking sector stocks , brokers said. The Colombo benchmark All Share Price Index closed down 30.98 points at 7,019.23 lower 0.44 percent. S&P SL20 […]
‘s Candor 5-year unit trust public offer oversubscribed
Nov 10, 2015 (LBO) – Candor Opportunities Fund, managed by Candor Asset Management, issue offer of 50 million units was oversubscribed with the issue reaching applications for over 500 million, the fund said.“Therefore we will exercise the subscription offer,” the company said in a stock exchange filling. The issue offered 50 million units at 10 […]
Asian stocks open lower with stronger Fed rate hike possibility
Nov 10, 2015 (LBO) – Asian stocks opened lower after global stocks fell on Monday on increased chances of a Fed rate hike this year. Probability that the Fed will hike interest rates this year have increased to 68 percent, from 50 percent a week ago and 39 percent last month, according to market data. […]
Infrastructure: Negotiating position crucial in structuring deals, say experts
Nov 09, 2015 (LBO) – Sri Lanka’s government must pay attention to increasing its negotiating strength when seeking commercial borrowing and entering into partnerships with the private sector, financing experts said. This process involves announcing long-term plans, with properly structured projects in the pipeline, and building institutional capacity to structure deals, they said. “As a […]
Sri Lanka stocks close up 0.2-pct: Blue chip gains
Nov 05, 2015 (LBO) – Sri Lankan stocks closed up at 0.20 percent on Thursday following a policy statement by the Prime Minister in the afternoon with gains in blue chip stocks, brokers said. The Colombo benchmark All Share Price Index closed up 13.82 points at 7,017.39 higher 0.20 percent. S&P SL20 closed 8.18 points […]
Sri Lanka stocks close higher 0.05-pct: Lack of policy direction
Nov 04, 2015 (LBO) – Sri Lankan stocks closed 0.05 percent higher on Wednesday following four consecutive days of losses with continued low investor interest and volumes traded, brokers said. The Colombo benchmark All Share Price Index closed higher 3.16 points at 7,003.57 up 0.05 percent. S&P SL20 closed 2.13 points lower at 3,784.61 lower 0.06 […]
Sri Lanka stocks close down 0.4-pct: Turnover 14 week low
Nov 03, 2015 (LBO) – Sri Lankan stocks closed down at 0.41 percent on Tuesday for a fourth consecutive day with turnover reaching a 14 week low on lack of direction, brokers said. The Colombo benchmark All Share Price Index closed down 28.66 points at 7,000.41 lower 0.41 percent. S&P SL20 closed 8.76 points lower […]
Sri Lanka stocks close down 0.2-pct: Low investor activity
Nov 02, 2015 (LBO) – Sri Lankan stocks closed down at 0.18 percent on Monday following losses in some index heavy stocks with low investor activity and volumes traded, brokers said. The Colombo benchmark All Share Price Index closed down 12.99 points at 7,029.07 lower 0.18 percent. S&P SL20 closed 6.21 points lower at 3,796.79 […]
Interview: Three cases reopened, investigation division to expand in Nov, says SEC Chairman
Nov 02, 2015 (LBO) – The Securities and Exchange Commission of Sri Lanka has reopened three cases as part of probes that will be carried out by an expanded investigations and enforcement division, the SEC Chairman said.An SEC reorganization will be completed in November, and an upgraded surveillance system will be in place next year, […]
Sri Lanka stocks close down 0.3-pct: Net foreign out flow 319mn
Oct 29, 2015 (LBO) – Sri Lankan stocks closed down at 0.34 percent on Thursday with losses in index heavy stocks after a two week high, brokers said. The Colombo benchmark All Share Price Index closed down 23.96 points at 7,070.13 lower 0.34 percent. S&P SL20 closed 12.11 points lower at 3,827.89 down 0.32 percent. […]