Category: Markets
Central bank holds rates unchanged; private sector credit up 21 pct
Sept 25, 2015 (LBO) – Sri Lanka’s central bank held key interest rates unchanged on Monday despite credit to the private sector rising 21 percent due to low interest rates amid a further drop in foreign reserves. The Standing Deposit Facility Rate (SDFR) and the Standing Lending Facility Rate (SLFR) of the Central Bank were […]
Sri Lanka stocks edge lower, turnover picks up
Sep 25, 2015 (LBO) – Sri Lankan stocks closed lower 0.06 percent on Friday with investors concerned over domestic economic conditions, brokers said. The Colombo benchmark All Share Price Index closed down 4.03 points at 7,110.80 lower 0.06 percent. S&P SL20 closed 2.30 points lower at 3,889.52 down 0.06 percent. Turnover was 1.2 billion rupees, […]
Sri Lanka stocks close down 0.05-pct
Sep 23, 2015 (LBO) – Sri Lankan stocks closed down 0.05 percent on Wednesday with losses in some index heavy stocks, brokers said. The Colombo benchmark All Share Price Index closed down 3.55 points at 7,114.83 lower 0.05 percent. S&P SL20 closed 11.48 points higher at 3,884.22 down 0.29 percent. Turnover was 747.5 million rupees, […]
Asian stocks hit by falling commodity prices in US
Sep 23, 2015 (LBO) – Asian stocks hit a negative in early Wednesday trade following a major U.S. averages crashed more than 1 percent overnight, foreign media reports showed. Commodity prices hit two-week lows on Tuesday, with U.S. crude oil down to 45.83 US dollars a barrel. Chinese shares dipped ahead of the key factory activity data […]
Sri Lanka stocks close up 0.2-pct on three week high: Poultry gains
Sep 22, 2015 (LBO) – Sri Lankan stocks closed up 0.20 percent on Tuesday with gains in John Keels Holdings and poultry stocks, brokers said. The Colombo benchmark All Share Price Index closed up 14.01 points at 7,118.38 higher 0.20 percent. S&P SL20 closed 17.98 points higher at 3,899.02 up 0.46 percent. Turnover was […]
Asian stocks rebound following gains in US and Europe
Sep 22, 2015 (LBO) – Asian indices rebounded after heavy losses Monday following gains made in Wall Street as well as European stocks, foreign media reports said. Chinese markets opened higher, with the Shanghai Composite up 0.88 percent to 3,184 points while Hong Kong’s benchmark Hang Seng index gained 0.77 percent. Korea’s benchmark Kospi […]
Sri Lanka stocks close down 0.05-pct: Low investor activity
Sep 21, 2015 (LBO) – Sri Lankan stocks closed down 0.05 percent on Monday with low investor activity and losses in index heavy stocks, brokers said. The Colombo benchmark All Share Price Index closed down 3.50 points at 7,104.37 lower 0.05 percent. S&P SL20 closed 2.49 points lower at 3,883.22 down 0.06 percent. Turnover was […]
Debt report: Sri Lanka market watchful after IMF comments
Sept 21, 2015 (LBO) – Sri Lanka’s debt market was watchful on Monday after International Monetary Fund remarks that the central bank could adopt a tightening bias. The bond market cramped up with thin trading, dealers said, as secondary yields of five year bonds ticked up slightly by 5 basis points. On Friday, the IMF […]
Asian markets lower on Fed intransigence, Tsipras wins Greece election
Sept 21, 2015 (LBO) – Asian shares fell on Monday following weaker U.S. markets on Friday after the U.S. held interest rates unchanged citing global growth concerns. The Australian ASX 200 has plunged 2.5 percent, Shanghai is down 0.59 percent and the Hang Seng is 1.33 percent lower. This follows a fall in U.S. markets […]
Asiri Hospital to sell shares to Actis Investment, up stake in Central Hospital
Sep 19, 2015 (LBO) – Asiri Hospital Holdings will sell new shares to Actis Investment Holdings, a private equity firm, for 845.7 million rupees, the company said in a statement. The funds will be used to raise its stake in Central Hospital from 68 percent to 99.7 percent, the company said in a stock exchange […]
Sri Lanka stocks close down 0.08-pct: JKH losses
Sep 18, 2015 (LBO) – Sri Lankan stocks closed down 0.08 percent on Friday with low investor activity and losses in John Keells Holding, brokers said. The Colombo benchmark All Share Price Index closed down 5.64 points at 7,107.87 lower 0.08 percent. S&P SL20 closed 7.94 points higher at 3,893.02 up 0.20 percent. Turnover was […]
Asian stocks mixed following Fed decision to hold rates
Sep 18, 2015 (LBO) – Asian markets traded mixed after the US Federal Reserve kept interest rates unchanged. Japan’s Nikkei 225 index was down 1.5 percent to 18,164.41 in morning trade. Chinese shares, Shanghai Composite index was up 0.8 percent to 3,111.13, while Hong Kong’s Hang Seng index was up 0.4 percent to 21,933.95 in early trade. South […]