Category: Markets
Sri Lanka’s CSE signs MoU with Maldivian counterpart
July 12, 2015 (LBO) – Sri Lanka’s Colombo Stock Exchange (CSE) signed a Memorandum of Understanding (MoU) with the Maldives to explore opportunities for cooperation between the two Exchanges.Chairman of the CSE Vajira Kulatilaka said the CSE is extending its reach beyond borders to cooperate commercially with its peer exchanges in the region, to collectively […]
Sri Lanka stocks close up 0.5-pct
July 10, 2015 (LBO) – Sri Lanka’s stocks closed up 0.53 percent on Friday for a second consecutive day with JKH and banking stocks continuing to show gains, brokers said. The Colombo benchmark All Share Price Index closed 37.07 points higher at 6,984.12 up 0.53 percent. The S&P SL20 closed 34.56 points higher at 3,905.27 […]
Sri Lanka stocks close up 0.3-pct; JKH gains
July 09, 2015 (LBO) – Sri Lanka’s stocks closed up 0.34 percent on Thursday, following three consecutive day of losses, with index heavy stocks and banks showing gains, brokers said. The Colombo benchmark All Share Price Index closed 23.26 points higher at 6,947.98 up 0.34 percent. The S&P SL20 closed 26.92 points higher at 3,877.29 […]
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July 09, 2015 (LBO) – Sri Lanka’s Fitch ratings announced a correction to the rating published on 28 May 2015 to include disclosure language relating to Central Bank of Sri Lanka’s shareholding in Fitch Ratings Lanka Ltd that was missing from the previous version. The full statement follows: Correct: Fitch Rates Sri Lanka’s USD Bond […]
Sri Lanka stocks close down 0.6-pct; JKH lower
July 08, 2015 (LBO) – Sri Lanka’s stocks closed down 0.63 percent on Wednesday, a third consecutive day of declines, with index heavy stocks showing losses, brokers said. The Colombo benchmark All Share Price Index closed 43.99 points lower at 6,923.79 down 0.63 percent. The S&P SL20 closed 41.16 points lower at 3,850.37 lower at 1.06 […]
Sri Lanka Stock Market up 15-pct by April 2015: Report
July 08, 2015 (LBO) – Sri Lanka’s main stock index showed an increase of 15.3 percent by end April 2015 in comparison to the same period last year, a recent Finance Ministry report said. “All Share Price Index (ASPI) reached 7,179 by end of April 2015, which is an increase of 15.3 percent in comparison […]
Sri Lanka stocks close down 0.3-pct on 12 week low
July 07, 2015 (LBO) – Sri Lanka’s stocks closed down at 0.31 percent for the second consecutive day on a 12 week low with index heavy stocks showing losses, Tuesday, brokers said. The Colombo benchmark All Share Price Index (ASPI) closed 21.63 points lower at 6,967.78 down 0.31percent. The S&P SL20 closed 19.96 points lower […]
Lanka Rating Agency not entitled in law to carry on business as a Credit Rating Agency nor review ratings: SEC
July 1, 2015 (LBO) – Sri Lanka’s Securities and Exchange Commission of Sri Lanka (SEC), at its meeting held on the 29th of June 2015, decided that due notice be given to members of the public that, registration of Lanka Rating Agency Limited (LRA) as a Market Intermediary under the category of ‘Credit Rating Agency’ […]
Sri Lanka North calls for private investments
June 30, 2015 (LBO) – Sri Lanka’s Northern Province calls for private investments in water disposal, recycling, construction, health care, hospitality, trade and vocational targeting at increasing household income of the people.“Some of the fundamental problems faced by the people of the North and the East are their socio-economic problems, the post conflict trauma, livelihood […]
Stocks close down 0.3-pct ahead of possible polls call
June 25, 2015 (LBO) – Sri Lanka’s stocks closed lower with index heavy stocks losing ground ahead of possible dissolution of Parliament, brokers said. The Colombo benchmark All Share Price Index closed 22.50 points lower at 7,031.33 down 0.32 percent and the S&P SL20 closed 14.34 points lower at 3,913.06 down 0.37 percent. Turnover was […]
Sri Lanka stocks close flat
Jun 24, 2015 (LBO) – Sri Lanka’s stocks closed flat, Wednesday with investors continuing to keep away from the market due to the prevailing uncertain political climate in the country, brokers said. The Colombo benchmark All Share Price Index (ASPI) closed flat at 7,053.83 The S&P SL20 closed 11.06 points lower at 3,927.40 lower at 0.28 […]
SEC considers introducing a mandatory rating for stock broking firms : SEC Head
June 24, 2015 (LBO) – Sri Lanka’s Security Exchange Commission says that it is looking at possibilities of introducing a mandatory rating for stock broking firms in the island.“Stock broking companies perform an important role in the capital market by facilitating trades for investors,” Thilak Karunaratne, Chairman of SEC said. “In the recent past the […]