Category: Markets
Sri Lanka stocks close up 1.4-pct; JKH rings the opening bell
Apr 01, 2015 (LBO) – Sri Lanka’s stocks closed higher for the second consecutive day with telco and tobacco stocks gaining amid net foreign buying, brokers said. The Colombo benchmark All Share Price Index closed 95.74 points higher at 6,916.08, up 1.40 percent. The S&P SL20 closed 48.24 points higher at 3,900.67, up 1.25 percent. […]
Sri Lanka stocks close up 1.4-pct; JKH rings the opening bell
Apr 01, 2015 (LBO) – Sri Lanka’s stocks closed higher for the second consecutive day with telco and tobacco stocks gaining amid net foreign buying, brokers said. The Colombo benchmark All Share Price Index closed 95.74 points higher at 6,916.08, up 1.40 percent. The S&P SL20 closed 48.24 points higher at 3,900.67, up 1.25 percent. […]
Sri Lanka’s stocks close up 0.6-pct
Mar 31, 2015 (LBO) – Sri Lanka’s shares were up Tuesday following days of negative trading with investors taking profit in banking and index heavy counters, brokers said. The Colombo benchmark All Share Price Index closed 37.91 points higher at 6,820.34, up 0.56 percent. The S&P SL20 closed 19.90 points higher at 3,852.43, up 0.52 […]
Sri Lanka’s stocks close down 1.3-pct
Mar 30, 2015 (LBO) – Sri Lanka’s shares were down Monday with the benchmark index continuing to drop dragged down by banking and index heavy counters, brokers said. The Colombo benchmark All Share Price Index closed 86.42 points lower at 6,787.10, down 1.33 percent. The S&P SL20 closed 68.81 points lower at 3,832.53, down 1.76 […]
”; outlook stable
Mar 27, 2015 (LBO) – Fitch Ratings has affirmed HSBC Sri Lanka Branch’s (HSBCSL) National Long-Term Rating at ‘AAA(lka)’. The Outlook is Stable. The full text is reproduced below. Fitch Ratings-Colombo-27 March 2015: Fitch Ratings Lanka has affirmed HSBC Sri Lanka Branch’s (HSBCSL) National Long-Term Rating at ‘AAA(lka)’. The Outlook is Stable. KEY RATING DRIVERS […]
‘BB-: New taxes will hasten industry consolidation
Mar 02,2015 (LBO) Fitch Ratings has affirms Sri Lanka Telecom’s (SLT) long-term foreign- and local-currency ratings at ‘BB-‘ and national long-term rating at ‘AAA(lka)’ with a stable outlook. However it said with the new adjustments of the new administration’s interim budget SLT is likely to pay around 3.5- 4 billion rupees in additional taxes. Fitch […]
” with a stable outlook : Rating agency
Mar 27, 2015 (LBO) – Fitch Ratings Lanka has affirmed Siyapatha Finance PLC’s (SLFL) national long-term rating at ‘A(lka)’ with a stable outlook, the rating agency said in a media statement. The agency has also affirmed SLFL’s outstanding senior unsecured debentures at national long-term rating of ‘A(lka)’ and outstanding subordinated debentures at ‘A-(lka)’. The full […]
” : Fitch Ratings
Mar 27, 2015 (LBO) – Sri Lanka Fitch Rating has rated Sri Lankan based AMW Capital Leasing and Finance PLC’s (AMCL), national long term rating to ‘BBB+lka)’ from ‘BB-(lka)’ with a stable outlook the rating agency said in a statement. The multiple-notch upgrade follows Fitch’s assessment of support from its 90 percent-parent, Associated Motorways Limited […]
Sri Lanka shares down 0.7-pct
Mar 26, 2015 (LBO) – Sri Lanka’s shares were down Thursday for the fourth consecutive day with the benchmark index not recovering following yesterday’s dip below the 7,000 mark, brokers said. The Colombo benchmark All Share Price Index closed 50.20 points lower at 6,922.83, down 0.72 percent. The S&P SL20 closed 30.49 points lower at […]
Sri Lanka’s Softlogic Finance rights oversubscription caters to private sector credit demand
Mar 26, 2015 (LBO)-Sri Lanka’s Softlogic Finance PLC’s said its rights issue which was over-subscribed by over 150 per cent with the new equity infusion of 401 million rupees, came at an opportune time with demand for credit by the private sector showing notable increases on the back of reduction of interest rates to multi-year […]
Sri Lanka venture engine call for fresh business proposals
Mar 26, 2015 (LBO) – Sri Lankan venture engine angel investor group in partnership Blue Ocean Ventures and the Indian Angel Network (IAN) called for fresh business proposals from start-ups who are looking for funding and mentoring support, a statement said.The company said, 15 new companies have been funded by the programme to the value […]
Sri Lanka’s Fitch withdraws rating on John Keells Holdings
Mar 25, 2015 (LBO) – Sri Lanka’s Fitch Ratings has withdrawn the rating on diversified conglomerate John Keells Holdings (JKH), the rating agency said in a statement. Prior to the withdrawal, JKH’s National Long-Term Rating was at ‘AA+(lka)’ with Stable Outlook. The rating has been withdrawn because there will be insufficient information to maintain the […]