Category: Money
Sri Lanka raises US$500mn for 7.4-pct
Oct 16, 2009 (LBO) – Sri Lanka has raised 500 million US dollars through a 5-year sovereign bond at a coupon interest rate of 7.4 percent, lower than an offering made two years ago, a media report said. There has been strong interest for the Sri Lanka bond running into billions of dollars, an international […]
Sri Lanka central bank to issue own securities to mop up inflows
Sept 30, 2009 (LBO) – Sri Lanka’s central bank will soon issue its own securities to mop rupee liquidity generated from purchasing foreign exchange, because the monetary authority is about to run out of its Treasury Bills portfolio, Governor Nivard Cabraal said. On Monday the monetary authority’s net Treasury bills position fell to 2.7 billion […]
Sri Lanka money broker in buyout
Sept 25, 2009 (LBO) – A money broking firm controlled by listed Seylan Merchant Bank, a unit of the Ceylinco group, will be sold to an investment vehicle promoted by key officials.A 51 percent stake in SMB Money Brokers (Pvt) Ltd, will be sold to ASIL Holdings, an investment vehicle, the company said in a […]
Sri Lanka pioneer closed-end fund raises Rs1.0bn
Sep 16, 2009 (LBO) – Sri Lanka’s first listed closed-ended fund, NAMAL Acuity Fund had been oversubscribed on the opening day and managers said an option to issue additional units will be exercised.Its managers said Wednesday it will issue 10 million units to raise 500 million rupees. The firm was planning to issue 10 million […]
Sri Lanka foreign reserves top US$4.0bn
Sept 15, 2009 (LBO) – Sri Lanka’s gross foreign reserves have topped 4.0 billion US dollars on September 10, the highest in the island’s history, the Central Bank said. The Central Bank also acquired dollars by directly swapping domestic assets to a foreign fund manager. The central bank started to collect foreign reserves after floating […]
Sri Lanka investors take profit after hotel share rally
Sept 10, 2009 (LBO) – Sri Lankan stocks ended marginally up Thursday as investors took profits on a hotel share rally but trading volumes remained above a billion rupees for the third straight day, brokers said.“Profit taking was seen in stocks like Sampath Bank and the hotel sector.” HDFC Bank closed at 170.50 rupees, up […]
Sri Lankan shares hit new 28 month high, up 84.9% in 2009
Sept 09, 2009 (LBO) – Sri Lankan shares closed up 2.3 percent Wednesday hitting a new 28-month high as retail investors pushed up the market, though expectations of profit-taking are emerging, brokers said. The benchmark had gained 84.9 percent from the beginning of the year while the Milanka was up 91.7 percent, the Colombo Stock […]
Sri Lankan shares close 1.66-pct up
Sep 07, 2009 (LBO) – Sri Lankan shares closed up almost across the board Monday as retail investors bet heavily on hotel stocks, while strategic investors bought into high value counters such as Commercial Bank, brokers said. The benchmark Colombo All Share Price Index (ASPI) was up 1.66 percent (43.78 points) to close at 2,674.55 […]
Sri Lankan stocks close flat
Sep 03, 2009 (LBO) – Sri Lanka shares closed flat Thursday, as retail investors took profits and bet heavily on Seylan Bank and Blue Diamonds Jewelry Worldwide non-voting shares, which are part of troubled Ceylinco Group, brokers said. The benchmark Colombo All Share Price Index (ASPI) was down 0.06 percent (1.55 points) to close at […]
Sri Lankan shares close up 0.91-pct
Sep 02, 2009 (LBO) – Sri Lankan shares closed up on Wednesday as retail investors chased after small and medium sized stocks on a highly speculative market, brokers said. Ceylinco Insurance non-voting shares closed at 135.25 rupees, up 10.25, while Ceylon Grain Elevators closed at 14.25 rupees, up 2.00. Warrats Environmental Resources Investments formerly Walker […]
Sri Lankan stocks close down 0.16-pct
Sep 01, 2009 (LBO) – Sri Lankan shares closed down Monday owing to profit taking from last week’s gains, while investors bet heavily on market speculation of a possible takeover of The Finance Company by Merchant Bank of Sri Lanka, brokers said. The benchmark Colombo All Share Price Index (ASPI) fell 0.16 percent (4.28 points) […]
Sri Lankan stocks down 0.06-pct
Aug 31, 2009 (LBO) – Sri Lankan shares closed flat Monday as retail investors took profits from last week’s gains in the hotel sector, but placed bets on selected high value counters and midcap stocks, brokers said. Environmental Resource Investments normal shares closed at 42.75 rupees, up 3.25 with 1.19 million shares changing hands. Sri […]