Category: Money
Sri Lankan shares down 1.12-pct during week
Aug 14, 2009 (LBO) – Sri Lanka stocks closed weaker Friday, as a record loss by index heavy Dialog Telekom pulled the market down, while the rupee spiked in late trading, brokers and dealers said.The benchmark Colombo All Share Price Index (ASPI) closed down 0.38 percent to end at 2,501.19 (9.62 points), while the Milanka […]
Sri Lankan stocks close flat as buyers take stock of earnings
Aug 13, 2009 (LBO) – Sri Lankan shares closed flat on Thursday as retail investors recovered from a spate of weak earnings the June quarter, while plantation stocks that had exposure to tea picked up in price, brokers said. The benchmark Colombo All Share Price Index (ASPI) closed up 0.08 percent (1.95 points) to end […]
Sri Lankan blue chip shares fall on weak earnings
Aug 12, 2009 (LBO) – Sri Lankan stocks closed down Wednesday, dragged lower by index heavy blue chips as retailers, worried about weak June quarter earnings, sold out to cut losses, brokers said. The benchmark Colombo All Share Price Index (ASPI) closed down 0.72 percent (18.07 points) to end at 2,506.85, while the Milanka index […]
Sri Lankan shares close flat, blue chips down
Aug 11, 2009 (LBO) – Sri Lankan stocks closed flat Tuesday as retail investors were seen taking profits on selected blue chip and high value shares, while there was renewed interest in certain mid-cap counters, brokers said. The benchmark Colombo All Share Price Index (ASPI) closed up 0.09 percent (2.15 points) to end at 2,524.92 […]
Sri Lanka foreign reserves US$1,556mn in June
Aug 11, 2009 (LBO) – Sri Lanka’s official foreign reserves without an advance to local banks were 1,556 million US dollars in June, up from 1,291 in May, with 270 million US dollars flowing in to rupee Treasuries so far this year, the Central Bank said.In July, with the approval of a 2.6 billion US […]
Sri Lanka collects US$739.35mn US dollars since float
Aug 10, 2009 (LBO) – Sri Lanka’s central bank has collected 289.10 million US dollars from forex markets in July, bringing the total to 739.35 million US dollars since the float of the currency in March, the latest official data shows. The IMF has put in conditions to prevent inconsistent policy in the future, requiring […]
Sri Lankan shares down 0.27-pct
Aug 10, 2009 (LBO) – Sri Lankan share prices fell Monday, dragged down by index heavy blue chips as investors stayed away, waiting for corporate earnings, brokers said. The benchmark Colombo All Share Price Index (ASPI) closed down 0.27 percent (6.76 points) to end at 2,522.77 Monday, while the Milanka index of liquid stocks lost […]
Sri Lankan shares up 0.15-pct during week
Aug 07, 2009 (LBO) – Sri Lankan shares closed marginally down Friday as investors waited for foreign investors to enter the market and showed no reaction to the capture of a wanted Tamil Tiger leader, brokers said. The benchmark Colombo All Share Price Index (ASPI) closed flat to end at 2,529.53, while the Milanka index […]
Sri Lanka to close central bank swap with China: CB Governor
Aug 06, 2009 (LBO) – Sri Lanka’s central bank is expecting to close a “token” swap contract with China though the monetary authority is no longer in urgent need of dollars after an International Monetary Fund loan came through, Governor Nivard Cabraal said. Under the 20-month program Sri Lanka’s government and the central bank can […]
Sri Lankan shares up 0.34-pct
Aug 06, 2009 (LBO) – Sri Lankan stocks closed up Thursday with investors apparently optimistic of foreign inflows, while selected counters saw some volatility on poor corporate earnings, brokers said. The benchmark Colombo All Share Price Index (ASPI) closed up 0.34 percent (8.57 points) to end at 2,526.08 Thursday, while the Milanka index of liquid […]
Sri Lankan shares up 0.21-pct, blue chips gain
Aug 04, 2009 (LBO) – Sri Lankan stocks regained some lost ground Tuesday as investors took careful bets on selected blue chips such as John Keells Holdings (JKH) and Distilleries Company of Sri Lanka, but overall sentiment still remained weak, brokers said. The benchmark Colombo All Share Price Index (ASPI) closed up 0.21 percent (5.36 […]
Sri Lanka outperforms IMF reserve targets: Central Bank
Aug 04, 2009 (LBO) – Sri Lanka’s gross reserves have risen 71 percent to 2.1 billion US dollars by end-July from 1,272 million US dollars in March, which is higher than expected under an International Monetary Fund program, the Central Bank said.The central bank said it expected foreign reserves to increase due to inflows from […]