Sri Lanka rupee strengthens, stocks close higher

Dec 20, 2012 (LBO) – Sri Lanka’s stocks closed 0.2 percent higher Thursday amid foreign investor interest and the rupee strengthened sharply against US dollar, brokers and dealers said. Sri Lanka’s central bank usually weakens the rupee by purchasing dollar inflows to the state. Analysts have said that with policy rates over 9.0 percent, Sri […]

Sri Lanka stocks close down 0.2-pct

Dec 14, 2012 (LBO) – Sri Lanka’s stocks closed down 0.2 percent Friday taking a breather after two days of strong gains following a rate cut earlier in the week, brokers said. The benchmark Colombo All Share Index closed at 5,522.7 points down 24.6 points and the S&P SL20 Index closed up 1.5 points at […]

Sri Lanka stocks close up 1.8-pct

Dec 12, 2012 (LBO) – Sri Lanka stocks closed up 1.8 percent Wednesday after the Central Bank cut rates by 25 basis points, driven mostly by domestic buying, brokers said. Asian Alliance Insurance said it had been investing 177 million rupees in commercial paper of Softlogic Capital Ltd, a related party and earned interest of […]

Sri Lanka stock close up 0.2-pct

Dec 11, 2012 (LBO) – Sri Lanka’s stocks closed up 0.2 percent Tuesday, helped by gains in Nestle and CTC while forex markets saw import demand later in the day, brokers and dealers said. NDB Capital Holdings closed at 460.00 down 39.80 rupees, Hunters fell 44.90 to close at 294.50, Kelani Valley Plantations fell 7.80 […]

Sri Lanka stock close up 0.6 pct

Dec 06, 2012 (LBO) – Sri Lanka’s stocks closed 1.2 percent higher Thursday with foreign investors dominating trading, while the rupee closed higher after weakening in intra-day trade, brokers and dealers said. NDB Bank which exited a stake in Aviva insurance at a profit was actively traded with one million shares changing hands. The stock […]

Sri Lanka stocks barely changed, rupee extends gains

Dec 04, 2012 (LBO) – Sri Lanka’s stocks closed marginally lower Tuesday and the rupee extended gains to close at 128.35/45 levels against the spot US dollar, brokers and dealers said. The Central Bank’s Treasury bill stock rose to 217 billion rupees on Monday, pointing either to state loan settlements outside the domestic monetary system […]

Sri Lanka stocks close 0.2-pct lower, rupee stronger

Dec 03, 2012 (LBO) – Sri Lanka stocks closed 0.2 percent lower Monday amid thin trading, with some large cap stocks losing ground, while the rupee gained against the dollar, brokers and dealers said. The rupee opened at around 129.80/130.00 against the US dollar in the spot market and closed around 129.30/40 levels, after trading […]

Sri Lanka stocks slip 0.4-pct, turnover dips

Nov 26, 2012 (LBO) – Sri Lanka’s stocks closed 0.4 percent lower Monday while turnover dipped to 115 million rupees, levels not seen for three years, amid weak demand, brokers said. On Monday People’s Finance rose 2.60 to close at 33.80 rupees. The firm is due to be merged with its larger parent People’s Leasing […]

Sri Lanka stocks extend losses

Nov 21, 2012 (LBO) – Sri Lanka stocks extended losses, sliding 1.3 percent Wednesday on top a 1.2 percent fall a day earlier with losses across the board with some margin calls also contributing, brokers said. Sri Lanka’s stocks have now fallen over 600 points from an early October peak. Stocks went through a mini […]

Sri Lanka stocks close 0.26 pct higher

November 07, 2012 (LBO) – Sri Lanka stocks closed 0.26 percent higher Wednesday on gains made in banking counters, brokers said. AVIVA NDB Insurance PLC slipped 4.50 rupees to close at 365.50 rupees down 1.22 percent. Colombo Dockyard PLC gained 1.40 rupees to close at 217.50 rupees up 0.65 percent. Dialog Axiata PLC closed flat […]

Sri Lanka stocks close 0.31 pct higher

November 06, 2012 (LBO) – Sri Lanka stocks closed 0.31 percent higher Tuesday on the back of gains by John Keells Holdings. The Colombo All Share Index closed 17.28 points higher at 5,556.59 up 0.31 percent and the S & P SL 20 Index closed 7.23 points higher at 3012.98 up 0.24 percent. The day’s […]

Sri Lanka stocks close 0.13 pct higher

November 05, 2012 (LBO) – Sri Lanka stocks closed up 0.13 percent Monday posting a low turnover. AVIVA NDB Insurance PLC gained 5.00 rupees to close at 370.00 rupees up 1.37 percent. Colombo Dockyard PLC gained 0.10 cents to close at 217.70 rupees up 0.05 percent. Dialog Axiata PLC gained 0.20 cents to close at […]

Page 29 of 116