Tag: lbo.lk
Sri Lanka gearing up for period of continuous growth: Softlogic Stockbrokers
Sep 03, 2015 (LBO) – Sri Lanka is heading into a decisive phase and we expect continuous growth in the island for the next few years through consistent government policy, a senior stockbroker said.“I think this is a critical phase for the country and we are looking at a new horizon,” Dihan Dedigama, Chief Executive […]
Asian stocks up as China takes long week-end break
Sep 03, 2015 (LBO) – Asian markets opened higher on Thursday, following a Wall Street rally on Wednesday and stronger commodity prices, foreign media reports said. Japan’s benchmark Nikkei index was up 1.8 percent to 18,412.2 in early trade. While, In South Korea, the benchmark Kospi index was higher by 0.8 percent at 1,929.6 after […]
‘s SMEs need more growth capital to be competitive: ADB
Sep 03, 2015 (LBO) – Sri Lanka’s and the rest of Asia’s small and medium sized enterprises (SMEs) need finance to help them grow into dynamic, internationally competitive companies, an Asian Development Bank (ADB) report said.This is key to strong, sustainable growth in Asia as the world recovers from the recent global economic slowdown, says […]
Sri Lanka treasury bill yields up; 1-year up 20 bp at 7.17pct
Sep 02, 2015 (LBO) – Sri Lanka’s treasury yields were up at Wednesday’s auction with the 3-month yield up 26 basis points to 6.79 percent, data from the state debt office showed.The 6-month yield were up 20 basis points to 7.07 percent, and the 12-month yield also rose 20 basis points to 7.17 percent. The […]
Sri Lanka stocks close down 0.8-pct
Sep 02, 2015 (LBO) – Sri Lankan stocks closed down 0.80 percent on Wednesday for the third consecutive session with investors continuing to take profits, brokers said. The Colombo benchmark All Share Price Index closed down 58.36 points at 7,240.39 down 0.80 percent. S&P SL20 closed 26.05 points lower at 3,981.27 down 0.65 percent. “Investors […]
Google launches new mobile friendly logo
Sep 02, 2015 (LBO) – Google unveiled a new logo for its core search services smoothing out some of the features in the letters that make up the well-known colourful logo spelling out its name, the company said in a blog report. The revamped logo is “simple, uncluttered, colorful, friendly” and represented the best of […]
Sri Lanka stocks close down 0.1-pct: Profit taking
Sep 01, 2015 (LBO) – Sri Lankan stocks closed down 0.11 percent on Tuesday with investor taking profit and losses in the banking sector stocks, brokers said. The Colombo benchmark All Share Price Index closed down 8.19 points at 7,298.75 down 0.11 percent. S&P SL20 closed 18.94 points lower at 4,024.09 down 0.47 percent. “Almost […]
Nestle Lanka continues Rs 10bn investment plan; to comply with listing rule
Sep 01, 2015 (LBO) – Nestlé Lanka, a unit of the Swiss-based food group, said they would continue to invest in infrastructure, brands and people as part of a 5-8 year plan to invest 10 billion rupees in the island.“We’ve so far invested about four billion rupees and this is ongoing and there is no […]
Sri Lanka stocks close down 0.6-pct: Low investor activity
Aug 31, 2015 (LBO) – Sri Lankan stocks closed down 0.59 percent on Monday with low investor activity and losses in the index heavy stocks, brokers said. The Colombo benchmark All Share Price Index closed down 43.58 points at 7,306.42 down 0.59 percent. S&P SL20 closed 23.72 points lower at 4,025.43 down 0.57 percent. “There […]
Sri Lanka stocks close up 1-pct: JKH gains
Aug 28, 2015 (LBO) – Sri Lankan stocks closed up 1.06 percent on Friday for the third consecutive session despite foreign selling as the bargain hunters dominated the market activities as index heavy stocks made gains, brokers said. The Colombo benchmark All Share Price Index closed up 89.08 points at 7,362.22 up 1.22 percent. S&P […]
Asian markets volatile; China extends losses, ASPI drops 1 pct
Aug 25, 2015 (LBO) – Asian share markets temporarily bounced back before heading into the red with Chinese stocks diving, a day after their worst plunge since 2007. China’s benchmark Shanghai Composite was down 7.9 percent on Tuesday, after falling 8.5 percent on Monday. The sell-off was driven by fears that China’s slowing growth might […]
Stocks close down 1.9-pct amid global market uncertainty
Aug 24, 2015 (LBO) – Sri Lankan stocks closed down 1.9 percent on Monday with index heavy stocks making losses and investors taking profits amid international market uncertainty, brokers said. Global markets took a beating on Monday after China’s Shanghai composite index tumbled 8.49 percent, erasing gains made so far this year. The London FTSE […]