A host of positive factors ranging from healthy corporate earnings to lower interest rates and return of funds to long term investments will enable Sri Lanka’s capital market to bounce back strongly in the second half (2H) of this year, an equities report by a local brokerage said.
The new Securities and Exchange Commission (SEC) Act is now finalized and the SEC Commission will formally approve the amendments proposed within two weeks before it will be sent for Cabinet approval next month, the SEC Chairman said.
IFC, the private sector investment arm of the World Bank Group has extended a US $ 24 million tenor loan to National Development Bank (NDB), the bank said in a statement.
Sri Lanka's rupee hit a six-week low yesterday, weighed down by banks' demands for dollars to settle bond-related sales and importer buying of the U.S. currency, dealers said.
Sri Lanka's Hemas Holdings PLC, a family run conglomerate with a strong presence in FMCG and healthcare sectors has embarked on to develop 3 new hotel properties in partnership with Thai based Minor Group, a top official of the firm said.
The Colombo Stock Exchange (CSE) is striving to introduce the real- time margining and Delivery Versus Payment (DVP) mechanism for settlement of equities, despite certain setbacks in the implementation process, a top official said.
Despite the fact that a growing number of listed companies have been offering debentures as a way to raise capital, the market analysts find that those debentures are hardly seen trading in the secondary market, which is instrumental for the development of a vibrant corporate debt market, Mirror Business learns.
Sri Lankan shares fell for a third straight session yesterday to their lowest close in nearly three weeks, as investors booked profits in blue-chip companies like John Keells Holdings and Commercial Bank of Ceylon in an overbought market.
Shares slipped yesterday from their one-week high hit on Friday in thin trading, as retail investors booked profits in banking and hotel shares, but foreign buying in blue-chip companies helped an overbought market resist further fall.
Large block sales of J.L. Morison Son & Jones (Ceylon) PLC (MORI) have taken place in the Colombo Stock Exchange a while ago.
Sri Lanka’s John Keells Holdings PLC, the conglomerate with the largest market capitalization posted a net profit of Rs.13.6 billion, up 24 percent for the financial year ended March 2013.
MTD Walkers PLC, a company which has interests in construction and power generation, has reported a net profit of Rs.275.5 million for the financial year ended March 31, 2013, up by Rs.129 million the firm reported in the previous year.
The Colombo bourse saw foreigners snatching shares worth of Rs.1.09 billion yesterday, recording the highest net foreign inflow figure in nearly 2.5 months (after March 7)
The Rs.1.5 billion debenture issue by Singer (Sri Lanka) PLC has been oversubscribed and issue will close at 4.30 pm today as per the Prospectus
A substantial decrease in finance costs enabled Lanka IOC PLC (LIOC) to post a net profit of Rs.805.9 million for the three months ended March 31, 2013 (4Q12) as against Rs.42.6 million during the corresponding period of the previous year, interim financials released to the Colombo Stock Exchange revealed
Sri Lanka's diversified Hayleys PLC reported a net profit of Rs.490.8 million for the final quarter of FY12/13, up 267 percent year-on-year, helped by increased other income gains and a substantial deceleration of net finance costs.
Premier blue chip John Keells Holdings saw its market capitalization surpassing US $ 2 billion today for the first time amid sharp price gains, the Colombo Stock Exchange (CSE) provisional data showed.
Nestlé Lanka PLC, a unit of Swiss-based multinational, said its profit in the first quarter of 2013 (1Q13) rose 98 percent year-on-year (YoY) to Rs.914 million, mainly benefiting from the favourable exchange rate environment prevailed in the country
The consolidated post tax profit of Sri Lanka Telecom PLC (SLT) rose 226 percent Year-on-Year (YoY) to Rs.1.6 billion, helped by foreign exchange gains.
Sri Lanka's National Development Bank PLC (NDB) saw its group net profit falling 52 percent Year-on-Year (YoY) to Rs.500 million in the first quarter of 2013 (1Q13) despite bank's profit rising 387 percent
Shares rose for the fifth straight session yesterday to hit a new 1-1/2-year high, led by conglomerate John Keells Holdings despite foreign outflows as hopes of a rate cut at the Central Bank’s policy meeting later this week boosted local investor appetite for stocks.
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