Last Updated : 24-04-2014 19:37

 
 

Stock

Shares slip from 1-week high; foreigners buy

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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.
Views: 1680

J.L. Morison shares change hands

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Large block sales of J.L. Morison Son & Jones (Ceylon) PLC (MORI) have taken place in the Colombo Stock Exchange a while ago.
Views: 2311

JKH FY 2012/13 net up 24% to Rs.13.6bn

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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.
Views: 2002

MTD Walkers records Rs.275.5mn net profit for FY12/13

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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.
Views: 1861

Over Rs.1bn foreign buying at CSE; total inflows top Rs.12.5bn

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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)
Views: 2190

SL’s Singer raises Rs.1.5bn in debt securities

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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
Views: 1997

Sri Lanka’s Indian oil unit records profits

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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
Views: 2113

Hayleys records substantial profit gains for final quarter, FY12/13

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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.
Views: 1500

JKH’s market cap surpasses US $ 2bn

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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.
Views: 1790

Nestlé Lanka net up 98% to Rs.914mn amid favourable exchange rate

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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
Views: 1901

SLT records Rs.1.6bn net profit for first quarter

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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.
Views: 1501

NDB group net down 52%; bank profits surge on equity income

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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
Views: 1429

Bourse steady at 1-1/2-year high; Keells leads

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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.
Views: 1233

Bourse at 1-1/2 yr high on blue chips, retail buying

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Sri Lankan shares closed at their highest in nearly 1-1/2 years yesterday, led by blue chips, due to an improved appetite for risky assets after heavy foreign buying amid hopes of a rate cut at the central bank’s policy meeting later this week.
Views: 1422

Stocks close at 16-month high

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Sri Lankan shares hit a 16-month high yesterday on expectations of a rate cut at a central bank policy meeting later this month, traders said.
Views: 1678

CSE to revise debt market rules

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The Colombo Stock Exchange (CSE) is currently in the process of amending regulations pertaining to the listing of debt securities, according to CSE’s Assistant General Manager of Regulatory Affairs, Renuke Wijayawardhane.
Views: 2142

Shares at 6-month high on diversified shares, retail buying

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Shares hit a sixmonth high yesterday, as investors bought diversified shares and retail investors came back after the Central Bank said there would be room for further monetary policy easing.
Views: 1559

Stocks up on foreign buying

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Shares hit a two-and-ahalf month high yesterday, led by foreign buying, after the central bank said there would be room for further monetary policy easing, though it freezed the key policy rates for April.
Views: 1472

Rupee at 1-year high; stocks at 7-week peak

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The Sri Lankan rupee gained slightly to its highest close in a year yesterday on dollar inflows from inward remittances and exporter conversions ahead of the traditional New Year, dealers said. The rupee edged up to 125.50/55 to the dollar, from Friday’s close of 125.50/70, its strongest close since April 9, 2012.
Views: 1390

Stockbrokers launch code of ethics, website

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The Colombo Stockbrokers Association (CSBA) recently launched a code of ethics and website to promote best practices and standards among its membership.
Views: 1984

SEC special approval to Royal Ceramic for early Asia Siyaka share sale

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Royal Ceramic PLC (RCL) last week completed the sale of the controlling stake of Asia Siyaka PLC to Lanka Commodity Brokers Ltd, using a special approval granted by the country’s market regulator.
Views: 2335

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