Last Updated : 31-07-2014 16:39

 
 

Stock

Rupee slides to 6-week low, bond sales weigh

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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.
Views: 2461

Hemas-Thai based Minor group in US $ 70mn hotel project

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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.
Views: 4931

CSE makes commitment towards DVP introduction

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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.
Views: 2688

Dull trading haunts corp debt market

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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.
Views: 5418

Shares fall to near 3-week closing low

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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.
Views: 2400

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: 1910

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: 2578

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: 2409

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: 2076

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: 2404

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: 2224

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: 2355

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: 1703

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: 2038

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: 2147

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: 1742

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: 1636

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: 1431

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: 1614

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: 1912

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: 3385

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Video: Health workers in protest march
Video: Ravana Balaya at Buddha Sasana Ministry
Japanese coastguards cleaning Mt. beach