Last Updated : 02-09-2014 08:11

 
 

Stock

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: 1991

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: 3506

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: 1826

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: 1791

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: 1665

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: 2348

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: 2776

CSE opens 6th branch office in Anuradhapura

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The Colombo Stock Exchange (CSE) opened its 6th branch office in Anuradhapura yesterday.
Views: 1878

Bourse at 1-week low on interest rate concerns

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Stocks ended tad weaker yesterday to hit a one-week low despite foreign inflows, as investors were worried over upward pressure on interest rates after yields in Treasury bills rose for a fourth straight week.
Views: 1953

Stocks high on foreign buying

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Sri Lankan stocks edged up for the fourth straight session yesterday to a near fourweek high on foreign buying in blue chips like market heavyweight John Keells Holdings.
Views: 1668

Bourse near 1-month high on banks; rupee weaker

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Sri Lankan stocks rose for a third straight session yesterday to a near one-month high as investors picked up bank shares, but turnover was low as many investors stayed away because of rising interest rates.
Views: 1833

Stocks at 2-week high; foreign inflow hits 1-year high

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Share purchases in Sri Lankan insurer Asian Alliance Insurance PLC boosted stocks to a two-week high yesterday, with foreign inflows coming close to a one-year high.
Views: 2061

Stocks fall to 2-month low; rupee ends steady

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Sri Lankan stocks fell to a two-month low yesterday led by large caps with local retail investor sentiment hit by both political and economic concerns, but foreign buying boosted turnover.
Views: 1855

Three more capital market road shows in the pipeline

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Following the conclusion of the capital market road show in Mumbai in February which drew over 150 foreign fund managers, the Colombo Stock Exchange (CSE) is currently planning three more road shows in major commercial hubs in the Asian region.
Views: 2340

400 listed companies by 2016 - SEC Chairman

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The Colombo Stock Exchange (CSE) is expected to see the number of listed companies rising to at least 400 by 2016 from the existing 287.
Views: 8244

SKM Lanka relaunched as Serendib Stockbrokers

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SKM Lanka Holdings (Private) Limited, a subsidiary of Pakistan’s ArifHabib Group, was re-branded as Serendib Stockbrokers (Pvt) Ltd recently.The re-branding of Serendib, which followed the direct takeover of the management of the company by the ArifHabib Group in April last year, is part of a new marketing drive targeting increased foreign investment, particularly from the Group’s existing international clients.
Views: 2872

Stocks at 5-week low on telcos; Rupee at 7-week low

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Sri Lankan stocks fell to a five-week low yesterday, dragged by top mobile phone operator, Dialog Axiata, on the back of a drop in earnings. The rupee slid to a seven-week low against the dollar.
Views: 1918

SEC launches book to enhance investor education

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The Securities and Exchange Commission of Sri Lanka (SEC) yesterday launched a book titled ‘Ayojanayata Mulapuramu’ with a view to enhance knowledge in investing in the capital market of Sri Lanka.
Views: 2472

Stocks slip after IMF loan deal dropped

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Sri Lankan stocks slipped from a two-week high yesterday after the central bank said the country had decided not to pursue a new IMF loan after months of discussion. The main share index fell 0.26 percent, or 15.24 points, to end at 5,836.11.
Views: 2151

Stocks fall on telcos, banks; rupee firms

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Sri Lankan shares ended lower for a fifth straight session yesterday as retail investors sold telecom shares while foreign interest, mainly in Hatton National Bank, boosted turnover, brokers said.
Views: 2680

Bourse slips on foreign selling, profit-taking

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Sri Lanka’s shares extended falls for the second day yesterday as retail investors booked profits in large-caps amid foreign selling, while the rupee ended firmer on inflows into government bonds.
Views: 2519

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Launch of ‘Adara Ankura’
Remembering Anagarika Dharmapala
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Launch of ‘Adara Ankura’
Remembering Anagarika Dharmapala
Harin in Passara
Series win