SL records US$ 1 bn BoP surplus

Sri Lanka recorded a Balance of payment (BoP) surplus of US$ 1, 006 in the first seven months of 2001, amidst officials reserves hitting over US$ 8 billion the Central Bank said

SriLankan reduces losses

Sri Lanka's national career, SriLankan Airlines has dramatically reduced its net loss to Rs.202 million in 2010/11 compared with to Rs.6 billion incurred during the 2009/10, the airline said

Dull sentiments prevail

The bourse experienced a relatively dull market environment and ended in a marginally positive ground. ASI closed at 6,737.68 points, up 1.66 points (+0.02%) while sensitive MPI gained 1.68 points (+0.03%) to settle at 6,027.49 points. The market turnover stood at Rs.1.4bn

Retailers dominate bourse

The bourse reopened on a flat note today. The benchmark ASI and MPI gained 1.42 points (0.02%) and 1.88 points (0.03%) to close at 6,736.02and 6,025.81 respectively. The turnover stood at Rs.1.4bn

Law tightens on illegal deposit takers

The proposed Finance Business Bill was passed by the Parliament and this new act will enhance the supervisory powers of the regulators over licensed finance companies and provide legal provisions to effectively curb unauthorised deposit taking persons and institutions

Stocks extend losses

Forced selling continued to dampen market sentiment today as both indices ended the day on the red. Selling pressure on low value stocks such as PAP, FLCH, TESS, BLUE,MULL contributed to the negativity

BOI signs US$500mn agreement for Col South terminal

The Board of Investment of Sri Lanka (BoI) today signed a US$ 500 million agreement with Colombo International Container Terminals Limited to develop and operate the Colombo South Container Terminal

Sentencing of Rajaratnam delayed

Sentencing of Raj Rajaratnam, the hedge fund magnate convicted in the biggest Wall Street insider trading case in years, has been postponed until October

Bourse dips

The bourse continued its downtrend today where broad levels of selloff were displayed on stocks. ASI decreased by 35.69 points (-0.52%YoY) to close at 6,792.88 where as sensitive MPI dipped by 30.89 points (-0.50%) to end at 6,138.33. Market turnover stood at Rs.2.0bn

NDB to form alliance with Singapore's DBS

Sri Lanka's National Development Bank PLC (NDB) is planning to create an alliance with Singapore's DBS Bank to strengthen the investment activities of the NDB group, the bank informed the Colombo Stock Exchange a while ago

Indices end in red

Colombo Stock Market endured a week trading pattern today where benchmark indices closed in red. ASI closed at 6,828.57, down 42.35 points (-0.62%) and MPI closed 6,169.22, down 40.02 points (-0.64%). Market turnover stood at Rs.1.8bn

CB keeps Policy rates unchanged

Central Bank of Sri Lanka is to maintain its policy rates at their current levels i. e. repurchase rate at 7 percent and reverse repurchase rate at 8.5 percent, a statement by the Central Bank said

Downward trend continues

Market continued to end in negative note as the regulator suspended 12 brokers from giving credit due to lack of capacity. ASI lost 44.68 points (-0.65%) to close at 6,850.93 while more liquid MPI lost 49.16 index points (-0.79%) to close at 6,178.49

Cargills to invest 500mn in Jaffna

Cargills (Ceylon) PLC is to invest Rs.500 million in a new shopping and entertainment complex in the heart of Jaffna town

Losing streak continues

The bourse extended its losing streak for the third day during the week due to the noticeable force selling activities by brokering houses. ASI dropped by 34.43 points (-0.50%) to end at 6,895.61 while sensitive MPI dipped by 42.76 points (-0.68%) to settle at 6,227.65. Market turnover stood at Rs.1.6bn

Market dips second straight day

The Sri Lankan stock market dropped for the second straight day today owing to broad selloff. ASI closed at 6,930.04, down 37.58 points (-0.54%) while sensitive MPI closed at 6,270.41, down marginally by 0.63 points (-0.01%). The market turnover was recorded Rs.3.1bn

Fitch affirms AAA for NSB

Fitch Ratings Lanka has confirmed National Savings Bank's (NSB) National Long-Term rating at 'AAA(lka)' with a stable outlook

Bourse records a slow start

Colombo shares ended lower today as both benchmark indices recorded losses. ASI dropped 22.71 points (-0.33%) to close at 6,967.62 while sensitive MPI lost 15.89 index points (-0.25%) to close at 6,271.04

CSE nod for Softlogic Capital

Colombo Stock Exchange (CSE) approved in principle an application put forward by Softlogica Capital Limited to list 27, 200, 000 ordinary shares of the company by way of an Introduction

Bourse ends in red

The market ended on negative territory today with ASI and MPI losing 6.26 points (-0.09%) and 33.83 points (-0.53%) to close at 6,991.60 and 6,293.65 respectively. Market turnover stood at LKR 2.9bn

ERI, officials compounded

Sri Lanka’s Securities and Exchange Commission in a while ago officially confirmed that it has carried out an investigation into Environmental Resources Investment PLC and compounded the company, its chairman and the two executive directors

7th Gen Volkswagen Passat hits SL roads

Since its debut in 1973 and 15 million vehicles produced over the years the Volkswagen Passant has evolved along with time and now into its seventh generation launched in Sri Lanka recently

Stock Market Update... 07th September 2011

The All Share Price Index gained 41.7 points to close at 6,997.9 (+0.6%), whilst the more liquid  Milanka Price Index also gained 34.4 points to close at 6,327.5 (+0.6%).

Market closes positive

The market snapped the previous day losing streak after witnessing a sharp pull back rally and closed on positive note taking cues from institutional investors

Yahoo CEO Bartz fired

Yahoo Inc Chairman Roy Bostock fired CEO Carol Bartz over the phone, ending a tumultuous tenure marked by stagnation and a rift with Chinese partner Alibaba

Sri Lanka August tourist arrivals up 30%

Sri Lanka's tourist arrivals jumped 29.6 percent in August from a year earlier with visitors expect to hit a record high, as the island nation kept attracting more visitors and tourism-related investment since the end of a 25-year civil war

Profit realization drags market down

The Sri Lankan market ended its winning streak today and closed on negative note mainly on account of the apparent profit realizing behavior in the market

Penny stocks rule

Colombo stocks continued the previous day’s winning streak and closed on positive note with high investor participation, mostly on penny stocks. ASI advanced by 47.42 index points (+0.68%) to close at 6,998.03 while sensitive MPI closed advanced by 29.79 points (0.47%) to close at 6,326.91. Daily market turnover stood at Rs.4.4bn

Stike ends at Ranala plant

The strike being held at the Lanka Floortiles PLC's Jalatara plant, Ranala has been called off and workers have resumed work according to Mahendra Jayasekera, Managing Director, Lanka Floortiles PLC

Stock Market Update... 01st September 2011

The All Share Price Index gained 72.2 points to close at 6,951.5 (+1.1%), whilst the more liquid  Milanka Price Index gained 67.9 points to close at 6,301.8 (+1.1%).