Friday, May 18th, 2012 at
8:49 am
FXCM Review: Advantages Of FOREX Trading With FXCM
FOREX (FOReign currency EXchange) is a market that allows investors to trade currency from one country for that of another. Unlike most financial markets, this one operates 24/7 with different centers coming online at different times around the world. Until recently, it was the private market of banks and large corporations. Today, regular investors may trade on this market using a variety of different brokers and platforms. This FXCM review will show some of the advantages of FOREX trading with FXCM (FOREX Capital Markets).
Experience
No FXCM review would be complete without a brief [...] Continue Reading…
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Wednesday, May 16th, 2012 at
6:28 pm
Most of March quarter corporate results released so far were showing profit growth specially in Banking sector. At the end of Wednesday’s trading the benchmark All Share Price Index was up by 87.82 points to close at 5213.68 while more liquid Milanka Index closed 4683.43, up 66.54 points. Day’s market turnover amounted to 542.52 million rupees.
It is prudent to focus on stocks with better results with long-term view. There are good stocks that fallen to very attractive levels mainly due to depressed condition of the overall market.
Total of 193 stocks closed positively while only 27 stocks ended in negative [...] Continue Reading…
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colombo dockyard,
hotel sigiriya,
market turnover,
multinational food,
negative territory,
net profit,
profit growth,
share price index
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Tuesday, May 15th, 2012 at
11:19 am
COMB Quarterly Statement
The Commercial Bank recorded a commendable growth in both pre & post tax profit of 40.04% and 37.99% for the three-month period ended March 31, 2012 compared to the corresponding period in 2011.The pre & post tax profit of the Bank reached Rs. 4,145.0 M n. and 2,843.3 Mn. respectively for the period. The net interest income of the Bank surpassed the Rs.5 Bn., mark and reached Rs. 5,0 65.5 Mn., recording a growth of Rs. 735.6 Mn., or 16.99% compared to the corresponding period in 2011. The main contributory factor for this increase was the increase [...] Continue Reading…
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COMB,
commercial bank of ceylon,
foreign exchange,
interest expenses,
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sri lanka rupee
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Monday, May 14th, 2012 at
1:01 pm
NDB Bank’s Chairman’s Review
It is my pleasure to report on the strong financial results of National Development Bank PLC (NDB Bank) st for the 1 quarter ended March 31, 2012.
The reported earnings included one off equity income of Rs 271 million on the sale of its investment in a 100 percent owned subsidiary, NDB Investment Bank Ltd (NDBIB) and of the 5 percent direct holding in AVIVA NDB Insurance PLC, to its subsidiary Capital Development and Investment Company PLC (CDIC) in March 2012. NDB continues to position itself as the only Financial Services Group in the country, with subsidiaries [...] Continue Reading…
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cdic,
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Saturday, May 12th, 2012 at
1:32 pm
Nations Trust Bank Plc – Financial Review – 1st Quarter 2012
The Bank closed the quarter with a post tax profit of Rs. 406Mn surpassing the previous period by 8%. Current year quarter was driven by a noticeable growth in business volumes, modest growth in top line revenue and controlled growth in operating expenses. All business pillars
contributed to PBT in equal measure resulting in a well balanced result. With the mandatory credit ceiling coming into effect, business portfolios were re-positioned to optimize returns in a controlled growth environment. Core-earnings posted good growth over 2011 with revenue increasing at the higher [...] Continue Reading…
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asset growth,
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currency volatility,
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NTB,
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Wednesday, May 9th, 2012 at
6:42 pm
Both ASI and MPI started positively but ended in red at the closing. The suspension of a Rs. 400 million The Finance deal added more fuel to the market downward run. However analysts warned this suspension will damage the credibility of the Market.
ASI lost 38.81 points to close at 5256.79 while MPI closed at 4714.78, down 26.91 points. Day’s total turnover amounted to 544.17 million rupees. Few crossings took place in JKH and PCH. Foreigners were net buyers with net inflow Rs 278,855,744.00.
156 stocks lost their value during the day’s trading while only 44 stocks closed higher. Hatton National [...] Continue Reading…
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crossings,
inflow,
jkh,
leasing company,
orix leasing,
stocks
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Friday, May 4th, 2012 at
7:27 pm
Press Release – CBSL
In February 2012, earnings from exports increased by 7.6 per cent to US dollars 879 million while the expenditure on imports increased by 27.9 per cent to US dollars 1,581 million over the corresponding month of the previous year.
The largest contribution to the export earnings in February 2012 was from industrial exports. Industrial exports grew by 3.3 per cent, year-on-year in February 2012 mainly driven by gem, diamonds and jewellery and rubber products. Export earnings from gems, diamonds and jewellery increased by 34.1 per cent. Earnings from rubber based products increased by 17.5 per cent due [...] Continue Reading…
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Thursday, May 3rd, 2012 at
7:39 pm
Colombo stocks slipped further in to negative territory at the end of Thursday’s trading. ASI closed 27.70 points lower at 5389.47 while Milanka index fell 6.95 points to close at 4823.78. Day’s total turnover amounted to 470.29 million rupees. Despite the negativity foreign investors were net buyers with net inflow of Rs 103,951,363.00.
CTC was up by 9.50 to close at Rs 699.50 while 120,832 shares of Commercial Bank of Ceylon Plc (COMB) changed hands and closed 60 cents higher at Rs 105.70. The Finance Company Plc closed at Rs 34.30, up 1.30. More than 1.5 million shares of PC [...] Continue Reading…
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carsons,
commercial bank of ceylon,
cumberbatch,
dividend per share,
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foreign investors,
negative territory
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Monday, April 30th, 2012 at
4:36 pm
At the end of the Monday’s trading Colombo ASI dipped 21.32 points to close at 5419.20 while more liquid Milanka Index (MPI) lost 6.16 to end the day at 4851.24. Day’s total market turnover amounted to Rs 631.23 million.
105 stocks ended in negative territory while 84 stocks closed higher. Union Bank of Colombo Plc (UBC) was up by 2.10 to close at Rs 18.30. Asiri Hospital Holdings Plc closed at Rs 8.40, up 80 cents. In Hotels and Travels sector Renuka City Hotel Plc was up by 7.50 to close at Rs 203.90.Palm Garden Hotel Plc closed at Rs [...] Continue Reading…
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colombo,
finance company,
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lighthouse hotel,
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Wednesday, April 25th, 2012 at
4:59 pm
According to the Reuters Sri Lanka’s rupee slid to a record low of 132.90 to the dollar on Wednesday as importers bought the U.S. currency on fears the local currency weaken further.
The benchmark All Share Price Index (ASI) closed marginally lower at 5440.01, down 3.97 points. Milanka index lost 4.89 points to close at 4886.80. Day’s market turnover amounted to 312.75 million rupees.
109 stocks closed in negative territory while only 56 stocks managed to close higher. Index heavy Blue Chip John Keells Holdings Plc was down by 70 cents to close at Rs 205.30 while Fixed wire line telecom [...] Continue Reading…
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blue chip,
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foreign investors,
ipo price,
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market turnover,
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sri lanka telecom
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