Central Bank of Sri Lanka Press Release
Strong policy measures were adopted by the Central Bank and the Government in the early part of the year to curtail excessive credit growth and contain the high import demand thereby arresting the imbalances that were emerging in the economy since the latter part of 2011. These measures were designed to curtail monetary expansion and possible future demand pressures while the reduction in the trade deficit was expected to dampen pressure on the external sector. At the same time, a one-off increase in headline inflation was anticipated on account of the upward revisions [...] Continue Reading…
Central Bank of Sri Lanka Press Release
The Milanka Price index (MPI) will be discontinued as of 1st of January 2013 following the launch of the S&P SL20 index earlier this year. Jointly launched by S&P Dow Jones Indices and the Colombo Stock Exchange the S&P SL20 follows a transparent and robust construction methodology in conformity with global best practice. Constituents of the S&P SL20 include, size as measured by float adjusted market capitalization, liquidity as measured by the last six month daily average turnover and the number of days traded, in addition to financial viability.
The S&P SL20 currently represents 54% of the total market in [...] Continue Reading…
Central Bank of Sri Lanka – Press Release
The public is hereby informed that the Monetary Board of the Central Bank of Sri Lanka has issued a licence under the Finance Business Act, No. 42 of 2011 to People’s Leasing & Finance PLC of No. 75, Sir Chittampalam A Gardiner Mawatha, Colombo 02 authorizing it to carry on finance business with effect from 08/11/2012
Department of Supervision of Non-Bank Financial Institutions
Address: Level 8, Central bank of Sri Lanka No. 30, Janadhipathi Mawatha,
P.O. Box 590, Colombo 01
Telephone Number: 011-2477500
Fax Number: 0112477738/2477697
e-mail address: email@example.comTags: CBSL, Central Bank, central bank of sri lanka, colombo, financial institutions, monetary board, press release, Sri Lanka
Sri Lankan stocks at 3-wk high as 2013 budget delivered
Nov 8 (Reuters) – Sri Lankan stocks edged to a three-week high on Thursday without making major gains as President Mahinda Rajapaksa delivered 2013 budget proposals.
Rajapaksa, who doubles as finance minister, said plans called for reducing the fiscal deficit to 5.8 percent of GDP in 2013, while attaining 7.5 percent economic growth next year.
The budget also encouraged new listing of shares and debts though tax exemptions. ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^
For details of the budget, see highlights ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^budget proposals, Colombo Stock Exchange, finance minister, mahinda rajapaksa, president mahinda rajapaksa, Sri Lanka 2013 Budget
Colombo Stock Market has recovered strongly from the technical correction saw yesterday and the early part of today’s trading session. At the end of the Thursday’s trading, ASI was up by 52.83 points to close at 5,901.97 while MPI closed at 5,558.06, up 69.35 points. S&P SL 20 Index closed 27.97 points higher at 3,169.61. Turnover also healthy at Rs 941 million.
Despite heavy profit booking market managed to end the day in green showing bullish investor sentiment. AVIVA NDB Insurance Plc gained 27.20 to close at Rs 316.90 while Blue Chip John Keells Holdings Plc closed 1.40 higher at [...] Continue Reading…Tags: aviva, banking sector, bullish trend, cse, hatton national bank, investor sentiment, john keells holdings, market sentiment, profit booking, stock market, strong market
OK I started this Stock Market Blog in year 2008. Although it commenced as a hobby I made a lot of money from advertising mainly from Google Adsense.
Now for personal reason I do not have enough time to spend with the blog and decided to sell it. Initially I am going to offer this opportunity only to Sri Lankans.
Buy it now price LKR 300,000/=
Payments Method – Local Bank Deposit.
Offer is valid for one month. (Ends on 11th October 2012).
Domain is registered at Name.com so buyer has to open a free account with Name.com in order to easy transfer.
Blog [...] Continue Reading…
At the end of Friday’s trading Colombo ASI was up by107.93 points to close the day at 5,496.85 while Milanka Index that represent 25 most liquid stocks of the bourse closed 98.04 higher at 5,093.36. The S&P SL20 Index also gained 47.80 points to end at 2,983.81. Market turnover remained healthy. Turnover for the day was amounted to 1.75 billion rupees.
There were considerable interest in Penny Stocks (Low Value Stocks). 22,826,454 shares of Lanka Orix Finance Plc traded and closed 30 cents higher at Rs 4.70. More than 8.9 million shares of Muller and Phipps (Ceylon) shares changed hands [...] Continue Reading…Tags: foreign investors, investor participation, penny stocks, sampath bank, upward trend, value stocks
Colombo Stock Indices continued its positive momentum for the fifth consecutive day . ASI gained 70.84 points to close at 5,250.99 while more liquid Milanka Index (MPI) closed at 4,904.53, up 92.54 points. S&P SL20 Index closed at 2,897.76, up 19.88 points. Day’s total turnover amounted to 982 million.
31,368,812 shares of E- Channeling Plc changed hands and closed 30 cents higher at Rs five rupees. According to the disclosure made by Capital Trust Holdings (Pvt) Ltd they have purchased 10% of the equity in E- Channeling Plc. Cash rich Blue Chip Distilleries Company of Sri Lanka Plc was up [...] Continue Reading…Tags: capital trust, commercial bank of ceylon, e channeling, insurance sector, momentum, Price Earning Ratio, stock indices
During past few days Colombo Stock Market is experiencing an upward trend. However it is prudent for small investors (retailers) to select stocks carefully. Buying stocks with extremely high price earning ratio and without regular dividend payments will bring troubles for you in case of sudden trend reversal. Speculation is OK but retailers must take lessons from “Pump and Dump” activities happened during 2010 and 2011.
At the end of Tuesday’s trading ASI was closed at 5,102.65, up 29.55 points. MPI gained 29.52 to close at 4,753.54. Day’s turnover amounted to 3.07 billion rupees.
aitken spence, buying stock, buying stocks, Colombo Stock Market, dividend payments, foreigners, john keells holdings, Price Earning Ratio, speculation, sri lanka telecom, stock market, trend reversal, upward trend
Actis Investment Holdings SL Ltd a foreign company had bought 10.8 percent stake in Asha Central Hospitals Ltd at Rs 250.00 per share. Net foreign inflow for the day amounted to Rs 980,185,452.00 . In another transaction 81,555,289 shares of Asiri Hospitals traded and closed 40 cents lower at Rs 7.50. Monday’s total market turnover amounted to Rs 1,763,431,151.30.
CSE All Share Index (ASI) was up by 23.33 points to close at 4,949.46 while Milanka Index (MPI) closed at 4,569.85, up 19.83 points. S&P SL20 index also gained 7.23 points to end the day at 2,799.31.Conglomerate John Keells Holdings Plc [...] Continue Reading…Tags: actis, aviva, carsons, central hospitals, george steuart, john keells holdings, market turnover, sec chairman, stock exchange announcement, thilak