LKR has appreciated more than 5% against JPY since January 2021. JPY likely to go down further if government does not lift the ban on import of motor vehicles. Good time for a currency swap with Japan. #srilanka #japan
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- [b]Net foreign buying for past 10 weeks propels pre-Avurudu rally [/b]
- [b]Both indices up year-to-date for first time; net foreign inflow tops Rs. 7 b[/b]
After many months of pessimism, the Colombo stock market has shown signs of positivism spurred by heavy foreign buying boosting overall sentiment.
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[size=12]MENU[/size] FT TV E-PAPER
[size=33]Feb. exports up 2.5% to new high of Rs....
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A growth outlook of 4.5 per cent for this year, predicted in the Standard Chartered Bank’s report, ‘Outlook for Sri Lankan Economy’, had a positive impact on the share market yesterday. The growth was initially predicted to be 3.5 per cent, but the revised statistic had a positive impact on both main CSE indices, stock analysts said.
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The Colombo Stock Exchange has seen nearly LKR 800Bn in value wiped off between Friday last week and the all-time high level achieved in January but participants of the Bourse are bracing to recoup lost value on the belief economic upturn. lnkd.in/dKTEKkJ
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- [b]Global bullion trading firm’s MD and Expolanka’s second largest individual shareholder Farook Kassim looking at new greenfield and listed equities investment opportunities[/b]
- [b]Says fundamentally sound stocks undervalued hence attractive[/b]
- [b]Keen to be early investor; meets Port City executives and proposes setting up of gold exchange at Intl. Financial Centre; great potential...
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Russian billionaire Andrey Melnichenko is currently in Colombo and is expected to hold talks with the top level of the Sri Lankan government, including Prime Minister Mahinda Rajapaksa, Mirror Business learns. Melnichenko, who amassed his wealth mainly through mining activities and fertilizer business, is also expected to visit Colombo...
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- [b]Combined value of Rs. 85 billion [b]is highest quarterly earnings in the history of CSE[/b][/b]
- [b]Growth continued beyond pent-up demand in 3Q of 2020 up 15.6% QoQ[/b]
- [b]Multiple based valuations down as earnings...
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It is beyond our thinking how LALU traded between Rs. 16/- to 17.50 after 5 to 1 split recently. Our intention is to educate specially retail sector to enable them to obtain a good return. (1) A. Net profit for 9 months EPS -
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Prominent investors of the Colombo Stock Exchange (CSE) at a meeting with the Capital Market Minister.
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'Fearful when others are greedy and greedy when others are fearful' Most of us did it other way around. but may be it's time to listen to one of the best in the field and get it right.
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State Minister of Money, Capital Markets and Public Enterprise Reforms Minister Ajith Nivard Cabraal who participated in bilateral meetings with Pakistani Prime Minister Imran Khan said today that Pakistan was keen to invest in the Colombo Port city. The State Minister told the Daily Mirror the two sides discussed a wide...
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Look at the math re. Sri Lanka's Debt Dynamic: Sri Lanka is a USD 85 billion economy. The economy will generate Forex Inflows of around USD 32 billion in 2021, and possibly about USD 2 -3 billion more than that amount, each year, every year, thereafter. As of now (February 2021), the total ISBs outstanding is USD 14 billion, which is only 16.7% of Sri Lanka's total debt. None of the other Creditors who hold 83.3% of Sri Lanka's Debt seem to show any sign of concern or...
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Pump and dump is a term referred to an investment scheme which attempts to boost the price of a company’s stock through false and misleading promotions or highly exaggerated statements. As long as there have been stocks, there have been stock fraudsters who seek to inflate the price of stocks. Usually the con artist is a third party person who is not in any relation to the company about to be scammed. The only In most cases the company itself is clueless that it is part of a scam. It’s...
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ECONOMYNEXT- Sri Lanka had recorded a surplus in the external current account in the third quarter of 2020 and is expecting a marginal surplus in 2021, Central Bank Governor W D Lakshman said.“In 2020, a very rare thing has happened although it was still affected by Covid-19,” Governor Lakshman told reporters.
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I would suggest to CSE/SEC to followings may help to resolve down trend which resulted irresponsibility of them ·[size=9] [/size]Settlements must fix +7 days like 90s ·[size=9] [/size]Brokers licenses must cancel who failed to substantiate enough financial capabilities to cope with broker credit.
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Former Chairman of the Securities Exchange Commission (SEC) and State Minister of Urban Development, Coast Conservation, Waste Disposal and Community Cleanliness, Dr. Nalaka Godahewa lashed out at the Securities and Exchange Commission (SEC) and said that they were mainly responsible for the downfall of the Colombo Stock Exchange.
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It is only natural that Investing in stocks involves some risk. Stock market for beginners.
Do not let the fear of risk, or a lack of financial knowledge, keep you from getting started investing in stocks.Risk comes from not knowing what you’re doing.Invests in companies after thorough research. Only takes “educated”...
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CSE is very tiny market and it depend on few HNWI not the fundamentals (particularly when no foreign buying.) When the times come (as much as they collected forcefully brought down) they who capable to pump 5 X 1 billion will move the market upwards. When they realized profit plant reason to bring it down. As retailers what we can do is understand the move and react accordingly.
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ASI NEW TARGET 10500 (95% POSSIBILITY)CSE NEW TARGET 10500 (95% POSSIBILITY)
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Dinesh PereraThe Central Bank of Sri Lanka rejected the fear-mongering on the foreign reserve situation of the government. The Central Bank predicts growth of 6% in 2021 and expects a small current account surplus in the 3rd quarter.Negotiations are currently...
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- Forecasts 5.5-6% economic growth amid low base effect, resumption of tourism, vaccination drive and positive global economic outlook
- Says domestic investments have started to pick up, as seen in Purchasing Managers Index and Business Outlook Survey
- Expects private sector credit to grow by Rs.850bn this year
- Urges...
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The Colombo Stock Exchange (CSE) said yesterday the All Share Price Index (ASPI) has retained its position as the best performing primary stock market index in the world with the index closing trading on 5 February at 8,275.37 points, marking...
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The Securities and Exchange Commission of Sri Lanka (SEC) together with the Colombo Stock Exchange (CSE) met the CEO’s of the stockbroker firms for a discussion on the current status of the stock market this afternoon (11.02.2021). Candid views were expressed between the parties...
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Billions are at risk of missing out on the digital leap forward, as growing disparities challenge the social fabric. In the medium-term, the global economy will be threatened by the knock-on effects of the coronavirus crisis, while geopolitical stability will be critically fragile over the next 5 to 10 years. Environmental risks continue to threaten: they remain top risks by likelihood and impact in this year’s survey. The Global Risks Report 2021 is the 16th edition...
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[size=15]Sunday February 7, 2021 13:12[/size] ECONOMYNEXT – Royal Fernwood Porcelain Limited, manufacturer of porcelain tableware said it had begun producing engineering...
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The Ceylon Chamber of Commerce launched its annual Outlook Report for 2021, at the Economy + Sector Review and Outlook 2021 webinar on 3rd of February. The Outlook 2021 report published by the Economic...
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A research report published by HSBC Global Research last December expects Sri Lankan GDP to grow by 7% y-o-y in 2021, largely due to base effects since they estimated a 5% drop in GDP during 2020, new President of the National Chamber of Commerce of Sri Lanka (NCCSL) Nandika Buddhipala told the 62nd AGM at Kingsbury Hotel on Tuesday.
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Authors, Writers and Publishers can now post their articles on the 'EXPERT OPINION" section which will appear on the front page of the FINANCIAL CHRONICLE. Only the Moderators, Experts user-groups are allowed to post articles in the section. Other members are only allowed to comment. When posting ensure the articles start with a relevant photo for the subject and followed by the written content of the author. If you are interested in becoming an author please let us know in order to...
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CSE’s ASPI reached its all-time high index tally today closing the 10th trading day of 2021 on 7922.66 points. The previous highest points figure recorded was 7811.80 points on 14 February 2011. The ASPI gained 188.09 points today recording the eighth highest points gain in CSE’s 35 year...
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By Hiran H.Senewiratne The government will continue 289 infrastructure projects worth more than rupees five trillion despite current economic challenges, State Minister for Money and Capital Markets and State Enterprise Reforms Ajith Nivard Cabraal said. ” Sri Lanka was able to pull through a very difficult period due to the Covid 19 pandemic. Despite those challenges...
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Dynamic business leader Ishara Nanayakkara-controlled LOLC Holdings PLC today became the third US $ 1 billion company on the Colombo Stock Exchange (CSE), behind John Keells Holdings PLC and Ceylon Tobacco Company PLC.As at yesterday’s market close, LOLC Holdings’ market capitalization was Rs.198, 277, 200, 000.00, accounting...
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CSE Offers guidance to Stockbroker Firms on best practices and market Surveillance
In consultation with the Securities and Exchange Commission of Sri Lanka (SEC), the Colombo Stock Exchange (CSE) has issued a set of guidelines on best practices for Stockbroker Firms which are required to be adopted and implemented with immediate effect. The guideline has been approved by the SEC Commission on 13 January 2021 and were presented to the leadership of Stockbroker Firms which were unanimously accepted. Under these guidelines, as requested by the Stockbroker Firms, a 3-month grace period...
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- ASPI gained 729 points last week to close at new all-time high of 8,463 points
- Average turnover hits Rs.12bn; market cap increases by Rs.318 bn to Rs.3.69tn
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[ltr] Serial Entrepreneur and Silicon Valley Investor Insaaf Mohideen has arrived in Sri Lanka for a brief visit under the “Investor Bubble” scheme, the State Ministry of Money and Capital Markets and State Enterprise Reforms said.[/ltr] [ltr] Mohideen is a large-scale investor in alternate...
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[size=18]By Hiran H.Senewiratne [/size] Sri Lanka’s 2021 GDP growth prospects seem positive despite the economy contracting by 1.7 per cent and 16.3 per cent in the first and second quarters of 2020. However, the economy rebounded in the third quarter of 2020 and registered a growth of 1.5 per cent, Central Bank Governor Prof....
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[size=44] [/size] The government is building the necessary soft and hard infrastructure for the country to become a US $ 150 billion economy, with a per capita income of US $ 7000, by attracting investments, Money, Capital Markets and State Enterprise Reforms State Minister Ajith Nivard Cabraal said yesterday.
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World renowned financier and a member of Rothschild family, Nathaniel Rothschild who is in Sri Lanka for a brief business tour, paid a visit to Port City Colombo yesterday (14). He was accompanied by prominent Sri Lankan born British politician...
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By Sulochana Ramiah MohanTop British financier Nathaniel Rothschild is in Colombo and would be visiting the Port City today (14), Ceylon Today learns.Rothschild is the youngest of four children and only son and heir apparent of Jacob Rothschild, 4th Baron Rothschild,...
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British-born financier and a member of Rothschild family, Nathaniel Rothschild has arrived in Sri Lanka last evening in his private jet for a brief visit, Daily Mirror learns.The 49-year old, who is popularly known as Nat, is the heir apparent to the centuries-old European banking dynasty and the only son of Jacob Rothschild, the 4th Baron Rothschild.
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[size=18]By Saman Indrajith[/size] State Minister of Finance, Capital Markets and State Enterprise Reforms Ajith Nivard Cabraal told Parliament, on Friday, that Sri Lanka’s growth prospects were positive, underscored by a stable currency and sound debt repayment capacity.
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Please, comment Most NAV based discounted stocks in the market.
EDEN,RHL,...?
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Leading stockbroking firm Asia Securities (Pvt) Ltd., maintained that all signs point to a strong GDP growth trajectory in 2021. The latest Economic Outlook report titled Balancing the Priorities – The New Normal forecasts a GDP growth of 5.4% for 2021, driven by improved investor sentiment and consumer demand, an accommodative monetary policy environment, and a pickup in global demand.
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Excerpts from article published in 'ECONOMYNEXT' India’s Covid numbers have come down sharply and with vaccination in sight, India’s economic recovery will be “full-blown” by the next quarter with beneficial effects on Sri Lanka, India’s External Affairs Minister...
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CheaperHi, Friends! What is most discounted stocks in the market now?
I think, RHL,EDEN,PLC
Please, comment your pics
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By Lynn Ockersz ‘The time is right for Sri Lanka to change and take a leap to a higher level. Korea is the very country that can assist Sri Lanka to reach the pinnacle of national development and prosperity. Korea’s economic miracle, “The Miracle on the Han River” is a story of overcoming many hardships by the Korean people...
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