FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
FINANCIAL CHRONICLE™️
www.srilankachronicle.com


Join the forum, it's quick and easy

FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
FINANCIAL CHRONICLE™️
www.srilankachronicle.com
FINANCIAL CHRONICLE™
Would you like to react to this message? Create an account in a few clicks or log in to continue.

Encyclopedia of Latest news, reviews, discussions and analysis of stock market and investment opportunities in Sri Lanka


Submit PostSubmit Post
ශ්‍රී ලංකා මූල්‍ය වංශකථාව - සිංහල
Submit Post



Latest topics

» FUTURE of BROWNS INVESTMENT PLC (BIL)
by ONTHEMONEY Today at 6:53 pm

» Sri Lanka Investment Forum 2021
by samaritan Today at 1:06 pm

» Related party transactions in Banks cause concerns
by ChooBoy Yesterday at 10:59 pm

» Daily Foreign Transactions
by Pradeep90 Yesterday at 10:24 pm

» Japanese money laundering via PABC Bank raise CB eye brows
by Lotus Eater Yesterday at 9:34 pm

» Principal governmental and regulatory policies that govern the banking sector in Sri Lanka
by Lotus Eater Yesterday at 9:18 pm

» Ban of chemical fertilizers is a great news
by ADVENTUS Yesterday at 6:29 pm

» DIPD/HAYC/HAYL
by ADVENTUS Yesterday at 1:11 pm

» Peoples leasing technically positive Target Price Rs 20
by Eranx Yesterday at 11:30 am

» PEOPLE'S LEASING & FINANCE PLC
by Eranx Yesterday at 11:29 am

» "MFL" DEAL to 12 RS (multi finance plc)
by Bakka1988 Thu May 06, 2021 11:22 pm

» GLAS will be winner with Super Gain.
by Promoney Thu May 06, 2021 10:30 pm

» What happens in the market is absolutely 100% out of your control. Stock market for beginners
by Asoka Samarakone Thu May 06, 2021 9:45 pm

» Synergies of possible merger between Sampath Bank and PABC
by CHRONICLE™ Thu May 06, 2021 5:42 pm

» ACCESS ENGINEERING ( AEL.N )
by ADVENTUS Thu May 06, 2021 1:50 pm

» Prime Lands Residencies Limited (PLR)
by Nandun Thu May 06, 2021 10:42 am

» EXPOLANKA HOLDINGS PLC (EXPO.N0000)
by Captain Wed May 05, 2021 11:51 pm

» Growing Fear
by Wickyz Wed May 05, 2021 8:15 pm

» CONGRATULATIONS TO FINANCIAL CHRONICLE ON THIS 11TH YEAR
by CHRONICLE™ Wed May 05, 2021 3:31 pm

» HNB to merge with Seylan Bank?
by reyaz Wed May 05, 2021 11:37 am

EXPERT CHRONICLE™

ECONOMIC CHRONICLE

GROSS DOMESTIC PRODUCT (GDP)


CHRONICLE™ YouTube

CHRONICLE™ NEWS PRODUCTS

FINANCIAL CHRONICLE™

Views & Reviews, Analysis, Evaluations, Discussions, Gossip and Hot Tips relating to Sri Lankan companies listed on the Colombo Stock Exchange (CSE)
Contribute




DAILY CHRONICLE™

Latest news and articles published in Newspapers, Websites, Blogs and other online news sites relating to business and investments in Sri Lanka
Contribute



ECONOMIC CHRONICLE™

This is a section that provide news, views, analysis, predications relating to Political and Socio-Economic factors and how such activities affect the Stock Market and other economic activity of the Country.

Contribute




EXPERT CHRONICLE™

This is an exclusive section for Expert Articles which will help member to share knowledge through comments and responses of the members. All members are allowed to reply and make comments to these articles.

Contribute


Submit Post


CHRONICLE™ YouTube

Youtube Videos and other visual presentations relating Stock market and other investment advise submitted by members or other contributors.

Contribute


Submit Post


කොළඔ කොටස් වෙළඳපොළේ වංශකථාව
කොළඔ කොටස් වෙළඳපොළේ ලැයිස්තුගත සමාගම් කොටස් ගැන තොරතුරු¸විශ්ලේෂණ¸සාකච්ඡා¸ කටකතා¸රසකතා යන සියල්ල අපේම සිංහලෙන් කතා කළ හැකි ‘කතා මණ්ඩපය’

Contribute

Twitter Feeds
POPULAR COMPANIES
A

ABANS ELECTRICALS PLC

ACCESS ENGINEERING PLC Hot

ACL CABLES PLC

ACL PLASTICS PLC

ACME PRINTING & PACKAGING PLC

AGSTAR PLC

AITKEN SPENCE HOTEL HOLDINGS PLC

AITKEN SPENCE PLC

ANILANA HOTELS AND PROPERTIES PLC

ARPICO INSURANCE PLC

ASIA ASSET FINANCE PLC

ASIA CAPITAL PLC

B

BAIRAHA FARMS PLC

BALANGODA PLANTATIONS PLC

BIMPUTH FINANCE PLC

BLUE DIAMONDS JEWELLERY WORLDWIDE PLC

B P P L HOLDINGS PLC

BROWNS BEACH HOTELS PLC

BROWNS INVESTMENTS PLC

C

CARGO BOAT DEVELOPMENT COMPANY PLC

CENTRAL INDUSTRIES PLC

CEYLON COLD STORES PLC

CEYLON GRAIN ELEVATORS PLC Hot

CEYLON TEA BROKERS PLC

CEYLON TOBACCO COMPANY PLC

CHEVRON LUBRICANTS LANKA PLC

COLOMBO FORT LAND & BUILDING PLC

COMMERCIAL BANK OF CEYLON PLC

CITRUS LEISURE PLC Hot

COMMERCIAL CREDIT AND FINANCE PLC

D

DANKOTUWA PORCELAIN PLC

DFCC BANK PLC

DIALOG AXIATA PLC

DIALOG FINANCE PLC

DIPPED PRODUCTS PLC

DISTILLERIES COMPANY OF SRI LANKA PLC

DUNAMIS CAPITAL PLC

E

EAST WEST PROPERTIES PLC Hot

EASTERN MERCHANTS PLC

EXPOLANKA HOLDINGS PLC

E-CHANNELLING PLC

F

FIRST CAPITAL HOLDINGS PLC

G

GALADARI HOTELS (LANKA) PLC

GUARDIAN CAPITAL PARTNERS PLC

H

HATTON NATIONAL BANK PLC

HAYLEYS PLC

HAYLEYS FABRIC PLC

HAYLEYS FIBRE PLC Hot

HEMAS HOLDINGS PLC

HIKKADUWA BEACH RESORT PLC

HNB ASSURANCE PLC

HVA FOODS PLC

J

JANASHAKTHI INSURANCE COMPANY PLC

JOHN KEELLS HOLDINGS PLC Hot

JOHN KEELLS HOTELS PLC

L

LANKA ASHOK LEYLAND PLC

LANKA IOC PLC

LANKEM CEYLON PLC

LANKEM DEVELOPMENTS PLC

LAUGFS GAS PLC

LAUGFS POWER LIMITED

LOLC FINANCE PLC

LOLC HOLDINGS PLC

LUCKY LANKA MILK PROCESSING COMPANY PLC

M

MELSTACORP PLC

N

NATIONAL DEVELOPMENT BANK PLC

NATION LANKA FINANCE PLC

NESTLE LANKA PLC

O

ORIENT FINANCE PLC

OVERSEAS REALTY (CEYLON) PLC

P

PANASIAN POWER PLC

PEOPLE'S LEASING & FINANCE PLC

PIRAMAL GLASS CEYLON PLC

PRIME FINANCE PLC

R

RAIGAM WAYAMBA SALTERNS PLC

RENUKA AGRI FOODS PLC

RENUKA CAPITAL PLC

RENUKA HOLDINGS PLC

RICHARD PIERIS AND COMPANY PLC

RICHARD PIERIS EXPORTS PLC Hot

ROYAL CERAMICS PLC

S

SAMPATH BANK PLC

SEYLAN BANK PLC

SIERRA CABLES PLC

SINGHE HOSPITALS PLC Hot

SMB LEASING PLC

SOFTLOGIC HOLDINGS PLC

SOFTLOGIC LIFE INSURANCE PLC

SRI LANKA TELECOM PLC

SWISSTEK (CEYLON) PLC Hot

T

TEEJAY LANKA PLC

TESS AGRO PLC

THREE ACRE FARMS PLC

TOKYO CEMENT COMPANY (LANKA) PLC Hot

U

UNION BANK OF COLOMBO PLC

V

VALLIBEL FINANCE PLC

VALLIBEL ONE PLC Hot

VALLIBEL POWER ERATHNA PLC

W

WASKADUWA BEACH RESORT PLC


You are not connected. Please login or register

FINANCIAL CHRONICLE™ » DAILY CHRONICLE™ » Seize opportunities in bourse amidst falling rupee, raising interest rates

Seize opportunities in bourse amidst falling rupee, raising interest rates

Go down  Message [Page 1 of 1]

CSE.SAS

CSE.SAS
Global Moderator
Rising interest rates and volatility in the exchange rate are not expected to last for long and investors in the country’s bourse should pick up value stocks and rebalance their portfolios, Softlogic Equity Research said last week, as inflation reached a three year high and the rupee strengthened with exporters brining in their dollars.

The Sri Lanka Forex Association said due to quarter end / half yearly close activity was lacklustre in the forex markets with USD trading higher at 133.95 at the open. "However exporter conversions saw it ease lower to close at 133.50-80 and the lowest trade was at 133.70," it said last Friday. During the week, the rupee fell in an all time low of Rs. 134 against the dollar.A week earlier, the rupee had closed at Rs. 132.58 against the greenback and Rs. 109.70 a year ago.

The Average Weighted Prime Lending Rate of the domestic banking sector reached 13.39 percent as at last Friday, from 13.59 percent a week earlier and 9.22 percent a year ago. These rates apply to high net worth individuals and corporate with rates being quoted much higher for ordinary borrowers.

Inflation too peaked to a three year high in June, reaching 9.3 percent from 7 percent a month ago. According to the IMF, inflation could reach 10 percent this year and has urged the Central Bank to keep monetary rates tight for the rest of the year.

"The rising interest rates and the volatile rupee are not expected to last for long with the policy decisions earlier in the year significantly slowing down economic activity in the current environment. The last tranche of the IMF funding and the USD1 bn sovereign bond issue are further supportive factors for the currency and the economy. We believe investors should adopt a positive mind frame and identify the current environment as a golden opportunity to pick value stocks and re-balance the portfolios," it said.

"The bourse underwent a bumpy ride last Friday although on a slow upward trend closely followed by the S&P SL20 as both indices ended marginally on a positive note with gains of 10 points and 6 points respectively. The Milanka counter remained flat with a mere 2 point drop. Amidst the depreciating investor interest, turnover and activity suffered while a single crossing managed to lift turnover to LKR219 mn.

"The sole crossing in Dialog supported the counter reign turnover list as 6 mn shares were dealt with at a price of LKR6.1. Seylan Bank [Non-voting] re-activated as the counter saw heavy accumulation with 1.2 mn shares changing hands. The counter traded between LKR27.6 and LKR28.9 before settling at LKR28.8 at the close of day’s trading.

"National Development Bank, a banking sector counter trading below asset value lost further ground today falling 2.0% despite being on low volumes. The counter now trades at 0.82x PBV an attractive level for value seekers. More banks gained investor interest led by Hatton National Bank and Commercial Bank. Former saw 58k shares changing hands while the counter closed flat for the day. The latter recorded a marginal gain to close at LKR98.8 (+0.1%).

"The speculative counter Citrus Leisure attracted the retail segment as 316k shares changed hands. The Warrant of the counter also gained attention despite both counters ending on negative territory where voting share lost 1.1% while the Warrant lost 10.6%," Softlogic Equity Research said.

Last Friday the ASPI gained marginally to close at 4,965.77 points, up 0.20 percent while the Milanka Price Index of more liquid stocks close down 0.06 percent at 4,383.20 points. The S&P Sri Lanka 20 index gained 0.21 percent to close at 2,817.35 points.

The bourse fell 18.3 percent year-to-date.

Foreign buying amounted to Rs. 30.2 million while sales amounted to Rs. 23.1 million.
http://www.island.lk/index.php?page_cat=article-details&page=article-details&code_title=55755

Back to top  Message [Page 1 of 1]

Permissions in this forum:
You cannot reply to topics in this forum