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.
FINANCIAL CHRONICLE™

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

LISTED COMPANIES

Submit Post
Poll

Can there be another Covid-19 wave in Sri Lanka?

 
 
 

View results

STOCK MARKET TRAINING
ශ්‍රී ලංකා මූල්‍ය වංශකථාව - සිංහල
Submit Post


CONATCT US


Send your suggestions and comments

* - required fields

Read FINANCIAL CHRONICLE™ Disclaimer


Latest topics

» ASSOCIATED MOTOR FINANCE COMPANY PLC (AMF.N0000)
by Mr. X Today at 11:16 am

» Price prediction on GRAN and TAFL
by Mr. X Today at 11:11 am

» DVP is unfair?
by niru Today at 10:59 am

» Delivery Versus Payment (DVP) on CSE!
by niru Today at 10:56 am

» EXPOLANKA HOLDINGS PLC (EXPO.N0000)
by DimuthuKW Today at 10:09 am

» RAIGAM WAYAMBA SALTERNS PLC (RWSL.N0000)
by shakthi1974 Today at 7:54 am

» ALLIANCE FINANCE COMPANY PLC (ALLI.N0000)
by Gaudente Yesterday at 11:55 pm

» Daily Foreign Transactions update
by Pradeep90 Yesterday at 11:08 pm

» LUCKY LANKA MILK PROCESSING COMPANY PLC (LLMP.N0000)
by Eranx Yesterday at 11:04 pm

» TOKYO CEMENT COMPANY (LANKA) PLC
by Zahara khan Yesterday at 10:40 pm

» Directors' Dealings 23/06/2021
by SAGA Yesterday at 10:07 pm

» SINH.N0000 (SINGHE HOSPITALS)
by SAGA Yesterday at 9:45 pm

» Top Foreign Trading today - 23/06/2021
by SAGA Yesterday at 9:05 pm

» Stock Market Entertainment
by samaritan Yesterday at 5:55 pm

» TOP 20 LISTED COMPANIES BY FINANCIAL CHRONICLE™
by Eranga87 Yesterday at 3:29 pm

» DVP යනු කුමක්ද? Explained
by samaritan Yesterday at 1:58 pm

» Money Printing Up Rs15.8B
by ResearchMan Yesterday at 11:58 am

» GLAS will be winner with Super Gain.
by ONTHEMONEY Yesterday at 7:16 am

» Top Foreign Trading today - 22/06/2021
by SAGA Tue Jun 22, 2021 8:50 pm

» RWSL for short term profits
by madukp Tue Jun 22, 2021 5:17 pm

EXPERT CHRONICLE™

MARKET CHAT


CHRONICLE™ ANALYTICS


ECONOMIC CHRONICLE

GROSS DOMESTIC PRODUCT (GDP)


CHRONICLE™ YouTube


You are not connected. Please login or register

FINANCIAL CHRONICLE™ » DAILY CHRONICLE™ » Stocks approach one-month low; rupee steady

Stocks approach one-month low; rupee steady

Go down  Message [Page 1 of 1]

Redbulls

Redbulls
Director - Equity Analytics
Director - Equity Analytics
Reuters: The stock market fell for the third straight session on Wednesday to approach a one-month low on concerns about the risk of higher interest rates, though the Central Bank kept its policy rates unchanged earlier in the day.

The Colombo Stock Exchange’s main index fell 0.76 per cent or 37.21 points to 4,868.39, its lowest since 13 June.

The bank left key policy rates unchanged for a third straight month, but yields in benchmark T-bills rose 9-14 basis points at a weekly auction on Wednesday to their highest since June 2009.

Some analysts expect the benchmark 364-day T-bill yield to reach 14.5 per cent from its current 13.10 per cent.

“There is no liquidity in the market,” said a stockbroker. “The Central Bank has postponed the pain and the pain is going to be more intense when it bursts,” he said referring to the policy rate announcement.

The Central Bank’s latest data showed private sector credit growth has been near a 16-year high of 33.5 percent year-on-year despite the monetary authority raising policy rates twice, restricting credit and allowing a more flexible exchange rate.

The day’s turnover was Rs. 269 million ($ 2.01 million), well below this year’s daily average turnover of Rs. 947.1 million.

Foreign investors were net buyers of Rs. 6.3 million worth of shares on Wednesday, extending the net foreign inflow to Rs. 23.75 billion into stocks this year.

The rupee currency ended steady at 133.75/85 against the dollar as importer demand for dollars offset by the exporter demand for the local currency, dealers said.

Dealers said importer demand for dollars is still high and heavy oil bills may threaten the stability of the rupee as a prolonged drought in Sri Lanka has increased oil imports for thermal power.
http://www.ft.lk/2012/07/12/stocks-approach-one-month-low-rupee-steady/

Back to top  Message [Page 1 of 1]

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