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


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™ » Bullish rally on banks

Bullish rally on banks

Go down  Message [Page 1 of 1]

1Bullish rally on banks Empty Bullish rally on banks Thu Apr 04, 2013 7:31 pm

Redbulls

Redbulls
Director - Equity Analytics
Director - Equity Analytics
WRITTEN BY THARANGA SENARATNE

Apr 04, 2013 (LBT) - Bank push bourse further up: The ASPI which was rather volatile during the 1st half hour of trade adopted an uptrend during the rest of the day gaining 25 points to close at 5753.56. Turnover shot up following the deal in Nations Trust Bank which contributed 69% of turnover. Commercial Bank, Ceylon Tobacco, DFCC and Dialog weighted heavily on the positive trend of the index. With blue chips in the front run S&P SL20 saw a similar pattern gaining 14 points.

Nations Trust Bank overshadowed turnover: Nations Trust Bank led the turnover with 2 crossings accounting for 18.9mn shares or 8.2% stake changed hands at LKR59.0 which was noted to be a foreign to foreign deal. On-board trading on the counter was also high with 1.1mn shares trading as the counter closed at LKR60.5. BFI sector continue to dominate trading: Banks continued to be the highlight of the day with 52-week high prices being recorded Union Bank (+6.2%), National Development Bank (+0.2%) and DFCC (+2.9%) while further strong buying was noted in Sampath Bank (+0.4%), Commercial Bank (+1.6%) and Pan Asia Bank (+6.1%). All counters ended in the green with strong gains during the day. Active Retail Interest: Retail investors seemed to have grown in confidence entering the banking sector on a strong note. Most smaller banks generated considerable retail interest during the day.
http://lbt.lk/stock-market/movement/4077-bullish-rally-on-banks

sriranga

sriranga
Co-Admin
COLOMBO, April 4 (Reuters) - Sri Lanka's rupee firmed to its highest close in nearly a year on Thursday on high remittances and selling of dollars by exporters ahead of a festival season, currency dealers said, while stocks rose on foreign buying of bank shares.

The rupee ended 0.44 percent firmer at 125.65/70 to the dollar from Wednesday's close of 126.20/25, its highest level since April 9, 2012.

'This is mainly due to seasonal inflows due to inward remittances and exporter conversion of dollars ahead of the new year festival this month,' said a currency dealer who declined to be identified.

Sri Lankans will celebrate the traditional new year on April 13 and 14.

The currency has risen 1.6 percent this year after falling 10.7 percent in 2012.

The main stock index ended 25.09 points, or 0.44 percent firmer at 5,753.56, its highest since March 21.

Foreign investors were net buyers of 17.3 million rupees worth of shares, many of them bank shares, extending the year-to-date net foreign inflow to 5.66 billion rupees.

Analysts said hopes of easing interest rates had helped boost domestic retail investor sentiment.

Yields in T-bills were steady at a weekly auction, ending a four-week rising trend, two days after the central bank chief said that interest rates would ease this year as the monetary authority maintains a loose monetary policy stance. ,

Turnover on the stock exchange was 1.64 billion rupees ($12.99 million), well above this year's daily average of 1.65 billion rupees.

($1 = 126.2250 Sri Lanka rupees)

(Reporting by Ranga Sirilal and Shihar Aneez; Editing by Robert Birsel)

(ranga.sirilal@thomsonreuters.com)(+94-11-232-5540)

(Reuters Messaging: ranga.sirilal.thomsonreuters.com@reuters.net)(twitter.com/rangab a)
http://www.xe.com/news/2013/04/04/3289025.htm?c=1&t=

http://sharemarket-srilanka.blogspot.co.uk/

Back to top  Message [Page 1 of 1]

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