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


ADVERTISE
Poll

EXCHANGE RATE PREDICTION: 2022

 
 
 
 

View results

ශ්‍රී ලංකා මූල්‍ය වංශකථාව - සිංහල
Submit Post


CONATCT US


Send your suggestions and comments

* - required fields

Read FINANCIAL CHRONICLE™ Disclaimer



Latest topics

» In STOCK MARKET despite all odds, there is always hope. Never ever give in nor give up.
by atuts Today at 2:14 pm

» The war in Ukraine is no longer shocking the wheat market
by ResearchMan Yesterday at 2:10 pm

» India raises import tax on gold to support rupee and amid trade deficit
by ResearchMan Yesterday at 2:09 pm

» When will supply chain disruptions ease?
by ResearchMan Yesterday at 9:57 am

» KHL Massive forex gains close to 6 billions
by rajini Fri Jul 01, 2022 10:54 pm

» Tourism in Sri Lanka: One step forward, two steps back
by rajini Fri Jul 01, 2022 9:21 pm

» Expolanka to continue its winning streak
by samaritan Fri Jul 01, 2022 4:12 pm

» Govt gets its priorities wrong
by samaritan Fri Jul 01, 2022 10:25 am

» Ambassador assures U.S. support to Sri Lanka to find solutions to economic issues
by samaritan Fri Jul 01, 2022 10:16 am

» IMF-Sri Lanka bailout talks end without a deal
by ChooBoy Fri Jul 01, 2022 9:16 am

» Sri Lanka Breaks Into Hyperinflation Zone Amid Dollar Crunch
by CHRONICLE™ Fri Jul 01, 2022 8:11 am

» Sri Lanka needs to do more on debt restructuring before a bailout package is finalised, says IMF
by CHRONICLE™ Fri Jul 01, 2022 8:06 am

» Global COVID cases rise as BA.4 and BA.5 expand
by samaritan Fri Jul 01, 2022 7:04 am

» POSITIVES & TARGETS BY IMTIAZ BUHARDEEN
by Gowri123 Wed Jun 29, 2022 4:38 pm

» We’re seeing a shift toward international and value stocks, says Schwab’s Kleintop
by target1 Wed Jun 29, 2022 2:40 am

» Wall Street stumbles as consumer pessimism stokes growth fears
by target1 Wed Jun 29, 2022 2:34 am

» Free Market Capitalism vs. Crony Capitalism
by target1 Wed Jun 29, 2022 2:30 am

» Sri Lankan corporations reap large profits as workers and rural toilers face poverty and starvation
by CHRONICLE™ Tue Jun 28, 2022 6:37 pm

» අද රාත්‍රියෙන් පසු, යක්ෂයාගේ හෝරාව ඇරඹේ!
by God Father Tue Jun 28, 2022 6:13 pm

» Derana 360 with Minister Dhammika Perera
by samaritan Tue Jun 28, 2022 1:07 pm

EXPERT CHRONICLE™

MARKET CHAT


CHRONICLE™ ANALYTICS


ECONOMIC CHRONICLE

GROSS DOMESTIC PRODUCT (GDP)


CHRONICLE™ YouTube

LATEST TWEETS

You are not connected. Please login or register

FINANCIAL CHRONICLE™ » DAILY CHRONICLE™ » Sri Lanka stocks up 0.8-pct

Sri Lanka stocks up 0.8-pct

2 posters

Go down  Message [Page 1 of 1]

1Sri Lanka stocks up 0.8-pct Empty Sri Lanka stocks up 0.8-pct Thu Jul 11, 2013 5:25 pm

Redbulls

Redbulls
Director - Equity Analytics
Director - Equity Analytics

July 11, 2013 (LBO) - Sri Lanka's stocks closed up 0.77 percent Thursday showing gains for a second consecutive day with large cap stocks making gains, brokers said.

The benchmark Colombo All Share Index closed 46.33 points higher at 6,062.38 up 0.77 percent and the S&P SL 20 Index closed 27.82 points higher at 3,392.90 up 0.83 percent.

Turnover was 241 million rupees up from 228.1 million from a day earlier.

John Keells Holdings contributed most to the index closing at 253.30 rupees up 7.70 rupees. Investment promotions minister Lakshaman Yapa Abeywardene, said Thursday a mixed resort project by listed John Keells group will involve investments up to 850 million US dollars.

Dialog Axiata closed at 8.70 rupees up 20 cents.

Negative contributors were Carson’s Cumberbatch closing at 419.30 down 5.70 rupees and Sri Lanka Telecom closed at 40.40 down 0.40 rupees.

Hatton National Bank closed at 156.80 rupees down 70 cents and Sampath Bank closed at 194.60 rupees up 0.60 rupees.

Distilleries Company closed at 192.00 rupees up 3.00 rupees and Ceylon Tobacco Company closed at 997.30 rupees up 1.30 rupees.

Distilleries Company closed at 192.00 rupees up 3.00 rupees and Ceylon Tobacco Company closed at 997.30 rupees up 1.30 rupees.
http://www.lankabusinessonline.com/news/sri-lanka-stocks-up-0.8-pct/1450124712

sriranga

sriranga
Co-Admin

(Reuters) - Sri Lankan stock market hit a one-week high on Thursday, led by market heavyweight John Keells Holdings after it said it plans to build a multi-million dollar luxury resort.

The main share index rose 0.77 percent, or 46.33 points, to 6062.38, the highest close since July 4.

Keells, Sri Lanka's biggest conglomerate, said late on Wednesday it had submitted a plan to the government to build the luxury resort worth more than $650 million that would include hotels, shops and apartments.

Two hours after the trading started on Thursday, Investment Promotion Minister Lakshman Yapa Abeywardena said Keells had been given approval for a $850 million deal to build the resort.

Shares in Keells ended 2.61 percent higher at 252 rupees.

"Keels deal gave a boost to the market. It's a positive news that the market was awaiting and market is up on Keells in thin trade," a stockbroker said on condition of anonymity.

Capital Alliance Research said in a note the Keells disclosure to the bourse lacks detail as it was not clear whether the deal has secured a casino license or joint venture partner and the structure of the deal.

"If the mixed development does not have a casino, the development is likely to be value destructive," Capital Alliance said.

The index hit a near 10-week low on Tuesday due to concerns over rupee's weakening trend and possible foreign outflows.

Foreign investors were net buyers of 6.95 million rupees ($53,100) worth of shares on Thursday and they have been net buyers of 15.75 billion rupees in stocks in 2013.

Turnover on Thursday was 241.8 million rupees, well below this year's daily average of about 1 billion rupees.

Stockbrokers said concern over the further weakening of the rupee has dented investor sentiment, with many investors waiting for clear directions on the currency.

The Sri Lankan rupee spot ended flat at 130.60 per dollar on Thursday at a near eight-month low, but currency dealers said spot-next eased on exporter dollar conversions.

Currency dealers said none of the banks were trading spot after the central bank, through state banks, guided the market to hold the rupee at 130.60 rupees.

The spot next which traded high of 131.10 during the day due to the importer dollar demand closed at 130.90/131.00 per dollar from Wednesday's close of 131.00/10.

For a wrap up on Asian markets, please click on ($1 = 130.6000 Sri Lanka rupees) (Reporting by Ranga Sirilal and Shihar Aneez; Editing by Anand Basu)
http://in.reuters.com/article/2013/07/11/markets-srilanka-idINL4N0FH2TE20130711

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