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



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™ » Sri Lanka stocks closer lower, rupee stronger

Sri Lanka stocks closer lower, rupee stronger

Go down  Message [Page 1 of 1]

sriranga

sriranga
Co-Admin
COLOMBO, Sept 25 (Reuters) - Sri Lankan stocks edged down on Wednesday as retail investors sold some large-cap shares, but foreign buying halted the fall.

The main share index edged down 0.19 percent, or 10.85 points, to close at 5,783.62.

Foreign investors were net buyers of 111.9 million rupees ($846,600) worth of shares on Wednesday, extending net foreign inflows in equities this year to 19.49 billion rupees.

Shares in George Steuart Finance Ltd fell 20 percent to 488 rupees while Ceylon Tobacco Company PLC fell 0.6 percent to 1041.00 rupees.

Shares in top conglomerate John Keells Holdings rose 0.9 percent to 222.90 rupees on foreign buying.

Wednesday's turnover was 582.8 million rupees, well below this year's daily average of about 877.5 million rupees.

($1=132.1750 Sri Lanka rupees)

(Reporting by Ranga Sirilal and Shihar Aneez; Editing by Clarence Fernandez)

(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/2013/09/25/3566129.htm

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

Redbulls

Redbulls
Director - Equity Analytics
Director - Equity Analytics
Sept 25, 2013 (LBO) - Sri Lanka's stocks closed 0.19 percent lower on Wednesday and the rupee gained some ground on dollar selling, while moral suasion was also present, brokers and dealers said.

The benchmark Colombo All Share Price Index (ASPI) closed 10.85 points lower at 5,783.62, down 0.19 percent after gaining 0.20 percent the previous day and the S&P SL20 closed 8.82 points lower at 3,205.48, down 0.27 percent, provisional data showed.

Turnover amounted to 582.78 million rupees, down from 816.9 million the previous day, with shares of 104 firms making losses against 79 firms that closed in positive territory.

Among the most heavily traded stocks, JKH contributed 266.56 million rupees to the day's turnover followed by speculative trading on troubled firms Touchwood with 96.08 million rupees followed by CIFL with 25.92 million rupees.

Touchwood saw more than 27 million shares change hands closing 20 cents higher at 3.30 rupees and CIFL saw more than 18.75 million shares change hands, to close flat at 1.20 rupees.

Foreign purchases amounted to 285.44 million rupees down from 445.52 million rupees the previous day and foreign selling amounted 173.57 million rupees, down from 203.89 million rupees a day earlier.

The market was weighed down by George Steuart Finance (GSF), Bukit Darah, CTC, Asia Hotels and Properties and Lion Brewery.

George Steuart Finance lost 122.00 rupees to close at 488.00 rupees. Bukit Darah closed 7.50 rupees lower at 652.50 rupees and CTC closed 6.30 rupees lower at 1,041.00 rupees.

Asian Hotels and Properties closed 2.40 rupees lower at 72.00 rupees and Lion Brewery closed 12.00 rupees lower at 365.00 rupees.

JKH gained 2.00 rupees to close at 222.90 rupees and Dialog gained 20 cents to close at 8.40 rupees while Sri Lanka Telecom closed 80 cents higher at 40.00 rupees.

Distilleries gained 3.20 rupees to close at 185.00 rupees and Asiri Hospitals gained 40 cents to close at 15.00 rupees.

Asia Capital was the top closing 2.30 rupees higher at 21.50 rupees, up 11.97 percent. SMB Leasing was the biggest loser, closing 10 cents lower at 30 cents, down 25 percent.

The rupee had gained to 131.95/98 against the US dollar on late trading in the spot market after opening the day at 132.15/18.

There was moral suasion from authorities to prevent the currency weakening below 132.00 but there was also some dollar selling later, dealers said.

Analysts say Sri Lanka's rupee has come under downward pressure for years due the central bank's practice of buying large dollar inflows, even during times of severe balance of payments troubles.

The central bank generated 88 billion rupees from the purchase of dollars originally raised by the National Savings Bank, which analysts say will create import demand in the future requiring dollar sales to prevent a weakening of the currency.

But excess liquidity dropped to 49 billion rupees Wednesday indicating that more than 200 million US dollars had already left the country.

The central bank also accepted more bids at today's Treasuries auction than the volume offered.

If the Central Bank sells down a part of its Treasuries holdings outright, the action will withdraw some liquidity and help retain foreign reserves, while also supporting the rupee.

Dealers said there were some foreign inflows into government securities.

In gilt markets a 5-year bond maturing on 2018, was quoted at a yield of 11.75/78 percent after opening at 11.82/84 percent.
http://www.lankabusinessonline.com/news/sri-lanka-stocks-closer-lower,-rupee-stronger/1065896399

Back to top  Message [Page 1 of 1]

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