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FINANCIAL CHRONICLE™ » EXPERT CHRONICLE™ » Growth forecast of 4.5 per cent positively impacts CSE

Growth forecast of 4.5 per cent positively impacts CSE

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samaritan

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Growth forecast of 4.5 per cent positively impacts CSE Colombo-3

A growth outlook of 4.5 per cent for this year, predicted in the Standard Chartered Bank’s report, ‘Outlook for Sri Lankan Economy’, had a positive impact on the share market yesterday. The growth was initially predicted to be 3.5 per cent, but the revised statistic had a positive impact on both main CSE indices, stock analysts said.


Accordingly, while the ASPI rose by 112 points, the S&P SL20 rose by 31.5 points. The turnover for the day was Rs. 757 million. Transactions amounted to 10,977 while more shares were traded. The main companies to figure in the retail market were: JKH, Browns Investments, Expolanka, Dipped Products and LOLC. There were no crossings.


https://island.lk/growth-forecast-of-4-5-per-cent-positively-impacts-cse/

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Post Tue Mar 23, 2021 7:27 pm by Eranga87

Hopefully, port city other new investments coming soon.

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Post Tue Mar 23, 2021 7:57 pm by RajapaksaDON

Sri Lanka and China ink 10bn yuan central bank swap for 3-years
Sri Lanka has signed a 10 billion yuan (about 1.5 billion US dollars) swap deal with China for three years, the central bank said.
The swap would promote “bilateral trade and direct investment for economic development of the two countries, and to be used for other purposes agreed upon by both parties,” the central bank said in a statement.
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