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

» BIL again possible make right issue, confirmed via past patterns, don't afraid,.
by invest thinker Today at 12:44 am

» The world- Including Sri Lanka started to feel the pinch of the Russia- Ukraine war
by reyaz Today at 12:12 am

» Technical update 03/10/2022 - Maharaja
by Maharaja Yesterday at 9:29 pm

» SEC nets big sharks; more prosecutions soon
by CHRONICLE™ Yesterday at 2:51 pm

» ASPI 10000, Still a Long Way to Go
by sojsilva Yesterday at 11:48 am

» RAL UNTOLD STORY, KEEPING TOUCH
by blindhog Yesterday at 11:29 am

» LOFC Future
by Equity Win Sat Oct 01, 2022 11:40 am

» Expolanka Promoter - The Capital Trust Securities WATCH OUT!!!
by ADVENTUS Fri Sep 30, 2022 2:19 pm

» PLR (Prime Lands )Next Value counter.. Fair Value Rs 20
by Citizen Silva Fri Sep 30, 2022 1:47 pm

» SOFTLOGIC CAPITAL PLC (SCAP.N0000)
by Rational Investor Fri Sep 30, 2022 11:49 am

» RGEM. A real gem in the market
by skyfall Fri Sep 30, 2022 11:24 am

» WHAT ARE YOUR GOOD OL' DIVIDEND STOCKS?- NOW IS THE TIIME TO INCREASE YOUR STAKE IN THEM
by ADVENTUS Thu Sep 29, 2022 2:42 pm

» FCT.N & CFVF
by nish84 Wed Sep 28, 2022 10:06 pm

» HAPUGASTENNE PLANTATIONS PLC(HAPU.N0000) TP Rs140
by cheetah Wed Sep 28, 2022 9:31 pm

» RHL (Renuka Holdings)
by skyfall Wed Sep 28, 2022 11:51 am

» KOTA is the future gem
by suku502 Wed Sep 28, 2022 11:10 am

» COCR......GOOD TIME TO ENTER
by suku502 Wed Sep 28, 2022 10:46 am

» ACL 200++ AND LCBF 5+++
by Stockbull Wed Sep 28, 2022 9:27 am

» CENTRAL INDUSTRIES PLC (CIND.N0000)
by LHW Wed Sep 28, 2022 7:47 am

» CAL - Possible multi bagger
by bkasun Tue Sep 27, 2022 4:06 pm

EXPERT CHRONICLE™

MARKET CHAT


ECONOMIC CHRONICLE

GROSS DOMESTIC PRODUCT (GDP)


CHRONICLE™ YouTube

LATEST TWEETS

You are not connected. Please login or register

FINANCIAL CHRONICLE™ » CORPORATE CHRONICLE™ » Sri Lanka stocks rise to record high for third straight day on high turnover

Sri Lanka stocks rise to record high for third straight day on high turnover

2 posters

Go down  Message [Page 1 of 1]

CITIZEN

CITIZEN
Manager - Equity Analytics
Manager - Equity Analytics

[size=18]ECONOMYNEXT – Sri Lanka’s main stock index gained 1.02 percent on Wednesday crossing the 8,900 psychological benchmark and continuing the market gain for the third day, brokers said.
The index touched 8,938.25 points, its fresh record high, before retreating to close at 8,756.63 with a 88.68 points gain for the day. The S& P SL20 index of more liquid stocks gained 0.25 percent or 8.03 points to close at 3,183.73.
 
“The ASPI index was driven by the day’s highest gainer Commercial Leasing and Finance” a stock broker said asking not to be named.
 
“Out of the 88 points gain today 68 was gained by the Commercial Leasing and Finance, other than that the market was flat”
 
With the day’s gain, Commercial Leasing and Finance Plc became the company with the third highest market capitalization with acquiring 197 billion rupees or 5.08 percent of the total market capitalization behind Expolanka and LOLC Holdings.
 
Stocks have been on the rise partly due to record low-interest rates, excess liquidity in money markets, and some businesses being disrupted due to import controls triggered by money printing. The trend of net foreign selling has been continuing since early last year.
 
Analysts expect a market correction soon when the central bank’s tightening measures start to bite.
 
The day’s turnover was 7.3 billion rupees, well over this year’s average daily turnover of 3.9 billion rupees.
 
Stockbrokers have said the market is on the rise this week with heavy turnover mainly because investors hardly have other options during a 10-day lockdown which has been imposed through August 30.
 
Sri Lanka’s pandemic situation has been worsening with COVID-19 daily death toll has been recording a fresh record high in most of the days in the last week.
 
With Commercial Leasing and Finance, the gain was led by Expolanka Holdings and John Keells Holdings.
 
Commercial Leasing and Finance gained 4.80 rupees or 18.32 percent to close at 31.00 rupees a share.
 
Expolanka Holdings which has a significant export component in its business gained 2.75 rupees to close at 122.75 rupees and John Keells Holdings gained 2.25 rupees to close at 134.25 rupees a share.
 
Foreign investors, sold a net 116 million worth of shares on Wednesday, and the market has suffered a net foreign outflow of over 36.8 billion rupees so far this year.
 
The bourse saw 111 stocks gaining against 90 falling on Wednesday. (Colombo/August25/2021)
 
[/size]
Leave a Comment



[size=14]Name *

Email *
Save m
[/size]

D.G.Dayaratne


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

Excellent analysis by CITIZEN

Back to top  Message [Page 1 of 1]

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