Markets

Reporting on stock market trends, bond yields, commodity prices, and currency exchange rates, along with analysis of how these factors impact investors and businesses.

Markets

Gold Prices in Sri Lanka – 13th September 2024

As of today, September 13, 2024, gold prices in Sri Lanka are as follows: Gold Unit Gold Price Gold Ounce Rs. 775,389.00 24 Carat 1 Gram Rs. 27,360.00 24 Carat 8 Grams ( 1 Pawn ) Rs. 218,850.00 22 Carat 1 Gram Rs. 25,080.00 22 Carat 8 Grams ( 1 Pawn ) Rs. 200,650.00 21

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Stock Market

Sri Lanka’s LTL Holding IPO Temporarily Halted by Colombo Stock Exchange

Sri Lanka’s LTL Holding IPO, scheduled for September 13, has been put on hold by the Colombo Stock Exchange (CSE) due to the need for further clarification on new information. The CSE has requested additional details from LTL Holding for review. The statement from the CSE highlighted that the new information should have been disclosed

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Bond Yields

Sri Lankan Rupee Opens at 300.70/95, Bond Yields Rise

Sri Lanka’s rupee opened at 300.70/95 against the US dollar on Friday, according to market dealers, while bond yields showed an upward trend. A bond maturing on February 15, 2028, was quoted at 13.55/65 percent, and another bond maturing on June 15, 2029, was quoted at 13.70/75 percent. In the equity market, Colombo’s All Share

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Markets

Gold Price Update: 22 Carat 8 Grams at Rs. 195,950 in Sri Lanka as of September 12, 2024

As of September 12, 2024, the price of gold in Sri Lanka is as follows: Gold Unit Gold Price Gold Ounce Rs. 757,425.00 24 Carat 1 Gram Rs. 26,720.00 24 Carat 8 Grams ( 1 Pawn ) Rs. 213,750.00 22 Carat 1 Gram Rs. 24,500.00 22 Carat 8 Grams ( 1 Pawn ) Rs. 195,950.00

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Bond Yields

Sri Lanka Bond Yields Rise Ahead of Auction; ADB Approves $100 Million Loan

Sri Lanka’s bond yields increased ahead of a 300 billion rupee auction, with dealers noting a rise in yields for bonds maturing in 2028. In the secondary market, bonds maturing on February 15, 2028, were quoted at 13.30/50%, up from 13.15/40% the previous day. Similarly, bonds maturing on July 1, 2028, rose to 13.70/85% from

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Bond Yields

Sri Lankan Dollar Bond Sell-Off May Draw Bargain Hunters Amid Election Uncertainty

On Monday, September 9, 2024, Sri Lankan dollar bonds experienced a sharp sell-off, which may attract bargain hunters as investors reassess their positions ahead of the upcoming presidential elections, market experts suggest. According to Bloomberg, the decline in Sri Lankan dollar bonds intensified as investors reduced their exposure due to rising political uncertainties ahead of

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Markets

Gold Prices in Sri Lanka – September 11, 2024

As of September 11, 2024, gold prices in Sri Lanka are as follows: Gold Unit Gold Price Gold Ounce Rs. 759,183.00 24 Carat 1 Gram Rs. 26,780.00 24 Carat 8 Grams ( 1 Pawn ) Rs. 214,250.00 22 Carat 1 Gram Rs. 24,550.00 22 Carat 8 Grams ( 1 Pawn ) Rs. 196,400.00 21 Carat

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Stock Market

CSE’s Benchmark ASPI Turns Negative YTD for the First Time in 2024

The Colombo Stock Exchange (CSE) experienced a notable downturn yesterday as the All Share Price Index (ASPI) slipped to a negative Year-to-Date (YTD) return for the first time in 2024, closing down by 0.65% with a YTD negative return of 0.78%. The S&P SL20 index also saw a sharp decline of 1.17%, increasing its YTD

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Markets

Gold Prices in Sri Lanka: September 10, 2024 Update

As of September 10, 2024, the gold prices in Sri Lanka are as follows: Gold Unit Gold Price Gold Ounce Rs. 752,573.00 24 Carat 1 Gram Rs. 26,550.00 24 Carat 8 Grams ( 1 Pawn ) Rs. 212,400.00 22 Carat 1 Gram Rs. 24,340.00 22 Carat 8 Grams ( 1 Pawn ) Rs. 194,700.00 21

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Bond Yields

Sri Lankan Rupee Strengthens to 300.75/301.00 Against USD, Bond Yields Rise

The Sri Lankan rupee opened slightly stronger at 300.75/301.00 to the US dollar on Tuesday, following Monday’s close of 301.50/302.00. Bond yields also saw a significant rise, according to market dealers, while stocks showed a modest increase of 0.13 percent in early trading. In secondary market bond trading, activity was subdued ahead of a bond

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