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

Current Gold Prices in Sri Lanka as of July 1, 2024

  • July 1, 2024

As of July 1, 2024, the price of 22 carat gold in Sri Lanka is as follows: For 24 carat gold: These rates reflect the current market prices for gold in Sri Lanka.

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Markets

Sri Lanka Rupee Weakens, Stocks Rise; Bond Yields Dip

  • June 27, 2024

Sri Lanka’s rupee started weaker against the US dollar, opening at 305.40/60 on Thursday, with bond yields experiencing a decline and stocks initiating 0.17% higher, according to dealers. On Wednesday, the rupee closed at 305.35/55 against the greenback. In the equity market, Colombo’s All Share Price Index began 21.13 points higher at 12,282, while the

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Markets Sri Lanka News

Sri Lankan Rupee Dips Slightly, Stock Market Edges Up

  • June 5, 2024

The Sri Lankan rupee started the trading day on Wednesday (today) a touch weaker against the US dollar. The opening exchange rate was 302.20/35 rupees to the dollar, compared to 302.10/20 on Tuesday. Meanwhile, the Colombo Stock Exchange (CSE) witnessed a positive opening. The All Share Price Index (ASPI) rose by 0.11% to reach 12,117

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Markets

Sri Lanka SEC Cracks Down on Unlicensed Social Media Investment Gurus

  • June 5, 2024

The Securities and Exchange Commission (SEC), Sri Lanka’s stock market watchdog, revealed in its 2023 annual report that it took action last year to combat the growing trend of unqualified individuals offering investment advice on social media. The SEC has previously penalized licensed advisors for manipulating the stock market. However, a new concern has emerged:

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Breaking News Markets

Sri Lankan Rupee Remains Stable, Stock Market Dips Slightly

  • June 4, 2024

COLOMBO, Sri Lanka (June 4, 2024) – The Sri Lankan rupee opened flat against the US dollar on Tuesday, continuing a trend of relative stability in the foreign exchange market. The opening rate was 301.95/302.05 per dollar, unchanged from the previous day’s closing rate. Bond yields also exhibited minimal movement. A bond maturing on December

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Breaking News Markets

Sri Lankan Rupee Holds Steady Against US Dollar

  • May 31, 2024

Sri Lanka’s rupee opened with minimal movement on Friday, hovering around 301.75/80 per US dollar. This is a slight change from the previous day’s closing rate of 301.85/90. Bond Yields Mixed The bond market also saw mixed signals. While some bonds like the one maturing on December 15th, 2026, remained stable at 9.70/80 percent, others

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Markets

Sri Lankan Rupee Holds Steady Against US Dollar, Stock Market Dips Slightly

  • May 28, 2024

Sri Lanka’s rupee remained relatively stable against the US dollar on Tuesday, opening at 300.50/90, a slight change from the previous day’s 300.50/70. Bond yields also showed little movement. There were some minor fluctuations in specific bonds, with some maturing in 2026, 2027, and 2028 experiencing slight increases, while a 2030 bond held steady. However,

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Markets Stock Market

President Accuses Certain Individuals of Triggering Stock Market Downturn with Their Claims

  • May 16, 2024

President Ranil Wickremesinghe has addressed concerns regarding the progress of IMF discussions and upcoming elections, stating that certain platforms with non-political intentions are making claims about these matters. Speaking at the opening of the Theldeniya courts complex, he emphasized that discussions with private creditors are progressing positively, despite some individuals spreading rumors of their failure

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Markets Stock Market

Sri Lanka’s Stocks Take a Dip as Banks Face Selling Pressure: Market Report

  • May 16, 2024

The Colombo Stock Exchange experienced a downturn on Wednesday, as reflected in data on its website. The broader All Share Index closed down by 0.55 percent, or 67.69 points, settling at 12,291, while the S&P SL20 Index closed down by 0.94 percent, or 34.57 points, ending at 3,636. Turnover for the day amounted to 3.2

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