Samsung Electronics, a leading South Korean semiconductor and smartphone giant, reported a significant tenfold increase in operating profits for the last quarter. This surge was primarily fueled by the expansion of artificial intelligence (AI) technologies, which led to a rebound in the computer memory chip markets. The company’s operating profit for the January to March
Fitch Ratings has affirmed UB Finance PLC’s National Long-Term Rating at ‘BB(lka)’ with a stable outlook. The rating reflects expectations of strong support from Union Bank of Colombo PLC (UB), which owns a significant stake in UB Finance. However, the rating is tempered by UB Finance’s relative size and its limited importance within the UB
The Colombo Stock Exchange (CSE) appears to be heading for a positive year in 2024, mirroring the anticipated improvement in the Sri Lankan economy as a whole. This optimistic outlook is shared by Dilshan Wirasekara, Chairman of the CSE. Wirasekara highlights a significant rise in economic activity, which is now translating into increased activity on
DAILY SHARE TRADING STATISTICS (SUMMARY)
The Colombo Stock Exchange kicked off the week with a bullish trend, fueled by continued investor confidence and activity. Both main indices, the ASPI and the S&PSL, witnessed gains exceeding 0.7%. Total market turnover amounted to Rs. 1.95 billion, with over 151.4 million shares changing hands. Analysts at Asia Securities attributed the market’s upward trajectory
The Colombo Stock Exchange (CSE), in collaboration with the U.S. Agency for International Development (USAID) CATALYZE Sri Lanka Private Sector Development (PSD) Activity, organized an Issuer Forum in Jaffna to shed light on alternative funding options for businesses in the Northern Region. The event aimed to bridge the knowledge gap regarding capital markets and highlight
The Colombo Stock Exchange (CSE) witnessed a marginal gain yesterday, with both the All-Share Price Index (ASPI) and the S&P SL20 index inching up by 0.3% and 0.2% respectively. However, this positive movement was overshadowed by the year-to-date (YTD) net foreign outflow, which surpassed the Rs. 4 billion mark. Despite the foreign selling, the market
The Colombo Stock Exchange (CSE) witnessed a significant surge yesterday, marking a positive start to the week. The benchmark All-Share Price Index (ASPI) climbed over 100 points for the first time in over three months, closing at 10,805. This positive movement was driven by investors reacting favorably to the equal value Expolanka exit offer by
The Colombo Stock Exchange concluded on a positive note on Friday, as reported by data on its website. The broader All Share Index finished up by 17.65 points, or 0.17%, reaching 10,586, while the S&P SL20 Index closed at 3,048 points, marking a 0.44% increase or 13.28 points. Total turnover for the day amounted to