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
Sri Lanka’s banking sector outlook has stabilized, with the Central Bank’s decision to prevent dividend repatriation playing a key role in the sector’s recovery. According to Maninda Wickramasinghe, Managing Director and CEO of Fitch Ratings Lanka Ltd., Sri Lanka can expect a sovereign rating upgrade immediately after the completion of its debt restructuring. At an
The Banks’ Chief Information Officers Forum (BCIOF), the premier C-level forum in Sri Lanka’s banking and financial sector, hosted a successful ‘Partner Meet Up’ on 27 August at the Grand Sapphire, Courtyard by Marriott Colombo, as a prelude to the highly anticipated ‘The CIO Confluence 2025.’ With the banking and financial sector driving digital transformation,
The National Savings Bank (NSB) has reported an impressive profit-before-tax (PBT) of Rs. 15 billion for the first half of 2024, surpassing the previous year’s profit-after-tax (PAT) of Rs. 7.21 billion for the same period. NSB Chairperson Dr. Harsha Cabral commented on the strong financial performance, stating, “Our profitability in the first six months reflects
Sri Lanka experienced a significant increase in loan demand across the retail, corporate, and small and medium enterprise (SME) sectors during the second quarter of 2024, according to a recent survey by the Central Bank of Sri Lanka. This uptick is attributed to lower interest rates and stable exchange rates, reflecting improved economic confidence and
The Colombo Stock Exchange (CSE) experienced another day of poor performance, with both indices falling over 0.3% and a turnover of Rs. 629 million involving 18.7 million shares. The market’s overall sentiment remained subdued as investors awaited more clarity amidst ongoing political uncertainties. The All Share Price Index (ASPI) began the day positively, reaching an
The Colombo Stock Exchange closed higher on Tuesday, as indicated by data on its site. The broader All Share Index rose by 0.37 percent, or 42.09 points, closing at 11,293, while the more liquid S&P SL20 Index increased by 0.39 percent, or 12.44 points, ending at 3,226. Turnover for the day was 582 million rupees,
The Colombo stock market’s downturn continued yesterday, with the benchmark ASPI index hitting a four-month low amid subdued trading activity. The ASPI dropped by 0.9% or over 108 points, closing at 11,511, marking its fourth consecutive session in the red. The S&P SL20 Index also fell by 1%, while turnover totaled Rs. 558.6 million across
The Colombo stock market continued its dismal performance, starting the new week with a fresh low in turnover. The active S&P SL20 index dipped by 0.5%, while the benchmark ASPI declined by 0.1%. Turnover was a mere Rs. 376.7 million involving 112.6 million shares. Asia Securities reported that the indices began the week on a
The Colombo Stock Exchange (CSE) saw its net foreign inflow surpass the Rs. 3 billion mark for July, despite a bearish outlook from local investors, according to brokers and analysts. As of yesterday, the CSE recorded a net foreign inflow of Rs. 393 million, bringing the month-to-date total to Rs. 3.1 billion. John Keells Holdings