The Colombo Stock Exchange (CSE) saw a surge in activity yesterday, revving up ahead of tomorrow’s Parliamentary Election, with the benchmark ASPI briefly touching the 13,000-point mark and turnover crossing Rs. 4 billion. By midday, the ASPI surpassed 13,000 points, but closed the day at 12,988 points, up 0.9%. The active S&P SL20 also gained
The Colombo Stock Exchange (CSE), in collaboration with the U.S. Agency for International Development (USAID), SLASSCOM, and FITIS, recently hosted a forum titled “Unlocking Value via Capital Markets and Funding Options for the IT Sector.” The event focused on empowering Sri Lanka’s ICT sector by showcasing alternative funding sources and educating companies on the process
On Thursday, Sri Lanka’s rupee opened nearly flat at 292.75/90 to the US dollar, remaining close to Wednesday’s 292.80/90 levels, according to market dealers. Bond yields held steady as well, with key bonds maintaining consistent rates: In the equity market, Colombo’s All Share Price Index opened slightly down by 0.01 percent, or 1.62 points, at
The market capitalization of the Colombo Stock Exchange (CSE) has seen a decrease of 3.4%, bringing it down to Rs. 4,382 billion as of the end of September 2024, according to data from the Finance Ministry. This decline coincided with the exit of seven listed companies from the stock exchange during the same period. The
Sri Lanka and Pakistan are positioned to take the lead in South Asian frontier markets, extending their current market rally into 2025. This optimistic outlook is driven by ongoing economic and political reforms, low market valuations, a recovery in earnings, and a potential for greater political stability, as reported by the AFC Asia Frontier Fund.
Sri Lanka’s rupee opened flat at 293.50/60 to the US dollar on Wednesday, according to market dealers, indicating a steady exchange rate amid limited volatility. Government bond yields saw minor fluctuations. The bond maturing on January 15, 2027, was quoted at 10.79/83 percent, while the bond maturing on March 15, 2028, recorded yields of 11.70/75
Sri Lanka’s rupee opened slightly weaker against the US dollar on Tuesday, trading at 293.70/75 compared to 293.60/70 the previous day, according to dealers. Bond yields, however, remained largely stable. A bond maturing on December 15, 2026, was quoted at 10.60/80 percent, a minor increase from 10.55/75 percent. Meanwhile, a bond maturing on December 15,
As of 25th October 2024, the Colombo Stock Exchange (CSE) has emerged as the second best performing equity index in Asia, with the All Share Price Index (ASPI) reporting a remarkable year-to-date return of 29.65% in USD, according to Bloomberg. This performance highlights the resilience of Sri Lanka’s capital market and its increasing appeal to
Sri Lanka’s rupee remained stable, trading at 293.23/29 against the US dollar on Wednesday, unchanged from the previous day’s rate of 293.23/27, according to market dealers. Meanwhile, government bond yields experienced a slight decline. A bond maturing on 15th December 2027 was quoted at 11.35/45%, down from 11.40/55%. Similarly, a bond maturing on 15th March
On Monday, Sri Lanka’s rupee opened slightly stronger at 292.90/293.10 against the US dollar, compared to the previous day’s rate of 293.00/20, according to market dealers. Bond yields also saw a rise, signaling potential shifts in the financial market. A bond maturing on December 15, 2027, was quoted at 11.30/40 percent, up from the previous