Sri Lanka’s rupee continued to gain strength, trading at 294.60/75 to the US dollar on Wednesday, improving from the previous day’s 294.75/295.00. Bond yields saw a further dip as well, with notable declines in key maturities. A bond maturing on 15.12.2027 was quoted at 11.30/40 percent, down from the previous 11.45/60 percent. Similarly, the bond
The Sri Lankan rupee opened stronger at 295.80/296.10 to the US dollar on Tuesday, showing a slight appreciation from Monday’s close of 296.10/60. Meanwhile, bond yields remained steady, with slight fluctuations across various maturities. A bond maturing on 15.12.2027 was quoted at 11.60/80 percent, up marginally from 11.60/75 percent. The bond maturing on 15.02.2028 saw
Sri Lanka’s new government is set to present an interim budget for the first quarter of 2025 in November, according to Prof. Anil Jayanth Fernando, Chief of the National People’s Power (NPP) Economic Council. The full Budget for 2025 is expected to be passed by Parliament in January. The interim budget will introduce policies aligned
On Wednesday, Sri Lanka’s rupee traded at a stronger rate of 302.15/25 to the US dollar, an improvement from the previous day’s rate of 303.00/14. This upward movement in the rupee comes as bond yields experienced significant declines, as noted by dealers in the market. Currently, there is a treasury bill auction taking place, with
In a significant display of investor confidence following the election of President Anura Kumara Dissanayake, the Colombo stock market surged to record its largest daily gain in 2024. The All Share Price Index (ASPI) leapt by 237.31 points (2.14%), and the S&P SL20 followed with a 75-point increase (2.36%). Turnover hit Rs. 2 billion, involving
Kavan Ratnayaka has stepped down from his role as the Independent, Non-Executive Chairman of the Bank of Ceylon (BOC). The announcement was made in a disclosure to the Colombo Stock Exchange, effective September 22. Ratnayaka had been appointed to the position in March 2024.
Sri Lanka’s dollar bonds took a significant hit following the victory of leftist candidate Anura Kumara Dissanayake in the presidential election, raising concerns about the country’s $3 billion International Monetary Fund (IMF) bailout and ongoing debt restructuring deals. Bonds maturing in March 2029 saw a sharp decline of 3.1 cents, their biggest drop in nearly
The Colombo Stock Exchange began to recover after opening lower following Sri Lanka’s presidential election over the weekend. The All Share Price Index (ASPI) rose by 81.21 points, or 0.74%, reaching 11,047, while the S&P SL20 increased by 1.43%, or 44.27 points, to 3,146, with a turnover of 682 million. Stockbrokers indicated that it’s too
Sri Lanka’s rupee opened weaker on Friday at 305.00/75 to the US dollar, compared to 304.50/80 on Thursday, according to market dealers. Despite the weaker rupee, bond yields remained broadly steady, while the stock market saw an upward movement. A bond maturing on 15.02.2028 was quoted at 13.60/70 percent, slightly lower than the previous day’s
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