Sri Lanka’s rupee opened weaker on Monday, trading at 299.75/300.50 against the US dollar, according to currency dealers. This follows the rupee’s close at 299.70/300.00 against the greenback on Friday. In the bond market, yields dipped, with a bond maturing on 01.07.2028 quoted at 12.45/55 percent, down from 12.45/60 percent. Meanwhile, a bond maturing on
Hatton National Bank PLC (HNB) has announced the successful oversubscription of its debenture issue aimed at raising Rs. 12 billion. The bank offered Basel III compliant, Tier 2, listed, rated, unsecured, subordinated, redeemable debentures with a non-viability conversion feature, priced at Rs. 100 each. The issue included 120 million debentures with 5-year (2024/2029), 7-year (2024/2031),
Cable Solutions Limited (CODE: CSLK-N-0000) successfully commenced trading on the Colombo Stock Exchange (CSE) on August 14, 2024. The company marked this milestone with a special Bell Ringing Ceremony, celebrating its transition to a publicly listed company. The company’s Initial Public Offering (IPO) featured over 80 million ordinary voting shares, priced at Rs. 7.50 per
The Colombo Stock Exchange (CSE) recently organized an awareness session titled “Creating Opportunities for Wealth Creation and Diversification” at the Hilton, Colombo. The event aimed to educate investors on the diverse alternative instruments available at the CSE, complementing traditional equity investments, and highlighting how these products can drive returns. The forum attracted over 160 participants,
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 market commenced the new week on a positive note, with indices rising and a notable net foreign inflow of over Rs. 400 million. The active S&P SL20 index increased by 0.55% while the benchmark ASPI rose by 0.41%. Turnover reached Rs. 1.56 billion, involving 29.2 million shares. Net foreign buying was led
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