Sri Lanka’s rupee opened flat at 303.80/304.10 to the US dollar on Thursday, maintaining the same level as the previous day’s close of 303.80/304.00. Meanwhile, bond yields dropped and stocks saw a slight increase of 0.16 percent. In the secondary bond market: In the stock market, Colombo’s All Share Price Index opened 19.09 points higher
Sri Lanka’s rupee started stronger against the US dollar at 300.60/90 on Monday, marking a positive opening in the financial markets. Bond yields saw a decrease, while equities showed gains in early trading. On Friday, the rupee closed at 301.70/302.00 against the greenback. In the secondary market, bond yields were observed to be lower: In
Sri Lanka Insurance (SLIC) capped off a successful year in 2023, demonstrating resilience and strong financial performance despite facing internal changes and challenging economic conditions. The company achieved a pre-tax profit of Rs. 10.6 billion, reflecting a significant 7.2% growth in Gross Written Premium (GWP) to Rs. 44.2 billion. SLIC’s commitment to policyholders remained unwavering
The Colombo Stock Exchange experienced a day of net foreign outflow and profit booking by local investors, leading to a decline in key indices. The year-to-date net foreign outflow surpassed Rs. 8 billion, with yesterday contributing Rs. 2.9 billion on account of LOLC Finance. A significant block of LOLC shares traded off-board, pushing the overall
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 Sri Lankan rupee (LKR) opened stronger today, trading at 307.50/90 levels compared to yesterday’s close of 307.90/95. However, it subsequently weakened slightly to reach 307.90/308.10, with official purchases playing a role in the movement. Analysts attribute the rupee’s stability to the Central Bank’s largely deflationary policy, characterized by slow private credit growth and improved
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