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