Stock Market

CSE Heats Up Ahead of Elections; ASPI Inches Closer to 13,000 Points

  • November 13, 2024

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

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Finance

FC Forecasts Lending Rates to Stay Between 9-11% for Remainder of 2024

  • September 9, 2024

First Capital (FC) anticipates that bank lending rates will remain within the 9-11% range for the rest of 2024 and rise slightly to 10-12% by mid-2025. This projection comes amidst slow economic conditions, weak demand for credit, and a lag in the reduction of new loan rates. The Average Weighted Prime Lending Rate (AWPLR) dropped

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