Stock Market

Colombo Stock Market Surges to 14-Month High with Record Single-Day Gain

The Colombo stock market reached new heights yesterday as investor confidence soared under the newly elected President Anura Kumara Dissanayake. The benchmark All Share Price Index (ASPI) skyrocketed by 326 points, marking its highest single-day gain in 14 months, a 2.87% increase to a two-month high. Over the past seven sessions, the ASPI has gained

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Stock Market

CSE Remains Sluggish Amid Investor Caution

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

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Economics

Banks Discuss Sovereign Bond Repayment in Rupees Amid Exchange Rate Concerns

Sri Lankan Banks Discuss Repayment of Sovereign Bonds in Rupees Amid Exchange Rate Concerns Sri Lanka’s domestic banks are in negotiations with the government about repaying their sovereign bonds in rupees, according to sources. This potential shift has raised concerns about its impact on the exchange rate. Currently, out of $12.55 billion in sovereign bonds,

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