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  • #56
    Sri Lanka rupee ends firmer, stocks up 0.10-pct

    ECONOMYNEXT - The Sri Lanka rupee strengthened against the US dollar in the spot market, and stocks closed 0.10 percent higher on buying interest in banking and diversified stocks as bond yields ended steady, market participants said.
    The currency ended at around 178.60/75 rupees against the US dollar, firming from an intraday low of 178.90 rupees, market participants said.
    The rupee closed Friday at 178.90/179.10 against the greenback.
    Sri Lanka's Court of Appeal on Monday issued an interim order restraining Mahinda Rajapaksa from functioning as prime minister. It also blocked his cabinet.
    President Maithripala Sirisena controversially sacked Ranil Wickremesinghe and his government in October, replacing him with Rajapaksa, plunging the island into an unprecedented constitutional crisis.
    Wickremesinghe has refused to yield and Rajapaksa too is refusing to budge after two no-confidence votes were since passed in parliament.
    In equities, Colombo's All Share index gained 0.10 percent to close 5.87 points higher at 6,025.20 and the S&P SL20 of more liquid stocks ended a sharp 0.71 percent higher, up 22.57 points to 3,201.08.
    Market turnover was 445.9 million rupees with 70 stocks gaining and 65 declining.
    Commercial Bank (up 1.70 rupees to 119.30 rupees), Sunshine Holdings (up 7.50 rupees to 53.80 rupees) and Ceylon Tobacco (up 5.10 rupees to 1,415 rupees) contributed to the benchmark index gain.
    Dialog gained 10 cents to close at 11.40 rupees and Softlogic Holdings was up 60 cents to 20.80 rupees.
    John Keells Holdings gained 30 cents to 160.80 rupees.
    Net foreign selling was 13.9 million rupees, down from 415 million rupees on Friday.
    Foreign selling in Access Engineering was 24 million rupees, according to First Capital Research. The stock was unchanged at 16 rupees.
    There was one off-market negotiated trade, or crossing, each in Hatton National Bank for 94.7 million rupees and Sampath Bank for 24 million rupees.
    Hatton National Bank ended 1.30 rupees higher at 216.40 rupees and Sampath Bank gained 1.90 rupees to 239.40 rupees.
    Bond yields were somewhat steady in the secondary market.
    A three-year bond maturing in 2021 ended at 11.65/85 percent, a broad margin compared to Friday's closing of 11.70/80 percent.
    A five-year bond maturing in 2023 closed at 11.85/95 percent, up from the previous day's closing of 11.80/90 percent.
    A bond maturing in 2027 ended at 12.15/25 percent down from 12.20/28 percent the previous day. (COLOMBO, 3 December 2018)
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    • #57
      Sri Lankan stocks down, Janashakthi, Orient Finance up on speculation

      ECONOMYNEXT – Sri Lankan stocks closed lower with prices of some financial sector firms driven up sharply on speculative buying by retail traders, brokers said.

      The All Share Price Index closed at 5,997.23, down 14.45 points (0.24 percent) while the more liquid S&P SL20 index ended at 3,176.65, down 2.46 points (0.08% percent). Turnover was 616 million rupees.

      Janashakthi Insurance Company, Orient Finance and Softlogic Life Insurance were the most actively traded shares and among the highest gainers too, the first two on takeover speculation, brokers said.

      Janashakthi Insurance Company closed at 28.80 rupees, up 2.20 rupees or 8.27 percent, Orient Finance ended at 16.40 rupees, up 1.10 rupees or 7.19 percent and Softlogic Life Insurance closed at 39.30 rupees, up 2.70 rupees or 7.38 percent.

      Asia Securities said there were no crossings for the day.

      Foreign investors were net sellers of 241.8 million rupees worth of shares. Estimated net foreign buying was mainly in National Development Bank.

      Estimated net foreign selling was mainly in John Keells Holdings.
      (COLOMBO, December 5, 2018)
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      Without compromising your ability to Live Tomorrow………

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      • #58
        Sri Lanka stocks up 0.6-pct, bonds yields ease

        ECONOMYNEXT - Sri Lanka's stocks closed up 0.6 percent, ahead of a court decision on the dissolution of parliament and bond yields eased, the rupee was marginally down, dealers and brokers said.

        The rupee closed at 179.10/50 levels to the US dollar on Wednesday.

        The Colombo All Share Index closed up 35.5 points (0.59 percent) to close at 6,032.5 points and the S&P SL20 index of more liquid stocks closed up 18.4 points at 3,195.06 points with 93 stocks gaining against 42 that fell back.

        LOLC Holdings closed up 5.55 rupees at 92.00 contributing most to the index, and John Keells Holdings closed at 161.10 up 1.10 rupees. Ceylinco Insurance rose 45 rupees to close at 1,995 rupees.

        Commercial Bank closed at 118.90, down 70 cents, and Distilleries closed at 16.60 rupees, down 20 cents.

        Bond yields eased with state banks were on the buying side, dealers said.

        The 12-month Treasury was quoted 10.90/11.00 percent with down from the auction price of 11.20 percent on Wednesday.

        A 3-year bond maturing on 01.03.2021 closed 11.35/45 percent closed at down from 11.45/55 percent.

        A 5-year bond maturing on 15.05.2023 was quoted at 11.65/70 percent at close with business done at 11.70 percent, down from yesterday close of 11.72/80 percent levels.

        An 8-year bond maturing on 15.06.2027 was quoted at 12.90/12.00 percent, business done at around down from yesterday 12.10/15 percent. (Colombo/Dec06/2018)
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        • #59
          As decision of the SC extended to another day what would be the tomorrow trend.
          Will they give their judgment prior to next Monday.. .??

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          • #60
            Sri Lankan shares end mixed, foreigners buy Seylan Bank non-voting

            ECONOMYNEXT – Sri Lanka’s share market indices closed mixed Friday with foreign buying interest seen in non-voting shares of Seylan Bank, while there was also buying interest in Lion Brewery Ceylon and brokers said.

            The All Share Price Index closed at 6,069.22, up 36.68 points (0.61 percent) while the more liquid S&P SL20 index fell 1.07 points (0.03 percent) to end at 3,193.99. Turnover was 612 million rupees.

            Asia Securities said crossings or off-the-floor negotiated deals accounted for 26 percent of the turnover with two crossings in Lion Brewery and one in Seylan Bank non-voting shares.

            Lion Brewery Ceylon closed unchanged at 555 rupees while Seylan Bank non-voting shares closed at 47.50 rupees, up 2.70 rupees (6.03 percent).

            Foreign investors were net sellers of 193.2 million worth of shares, with estimated net foreign selling mainly in John Keells Holdings which ended at 161 rupees, down 10 cents (0.06 percent).

            Estimated net foreign buying was highest in Seylan Bank non-voting shares.

            Janashakthi Insurance Company, in which there had been speculative buying the day before, closed at 28 rupees, down 70 cents (2.44 percent).
            (COLOMBO, December 07, 2018)
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            • #61


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              Without compromising your ability to Live Tomorrow………

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              • #62
                Sri Lankan stocks close down 0.4-pct

                ECONOMYNEXT – Sri Lankan stocks closed lower Monday with turnover at moderate levels and foreign buying in Sampath Bank while foreign selling continued in John Keells Holdings, brokers said.

                The All Share Price Index closed at 6,043.49, down 25.73 points (-0.42%) while the more liquid SP SL20 index fell 21.61 points (-0.68%) to end at 3,172.38. turnover was 570 million rupees.

                Asia Securities said there was only one crossing or off-market negotiated deal in Melstacorp.

                Foreign investors were net sellers of 231 million rupees worth of shares.

                Estimated net foreign buying was highest in Sampath Bank and selling highest in JKH.

                In the foreign exhange market, the rupee weakened to 179.00/20 to the US dollar from 178.70/85 last week.

                (COLOMBO, 10 December 2018)
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                Without compromising your ability to Live Tomorrow………

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                • #63
                  Sri Lankan stocks close down 0.3-pct, rupee weakens against dollar

                  ECONOMYNEXT – Sri Lankan stocks closed lower Tuesday with continued foreign selling while the rupee ended weaker against the US dollar amid continuing political uncertainty, brokers and dealers said.

                  The All Share Price Index closed at 6,026.26, down 17.23 points or 0.3 percent while the more liquid SP SL20 index fell 23.90 points or 0.8 percent to end at 3,148.48.

                  First Capital Holdings said the indices were dragged lower mainly by falls in Dialog Axiata and Commercial Bank.

                  Crossings or negotiated block deals (see correction below) accounted for 29 percent of the day’s total turnover of 689 million rupees.

                  There were two crossings in Hatton National Bank, and one each in Lion Brewery and Commercial Bank, Asia Securities said.

                  Foreign investors were net sellers of 165.7 million worth of shares, while their participation in terms of turnover increased to 50 percent from the previous day’s 46.1 percent.

                  Estimated net foreign buying was mainly in HNB while estimated net foreign selling was mainly in JKH.

                  In the foreign exchange market, the rupee weakened to 179.20/40 to the US dollar from 179.00/20 rupees the day before, dealers said.

                  (Correction – crossings are done on the crossing board of the stock exchange and are not off-the floor deals)
                  (COLOMBO, 11 December 2018)
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                  • #64
                    Sri Lankan stocks end up, foreigners buy into Sampath Bank

                    ECONOMYNEXT - Sri Lankan stocks closed higher Wednesday with continued foreign selling in John Keells Holdings and foreign buying seen in Sampath Bank, brokers said.

                    The All Share Price Index closed at 6,035.27, up 9.01 points or 0.15 percent while the more liquid S&P SL20 index ended at 3,151.00, up 2.52 points or 0.08 percent.

                    Crossings or negotiated block deals dominated the total turnover of 904 million rupees, brokers Asia Securities said.

                    Crossings accounted for 55 percent of the turnover with one crossing each in National Development Bank at 106.5o rupees and retailer Odel at 26.80 rupees a share.

                    Foreign investors were net sellers of 272.2 million worth of shares, with estimated net foreign buying mainly in Sampath Bank and selling mainly in JKH.

                    (COLOMBO, 12 December 2018)
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                    Without compromising your ability to Live Tomorrow………

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                    • #65


                      Live Today........
                      Without compromising your ability to Live Tomorrow………

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                      • #66
                        thanks PAT

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