ECONOMYNEXT – Sri Lanka’s shares moved up over 1-percent in mid-morning trade on Thursday (22) continuing the momentum from the previous day, data showed.
The main All Share Price Index (ASPI) gained 1.03 percent or 102.27 points to 10,015 points at 1100 hours.
Most liquid index S&P SL20 up 1.00 percent or 32.09 points to 3,232.
Market generated a turnover of 2.4 billion rupees.
Top gainers were LOLC, Browns Investment and Royal Ceramics. (Colombo/Sep22/2022)
ECONOMYNEXT – Sri Lanka’s rupee closed at 327.40/90 to the US dollar on Tuesday, from 328.10/30 the previous day, dealers said.
Bond yields were stable.
A bond maturing on 01.06.2025 closed at 13.60/70 percent from 13.70/14.00 percent.
A bond maturing on 01.08.2026 closed at 13.90/14.00 percent from 13.90/14.10 percent.
A bond maturing on 15.01.2027 closed at 14.00/15 percent from 14.00/14.10 percent.
A bond maturing on 01.07.2028 closed at 14.10/20 percent from 14.20/35 percent.
A bond maturing on 15.05.2030 closed at 14.20/35 percent, from 14.25/45 percent.
A bond maturing on 01.07.2032 closed at 14.10/35 percent, from 14.05/40 percent. (Colombo/Dec5/2023)
Continue ReadingECONOMYNEXT – The Colombo Stock Exchange closed down on Tuesday, CSE data showed.
The All Share Price Index was down 0.40 percent, or 43.50 points, at 10,700.09.
The S&P SL20 index was up 0.43 percent, or 13.32 points, at 3,054.41.
Turnover was at 711 million. The capital goods sector contributed 172 million, the food, beverage and tobacco sector contributed 140 million, and banks 113 million of this.
Top positive contributors to the ASPI in the day were John Keells Holdings Plc (up at 193.00), Richard Pieris And Company Plc (up at 19.80), and Nation Lanka Finance Plc, (up at 0.40).
Negative contributors were Commercial Bank of Ceylon Plc (down at 89.70), Sampath Bank Plc (down at 71.00), and Central Finance Company Plc, (down at 106.00). (Colombo/Dec5/2023).
Continue ReadingECONOMYNEXT – The Ministry of Education proposes to reduce the number of school grades from 13 to 12, according to a government information department statement.
“Every child will be given the opportunity to finish school in 17 years through the proposed new education reforms,” education officials were quoted as saying after a discussion on budget allocations.
Under the proposed system, pre-school education will be at the age of 4 years, the primary section between grades 1-5, junior section between grades 6-8, and senior section between grades 9-12.
The General Certificate of Education Ordinary Level Exam (GCE O/L) is proposed to be conducted in grade 10, and the Advanced Level Examination in grade 12.
It has also been decided to reduce the number of mandatory subjects at the GCE O/L Exam from 9 to 7.
Three new subjects, information and communication technology (ICT), technical and professional skills, and religion and values will be made mandatory and included in those 7 subjects. (Colombo/Dec5/2023)
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