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Friday December 9th, 2022
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"Some of the index heavy counters are dominating today," analysts said.
"The market was pushed up over the news of a potential 10 year debt moratorium," analysts said.
Market has continued to gain for the past four sessions.
India, China deal with crisis-hit Sri Lanka in a way to anger each other
"Market is still being pushed by Expolanka's expansion news, while Lanka IOC is moving on higher valuation."
Sri Lankan Ambassador in China had proposed creating four/five cruise itineraries in the island.
CBSL to hold policy decision meeting on Thursday
Monthly remittances have started rise year-on-year in September for the first time in 16 months
Analysts have a mixed view on the 2023 budget
Borrowing cost has been over 30%, but dealers have demanded much more than that - sources
Year on year, BCI shows that food prices have risen 53% in October 2022.
Tea is Sri Lanka's main export crop and earns over $1.5 billion export revenue annually.
“Certain enterprise laws will be altered for the interest of brining investment to Sri Lanka."
Trading was dull as investors awaited for directions from 2023 budget
Market slipped in the last two sessions
Bidders demanded higher rate for July 2925 bonds
| Latest | Last | |
|---|---|---|
| US Dollar | 371.7757 | 371.7599 |
| UK Pound | 442.7119 | 438.8584 |
| Euro | 387.1945 | 385.3880 |
| Aus Dollar | 253.0234 | 251.0798 |
| Yen | 2.6686 | 2.6603 |
| Latest | Last | |
|---|---|---|
| Indian Rupee | 4.4818 | 4.4863 |
| Korea Won | 0.2748 | 0.2747 |
| Oman Rial | 944.1068 | 944.1068 |
| Saudi Riyal | 96.7270 | 96.7115 |
| UAE Dirham | 98.9627 | 98.9627 |
| pts | % | |
|---|---|---|
| S&P SL20 | 2,464.20 | -3.19% |
| CSE All Share | 8,087.04 | -2.47% |
| Turnover Rs million | 1,626,658,918 | 1,576,314,848 |
| Latest | Last | |
|---|---|---|
| 3-m bill | 31.03 | 31.03 |
| 6-m bill | 29.57 | 29.60 |
| 12-m bill | 28.41 | 28.41 |
| 5-yr bond | 27.49 | 27.57 |
| 8-yr bond | 27.44 | 27.23 |
| today | yesterday | |
|---|---|---|
| Overnight Money | 15.50 | 15.50 |
| Gilt Repo | 15.50 | 15.50 |
| I-m SLIBOR | - | - |
Sri Lanka economic crisis aggravated after the collapse of rupee in March 2022
Failure to secure adequate coal is likely to force the govt to increase power cut duration.
Credit to state enterprises still grew 24.9 billion rupees in July
The UNICEF expects the number of malnourished children to rise further
The cash-strapped country is looking at ways to cut down on state expenditure and boost revenue.
"Investors expect the economy to recover sooner than later."
First half inflows US$400mn
It is expected to oversee treatment, rehabilitation, post-protection and related activities.
Commercial banks offered dollars for telegraphic transfers between 368.00 and 370.00
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