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Sunday March 26th, 2023
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If protests resurface this will pull down investors momentum towards shares, the analyst said.
The positive sentiment helped to boost both market turnover and net foreign buying to their highest in six week.
The manufacturing cost for the period increased to 261 million
Premadasa is aspiring to become the next Sri Lankan leader; some expect his party could have a landslide in LG polls
None of the offered 15 billion rupees of 15 January 2025 bonds at 22.5 percent were sold.
Residential values had grown 15.2 percent, commercial 15.7 percent and industrial 13.6 percent.
"These kinds of tragedies occur every other year due to the extreme hot climatic conditions, floods and so on.
"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
| Latest | Last | |
|---|---|---|
| US Dollar | 328.6083 | 334.9328 |
| UK Pound | 404.2407 | 411.1914 |
| Euro | 358.1529 | 359.7836 |
| Aus Dollar | 221.9914 | 225.8025 |
| Yen | 2.5191 | 2.5583 |
| Latest | Last | |
|---|---|---|
| Indian Rupee | 3.8504 | 4.0593 |
| Korea Won | 0.2471 | 0.2566 |
| Oman Rial | 824.2395 | 870.3981 |
| Saudi Riyal | 84.4779 | 89.2088 |
| UAE Dirham | 86.3927 | 91.2333 |
| pts | % | |
|---|---|---|
| S&P SL20 | 2,722.94 | -1.64% |
| CSE All Share | 9,395.98 | -1.38% |
| Turnover Rs million | 3,437,599,160 | 1,512,188,680 |
| Latest | Last | |
|---|---|---|
| 3-m bill | 26.95 | 28.13 |
| 6-m bill | 26.26 | 27.13 |
| 12-m bill | 25.26 | 26.11 |
| 5-yr bond | 26.01 | 25.82 |
| 8-yr bond | 24.73 | 24.73 |
| today | yesterday | |
|---|---|---|
| Overnight Money | 15.50 | 15.50 |
| Gilt Repo | 15.50 | 15.50 |
| I-m SLIBOR | - | - |
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
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
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