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Sri Lanka keeps policy rates steady despite rising foreign outflow

The Central Bank of Sri Lanka yesterday kept its key policy rates unchanged despite mounting foreign capital outflow from government securities and the Colombo Stock Exchange (CSE) exerting heavy pressure on the value of LKR against USD. Amid the US Federal Reserve tightening its monetary policy in recent years, effecting the latest hike in its… Continue reading Sri Lanka keeps policy rates steady despite rising foreign outflow

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CSE Updates, Daily

Sri Lankan stocks slide further; net foreign outflow continues as CB keeps policy rates steady

Sri Lanka, Oct 02 (Insights Equity) – The Colombo Stock Exchange (CSE) extended losses for the fourth straight session today despite the country’s Central Bank, in a surprise move, kept its key policy rates unchanged while net foreign outflow continued for the tenth consecutive session. ASPI down 0.2 percent as unchanged rates fail to impress… Continue reading Sri Lankan stocks slide further; net foreign outflow continues as CB keeps policy rates steady

CSE Updates, Daily

CSE posts lowest turnover in nearly a month on thin trade

Sri Lanka, Oct 01 (Insights Equity) – Sri Lankan shares today posted the lowest turnover in nearly a month amid low trading volumes as both indices slipped for the third consecutive session. Both ASPI and S&P SL20 down more than 1 percent: The broad market All Share Price Index (ASPI) dropped 44.64 points to close… Continue reading CSE posts lowest turnover in nearly a month on thin trade

CSE Updates, Weekly

CSE posts the third weekly loss; turnover down 50 percent

Sri Lanka, Sep 28 (Insights Equity) – Despite witnessing near one percent losses twice during the holiday-shortened week, Sri Lankan stocks narrowed their losses this week as weekly turnover declined nearly 50 percent from the previous week. ASPI drops 0.7 percent: The All Share Price Index (ASPI) fell 0.72 percent, to close the week at… Continue reading CSE posts the third weekly loss; turnover down 50 percent

CSE Updates, Daily

CSE declines amid foreign selling in JKH and Distilleries

Sri Lanka, Sep 28 (Insights Equity) – The Colombo Stock Exchange edged down today for the second consecutive session as net foreign outflow continued for the eighth straight session with overseas investors pulling out of their holding in John Keells Holdings (JKH) and Distilleries Company (DIST). ASPI down 0.12 percent: The broad market All Share… Continue reading CSE declines amid foreign selling in JKH and Distilleries

Investing

Why EPF’s re-entrance is a much needed boost to CSE

When the Governor of the Central Bank of Sri Lanka announced in the final week of August, that plans are underway for Employees’ Provident Fund(EPF), Sri Lanka’s largest pension fund, to re-engage in the equity investments in the Colombo Stock Exchange (CSE), Sri Lanka’s All Share Price Index (ASPI), recorded gains for five consecutive days,… Continue reading Why EPF’s re-entrance is a much needed boost to CSE

CSE Updates, Daily

Sri Lankan shares edge down as net foreign outflow continues

Sri Lanka, Sep 27 (Insights Equity) – The Colombo Stock Exchange (CSE) ended the session in red today, with both indices recording losses as net foreign outflow continued for the seventh straight session following another interest rate hike by the US Federal Reserve. ASPI returns to negative territory: Declining 18.21 points, the All Share Price… Continue reading Sri Lankan shares edge down as net foreign outflow continues