CSE Updates, Daily

Local buying pushes CSE higher for the second straight session

Sri Lanka, Oct 04 (Insights Equity) – The Colombo Stock Exchange (CSE), driven by local investor participation, edged up today for the second consecutive session, even as net foreign outflow extended for the twelfth straight session. Both indices record back-to-back gains: The broad market All Share Price Index inched up 21.77 points to close the… Continue reading Local buying pushes CSE higher for the second straight session

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CSE Updates, Daily

Sri Lankan stocks gain as foreign buying in JKH lifts turnover

Sri Lanka, Oct 03 (Insights Equity) – The Colombo Stock Exchange (CSE) edged up today after four straight sessions of losses as John Keells Holdings (JKH), led by foreign buying, accounted for nearly 84 percent of the day’s turnover. Both indices gain ending four consecutive sessions of losses: The All Share Price Index (ASPI) increased… Continue reading Sri Lankan stocks gain as foreign buying in JKH lifts turnover

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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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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

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Fed hikes rates; CSE foreign outflow likely to continue

Sri Lanka, Sep 27 (Insights Equity) – Net foreign outflow from Sri Lankan stocks is expected to continue further as the US Federal Reserve (Fed), the Central Bank of the US, raised its short term interest rates by quarter of a percent today for the third time this year. With LKR depreciating 9.0 percent against… Continue reading Fed hikes rates; CSE foreign outflow likely to continue