Sri Lanka Equity Forum
Dear Reader,

Registration with the Sri Lanka Equity Forum would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
Sri Lanka Equity Forum

Discussion Forum for Stock Market Investors in Sri Lanka

සිංහල පරිවර්තනය
Submit Post
Submit Post
Market Place

Add an ad

View all ads

Latest topics

» Browns investments
by Winner123 Today at 4:29 pm

» PAN ASIA BANK
by samaritan Today at 7:03 am

» CFVF.N0000 - Deal at What price?
by Winner123 Yesterday at 8:35 pm

» Profitability of all the banks slides down on bigger margins
by hammurabi Yesterday at 8:25 pm

» Why AAIC Should trade above RS.50/-
by wisdom79 Yesterday at 8:17 pm

» Gotabaya Rajapaksha will named after 10th August. Aspi will move above 6500
by deli Yesterday at 7:43 pm

» කව්ද පකීර් ?(who is the Veteran)
by reyaz Yesterday at 7:32 pm

» Positive News
by samaritan Yesterday at 7:27 pm

» lOFC definitely will hit 6/-
by wealth123 Yesterday at 7:06 pm

» News AEL super report in this quarter Don't sell ..
by sheildskye Yesterday at 6:59 pm

» JKH will touch 175 very soon
by Teller Yesterday at 11:12 am

» HEXP : GOOD TO COLLECT BELOW RS.85
by Trader321 Yesterday at 10:20 am

» ASHO will hit moon. Deal with SLTB
by Bakka1988 Yesterday at 9:38 am

» LOLC Holding( LOLC N.0000)
by stockback Thu Aug 15, 2019 10:31 pm

» CFVF.N0000 :Amazing Result- Quarter Profit more than Half Billion
by Winner123 Thu Aug 15, 2019 12:43 pm

» GLASS (piramal glass ceylon plc) from
by Teller Thu Aug 15, 2019 11:02 am

» Kzoo vs onal
by wisdom79 Wed Aug 14, 2019 9:45 pm

» GREG is back
by wisdom79 Wed Aug 14, 2019 9:42 pm

» AAIC - Profit over one billion!!!!!
by wisdom79 Wed Aug 14, 2019 9:39 pm

» Sri Lankan Billionaire Dhammika Perera may Spend Rs. 10 Billion for a Presidential Campaign without any Risk! His Daily Casino Profits said to be over Rs. 50 Million
by Teller Wed Aug 14, 2019 8:40 am

» CFVF : Another dividend ?
by Promoney Tue Aug 13, 2019 7:28 pm

» CFVF.N0000 & PARQ.N0000 - These two counters Must be in your Portfolios
by Trader321 Tue Aug 13, 2019 6:39 pm

» PARQ.N0000 : Target Price Rs. 50 /=
by Hewagak Tue Aug 13, 2019 5:01 pm

» TAP Less than 1% Shares in the Market
by sanjulanka Tue Aug 13, 2019 12:10 pm

» AEL PRICE TUESDAY
by Winner123 Tue Aug 13, 2019 12:09 pm

» what is the future of KHL (JOHN KEELES HOTELS)
by bhanu Mon Aug 12, 2019 9:03 pm

» TKYO.X0000 will it move furthur?
by bhanu Mon Aug 12, 2019 5:00 pm

» stock market investors and cheated those who approached them.
by Asoka Samarakone Mon Aug 12, 2019 10:14 am

» LLMP can run in present market
by wealth123 Mon Aug 12, 2019 10:03 am

» Where Is Equity Champ
by Teller Mon Aug 12, 2019 8:52 am

» Pending AEL crossing @ Rs.20 deal near soon..
by EPS Sun Aug 11, 2019 8:26 pm

» HI EVERY ONE I'M NEW TO THE MARKET PLEASE HELP ME IS IT GOOD TIME TO ENTER THE MARKET AND WHAT IS GOOD TO BUy?
by King of vice Sun Aug 11, 2019 7:38 am

» Let's Pump And Dump BUT...
by King of vice Sun Aug 11, 2019 7:26 am

» Be careful CTBL share
by MarketWch Sat Aug 10, 2019 7:59 pm

» ඔරියන්ට් ෆ්යිනැන්ස් -විකිනීම ස්තිරයි - අද ද අයිලන්ඩ් පුවත් පත බලන්න 2020 වෙනකම් පුලුවන් නම් තියා ගන්න - අදහා ගන්න බැරි ආදායමක් ලබන්න
by sanjulanka Sat Aug 10, 2019 6:38 pm

» BFN BFN BFN ගොන් කම අත ඇරල ටික කාලයක් අල්ලන් හිටියනම් ඔක්කොමලා ගොඩ BFN BFN BUY AND HOLD -
by sanjulanka Sat Aug 10, 2019 7:11 am

» Next run DOCK?
by Eng Krishantha Fri Aug 09, 2019 2:41 pm

» EAST WEST PRICE
by Ahcha Fri Aug 09, 2019 2:13 pm

» Your thoughts about GREG.N and SPEN.N
by shihan 93 Fri Aug 09, 2019 10:31 am

» East West result is to be published
by samansilva Thu Aug 08, 2019 9:22 pm

» Union Bank website wins gold at dotCOMM awards 2019
by MarketWch Thu Aug 08, 2019 4:53 pm

» Prepare now, and get rich later.
by Asoka Samarakone Thu Aug 08, 2019 4:28 pm

» Hayles Result is out
by Capton KIng Cool Thu Aug 08, 2019 4:07 pm


You are not connected. Please login or register

Sri Lanka Equity Forum » Stock Market Talk » Foreign buying boosts Stock Market to over 7-week closing high - See more at: http://www.ft.lk/article/559800/Foreign-buying-boosts-Stock-Market-to-over-7-week-closing-high#sthash.jNGMb7p9.dpuf

Foreign buying boosts Stock Market to over 7-week closing high - See more at: http://www.ft.lk/article/559800/Foreign-buying-boosts-Stock-Market-to-over-7-week-closing-high#sthash.jNGMb7p9.dpuf

Go down  Message [Page 1 of 1]

fireshelter

fireshelter
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
Sri Lankan shares gained on Friday to a more than seven-week closing high on foreign buying, and as investors bought blue chips expecting better profits on hopes that the Central Bank’s rate hike would help improve the island nation’s macro-economic outlook.

Overseas investors were net buyers of 167 million rupees ($1.15 million) worth of shares on Friday, extending the net foreign inflow during the last eight sessions to 951.3 million rupees worth of equities.

However, they have been net sellers of 3.86 billion rupees worth of shares so far this year.

The benchmark Colombo stock index ended up 0.6%, or 38.88 points, at 6,517.13, its highest close since June 14.

“Market is up on renewed buying interest after yesterday’s consolidation,” Senior Research Analyst at First Capital Equities Ltd Atchuthan Srirangan said.

On Thursday, the bourse ended lower on profit-taking, snapping five days of gains.

“The good thing is there is not much of selling pressure in the market. We will see the market gaining with some consolidation in between,” Srirangan added.

Shares have risen on hopes that economic fundamentals would improve after the Central Bank last week raised its main interest rates by 50 basis points each in a surprise move aimed at curbing stubbornly high credit growth that is adding to concerns about inflationary pressures.

Stockbrokers said the market is waiting for an economic policy announcement from Prime Minister Ranil Wickremesinghe, scheduled later this month.

Turnover stood at 1.05 million rupees, more than this year’s daily average of around 734.1 million rupees.

Shares in conglomerate John Keells Holdings Plc rose 0.97% while Lanka ORIX Leasing Company PLC jumped 5.15%, pushing the overall index up.

[size=30]Rupee ends up on foreign investors’ dollar sales[/size]

Reuters: The Sri Lankan rupee ended slightly firmer on Friday as foreign investors sold dollars to buy local shares, expecting better profits on hopes that the latest rate hike would help improve the island nation’s macro-economic outlook, dealers said.

The spot rupee ended at 145.55/65 per dollar, compared with Thursday’s close of 145.60/68, a dealer said.

“The importer demand was low and we have seen some foreign selling to buy stocks,” said a currency dealer, asking not to be named.

The spot rupee is usually managed by the Central Bank, and market participants use the forward market levels for guidance on the currency.

One-week rupee forwards ended little changed at 145.80/90 per dollar, compared with Thursday’s close of 145.80/88.

Last week, the Central Bank raised its main interest rates by 50 basis points each in a surprise move aimed at curbing stubbornly high credit growth that is adding to concerns about inflationary pressures.

Foreign investors, however, sold 768 million rupees ($5.28 million) worth of government securities in the week ended on Aug. 3.

However, they have bought 63.7 billion rupees worth of government securities, since the IMF agreed to a $1.5-billion bailout package, from April 29 through July 27, Central Bank data showed.

- See more at: http://www.ft.lk/article/559800/Foreign-buying-boosts-Stock-Market-to-over-7-week-closing-high#sthash.jNGMb7p9.dpuf

sampath.anuradha


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
මෙම වසරේ සහ ඊට පෙර වසරේ කොළඹ කොටස් වෙළෙඳපොළෙන් ශුද්ධ විදේශීය ගලායාමක් වාර්තා කර තිබුණ ද එය ඊට පෙර වසරවල කොටස් වෙළෙඳපොළ වෙත ගලා ආ විදෙස් ආයෝජන හා සැසඳීමේ දී කුඩා අගයයක් බව කොළඹ කොටස් වෙළෙඳපොළ ප්‍රධාන විධායක නිලධාරී රජීව බණ්ඩාරනායක මහතා පැවසීය. පසුගිය දා කොළඹ කොටස් වෙළෙඳපොළේ පැවති පුවත්පත් සාකච්ඡාවක දී ඒ මහතා මේ බව කියා සිටියේය.
මෙහිදී වැඩිදුරටත් අදහස් දැක්වූ රජීව බණ්ඩාරනායක මහතා මෙසේ පැවසීය.
“2013 හා 2014 වසරවලදී රුපියල් බිලියන 33 ක හා රුපියල් බිලියන 22 ක පමණ ප්‍රමාණයක ශුද්ධ විදේශීය ගලා ඒම් වාර්තා වුණා. නමුත් මෙම වර්ෂයේ හා පසුගිය වර්ෂයේ ආයෝජනවල පිටවීමක් තිබුණත් එය එතරම් විශාල ප්‍රමාණයක් නොවෙයි. මේ අවුරුද්දේ දැනට රුපියල් බිලයන 5 ක පමණ හා පෙර වසරේ රුපියල් බිලියන 3 ක පමණ ශුද්ධ විදේශීය ගලා යාමක් වාර්තා වෙනවා. මෙයින් පැහැදිලි වන්නේ කොටස් වෙළෙඳපොළට ආපු මුදල් තවමත් එහි රැදී තිබෙන බවයි
http://biz.adaderana.lk/

Back to top  Message [Page 1 of 1]

Permissions in this forum:
You cannot reply to topics in this forum