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

» Look PAP Amazing company
by Nuwan Samarawickrama Today at 12:29 pm

» Will ACME touch the peak in this week.?
by nuwanmja Today at 10:12 am

» RENUKA CAPITAL PLC KZOO.N0000@2.80
by EquityChamp Today at 9:36 am

» Plantation sector
by EquityChamp Today at 9:31 am

» CBSL to reduce lending rates further to help SMEs
by EquityChamp Today at 6:54 am

» ACME AND LDEV
by EquityChamp Today at 6:49 am

» Time for BFN -ACME - LDEV -BALA
by EquityChamp Today at 6:47 am

» Guys Look for DPL@5.20
by fireshelter Yesterday at 10:53 pm

» LLUB Pattern reversed. Good buy @60, target +20%
by EquityChamp Yesterday at 8:37 pm

» Why AAIC Should trade above RS.50/-
by wisdom79 Yesterday at 8:33 pm

» Look APLA its trending to 98LKR
by EquityChamp Yesterday at 11:56 am

» SLTL should touch 30/-
by Teller Sat Jul 20, 2019 9:29 pm

» Sri Lanka Dialog Axiata net profits up 21-pct in June quarter
by EquityChamp Sat Jul 20, 2019 9:14 pm

» RCL.N0000 - Trading at a discounted prcice.
by EquityChamp Sat Jul 20, 2019 9:07 pm

» SFIN.N will hit Rs 15.50 today
by Teller Sat Jul 20, 2019 5:15 am

» CSE BULLISH MODE TO CONTINUE
by Yahapalanaya Fri Jul 19, 2019 9:34 pm

» AEL lovers good news..Rusi again back on the track to AEL....
by samansilva Fri Jul 19, 2019 12:25 pm

» TKYO.X0000 will it move furthur?
by MarketRambo Fri Jul 19, 2019 10:24 am

» Softlogic Eyes Asia, Africa For Expansion
by Capton KIng Cool Fri Jul 19, 2019 9:02 am

» Tommorow's winning encounters
by Winner123 Thu Jul 18, 2019 9:19 pm

» lOFC definitely will hit 6/-
by fireshelter Thu Jul 18, 2019 5:29 pm

» BFN BFN BFN ගොන් කම අත ඇරල ටික කාලයක් අල්ලන් හිටියනම් ඔක්කොමලා ගොඩ BFN BFN BUY AND HOLD -
by sanjulanka Thu Jul 18, 2019 3:38 pm

» Market will test 4700
by Promoney Thu Jul 18, 2019 10:38 am

» NEXT RUN People's leasing and Finance WAIT AND WATCH ENJOY RIDE..
by karuna2 Thu Jul 18, 2019 1:07 am

» SFIN.N will be the next bull run
by Bakka1988 Wed Jul 17, 2019 4:33 pm

» Next super star SINGER FINANCE..
by samansilva Wed Jul 17, 2019 9:49 am

» LOFC -XR big transaction
by Promoney Tue Jul 16, 2019 10:03 am

» Momentum will begin after 5400
by prabath Tue Jul 16, 2019 8:12 am

» WATA future looks good
by Teller Tue Jul 16, 2019 3:36 am

» RICH is not bad @ 9/-
by Teller Tue Jul 16, 2019 3:33 am

» NEXT GEM.. HNB Non voting (HNB X)..
by samansilva Sat Jul 13, 2019 11:20 pm

» LIOC upward curve
by samansilva Sat Jul 13, 2019 11:17 pm

» IDL IDL IDL
by samansilva Sat Jul 13, 2019 10:15 am

» No Confidance motion against the Government was defeted by 119 and 92 against. 13 Absent
by Capton KIng Cool Fri Jul 12, 2019 9:28 am

» Contact us for your bank instruments such as SBLC/BG/LC/MTN 100% Protected
by summitplc Thu Jul 11, 2019 10:04 pm

» Contact us for your bank instruments such as SBLC/BG/LC/MTN 100% Protected
by summitplc Thu Jul 11, 2019 10:00 pm

» PAN ASIA POWER
by Nuwan Samarawickrama Thu Jul 11, 2019 9:58 pm

» Today JVP's No confidance motation in the Parliment is Very cruicial .WHY?
by Yahapalanaya Thu Jul 11, 2019 9:33 pm

» Sri Lanka’s Royal Ceramics group expands contract manufacture in India
by shameen Thu Jul 11, 2019 11:53 am

» CIND , 10% guaranteed return
by Teller Thu Jul 11, 2019 2:45 am

» BUY AEL Few crossings on the way..
by rukshan1234 Wed Jul 10, 2019 11:51 pm

» Unisyst Engineering Known as(Alufab) have annouced a right issue
by Capton KIng Cool Tue Jul 09, 2019 3:43 pm

» what is the future of KHL (JOHN KEELES HOTELS)
by shameen Tue Jul 09, 2019 1:48 pm


You are not connected. Please login or register

Sri Lanka Equity Forum » Stock Market Talk » Sri Lanka Shares Surge As Gov't Flags Projects & Rupee Steady

Sri Lanka Shares Surge As Gov't Flags Projects & Rupee Steady

Go down  Message [Page 1 of 1]

Miss-Sangeetha

Miss-Sangeetha
Moderator
Moderator
Sri Lankan shares ended firmer on Thursday, touching their highest intraday gain in more than eight months, a day after the government launched a $2.2 billion Japanese-funded project, boosting investor sentiment; while the rupee ended steady.
The benchmark stock index jumped 1.8% to its highest percentage gain since Nov. 1, 2018. The bourse ended up at 5,508.97, its highest close since April 18. The index rose 0.16% last week and posted its first monthly gain for the year in June. However, the bourse is down 8.98% so far this year. 
 The launch of the Light Railway Transit (LRT) project late Wednesday lifted real-estate stocks, with Access engineering ending 4.11% higher, while Property Development PlC closing 4.79% firmer.
 The biggest gainers in the index were diversified and banking stocks. Shares in Distillers Company of Sri Lanka rose 10.39%, while conglomerate John Keells Holdings Plc ended 1.54% stronger. Foreigners sold on a net basis for 18 sessions in 19, selling a net 3.5 million rupees worth of shares on Thursday and extending the year-to-date net foreign outflows to 7.01 billion rupees, the bourse data showed. 
Stock market turnover on Thursday was 858.1 million rupees ($4.88 million), well above this year's daily average of about 545.9 million rupees. Last year's daily average was 834 million rupees.
The government's plan to launch central highw and light railway here projects here helped lift hopes that the country's transformation would result in a faster economic growth rate, stockbrokers said. 
Sri Lanka is unlikely to hit its full-year economic growth target of 3-4% following Easter Sunday bombings and a Reuters poll has forecast growth to slump to its lowest in nearly two decades this year. 
Meanwhile, the currency closed steady at 176.00/25 per dollar as banks' dollar sales offset the importer greenback demand. The rupee rose 0.17% last week, and is up 3.75% so far this year. The rupee dropped 16% in 2018 and was one of the worst-performing currencies in Asia.
 The island nation raised $2 billion via 5-year and 10-year sovereign bond sales last week, tapping global capital markets for the second time in three months. Foreign investors bought a net 2.26 billion rupees worth of government securities in the week ended June 26, but the island nation's net foreign outflow was at 18.4 billion rupees so far this year, the central bank data showed.  The central bank cut its key interest rates on May 31 to support a faltering economy as overall business and consumer confidence slumped following deadly bomb attacks in April.
Source- Adaderana /Reuters

samaritan


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
By hybernating for the past four& half years the Govt has lost the confidence of the masses. Doubt whether they could re-establish the lost confidence at the eleventh hour!

samaritan


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@samaritan wrote:By hybernating for the past four& half years the Govt has lost the confidence of the masses. Doubt whether they could re-establish the lost confidence at the eleventh hour!
Sri Lanka Shares Surge As Gov't Flags Projects & Rupee Steady Z

Sponsored content


Back to top  Message [Page 1 of 1]

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