FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ 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
FINANCIAL CHRONICLE™️
www.srilankachronicle.com


Join the forum, it's quick and easy

FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ 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
FINANCIAL CHRONICLE™️
www.srilankachronicle.com
FINANCIAL CHRONICLE™
Would you like to react to this message? Create an account in a few clicks or log in to continue.
FINANCIAL CHRONICLE™

Encyclopedia of Latest news, reviews, discussions and analysis of stock market and investment opportunities in Sri Lanka

LISTED COMPANIES

Submit Post



Poll

Can there be another Covid-19 wave in Sri Lanka?

CSE closes week with dramatic upturn & better retail sentiment Vote_lcap68%CSE closes week with dramatic upturn & better retail sentiment Vote_rcap 68% [ 178 ]
CSE closes week with dramatic upturn & better retail sentiment Vote_lcap18%CSE closes week with dramatic upturn & better retail sentiment Vote_rcap 18% [ 47 ]
CSE closes week with dramatic upturn & better retail sentiment Vote_lcap13%CSE closes week with dramatic upturn & better retail sentiment Vote_rcap 13% [ 35 ]

Total Votes : 260

STOCK MARKET TRAINING
ශ්‍රී ලංකා මූල්‍ය වංශකථාව - සිංහල
Submit Post


CONATCT US


Send your suggestions and comments

* - required fields

Read FINANCIAL CHRONICLE™ Disclaimer



Latest topics

» EXPOLANKA HOLDINGS PLC (EXPO.N0000)
by apple Today at 12:19 am

» CAL Initial Public Offer
by abey Today at 12:17 am

» HSenid IPO
by abey Today at 12:09 am

» CLC...DONT PANIC
by sureshot Yesterday at 10:53 pm

» Don't marry a stock, marry the idea of making money trading stocks. That's the only way to do it.
by Asoka Samarakone Yesterday at 9:03 pm

» Beware of Fabricated news on CLC
by Surajmp Yesterday at 6:55 pm

» LOLC Group Share Rise Imminent
by Winner123 Yesterday at 6:46 pm

» LOLC Advanced Technologies launches RT-LAMP Covid 19 Test Kit in Sri Lanka
by samaritan Yesterday at 4:37 pm

» NAMU/WATA super gain
by cseguide Yesterday at 12:20 pm

» WATA and other plantation stocks
by cseguide Yesterday at 12:17 pm

» SEMB.N and SEMB.X
by adjoseph Yesterday at 11:59 am

» LOFC Direction
by stockchaser Yesterday at 5:59 am

» CLC - Bull & Bear LOCKED HORNS - can blast at any time.
by D.G.Dayaratne Fri Dec 03, 2021 8:07 pm

» ඔමික්‍රෝන් ලංකාවට ඇතුලු වෙයි
by stockchaser Fri Dec 03, 2021 6:28 pm

» CLC - worth the Investment
by Captain Fri Dec 03, 2021 6:18 pm

» LOLC waiting for LOFC 100+ and CLC 100+
by Captain Fri Dec 03, 2021 6:17 pm

» Water For All - CIND
by LHW Fri Dec 03, 2021 5:37 pm

» COCR can be attractive
by C.THARANGA Fri Dec 03, 2021 1:22 pm

» SCAP just about to run
by Swissinvest Fri Dec 03, 2021 12:23 pm

» NP Rumored to enter SCAP
by Swissinvest Fri Dec 03, 2021 10:42 am

EXPERT CHRONICLE™

MARKET CHAT


CHRONICLE™ ANALYTICS


ECONOMIC CHRONICLE

GROSS DOMESTIC PRODUCT (GDP)


CHRONICLE™ YouTube

LATEST TWEETS

You are not connected. Please login or register

FINANCIAL CHRONICLE™ » DAILY CHRONICLE™ » CSE closes week with dramatic upturn & better retail sentiment

CSE closes week with dramatic upturn & better retail sentiment

Go down  Message [Page 1 of 1]

Redbulls

Redbulls
Director - Equity Analytics
Director - Equity Analytics

Markets see-sawed over the week but improved retail sentiment by end-week buoyed activity on Friday, Acuity Stockbrokers said in a market report yesterday.

"The main Index on Friday was up 57 points from the previous day while turnover rose a significant 60%. Retail sentiment revived largely due to Parkson Retail Asia Ltd’s impending strategic transaction in Odel Plc.,’’ it said,

"Foreign investor activity too bounced back this week with net inflows surpassing LKR 0.5bn at the start of the week. Corporate earnings for Q2 2012 meanwhile have begun trickling in and have, so far, been strong. We expect the current momentum to continue into the week ahead.’’

John Keells Stock Brokers noted that ``renewed buying interest centred on large caps led the market to rebound sharply on Friday amid subdued activity levels with JKH, COMB.X, ODEL and CFIN were among most traded counters.’’ Foreign participation resulted in a Rs.526m net-inflow for the week, its weekly market report said.

However there was no word of whether Friday’s dramatic turnaround of the stock market with all three indices gaining sharply and turnover improving was a turnaround point.

With foreigners net buyers on the bourse last week, Acuity noted that the pace of growth of the trade deficit had slowed for the third consecutive month although in cumulative terms it had increased 24.7% Y-o-Y between January-May as imports rose 7.8% and exports fell 5.4%.

"Nevertheless, the latest data indicates that policy measures taken in Q1 2012 have had an impact and that inflows into the services account (tourism earnings up 24.9% Y-o-Y; Worker remittances up 17.7% Y-o-Y1) and capital and financial account have remained robust (FDI’s estimated at USD 437mn1; inflows to CSE increased by USD 187mn.),’’ the report said.

Gross official reserves meanwhile were an equivalent of 3.4 months of imports by end May 2012, and the IMF’s release of the final tranche of the SBA loan along with the proceeds from the country’s latest international sovereign bond are expected to boost official reserves significantly by end July, Acuity reported.
http://www.island.lk/index.php?page_cat=article-details&page=article-details&code_title=57907

Back to top  Message [Page 1 of 1]

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