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?

Rupee gathers further strength; profit taking drags Bourse on Rs. 1 b turnover Vote_lcap68%Rupee gathers further strength; profit taking drags Bourse on Rs. 1 b turnover Vote_rcap 68% [ 178 ]
Rupee gathers further strength; profit taking drags Bourse on Rs. 1 b turnover Vote_lcap18%Rupee gathers further strength; profit taking drags Bourse on Rs. 1 b turnover Vote_rcap 18% [ 47 ]
Rupee gathers further strength; profit taking drags Bourse on Rs. 1 b turnover Vote_lcap13%Rupee gathers further strength; profit taking drags Bourse on Rs. 1 b turnover 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

» SCAP just about to run
by nish84 Today at 12:57 am

» CLC - Bull & Bear LOCKED HORNS - can blast at any time.
by soileconomy Today at 12:01 am

» LMF target price+++++
by buddikasmart Yesterday at 11:34 pm

» BUY and HOLD CLC Possible to trade above 300/- [CLC= NIFL]
by Peris.G Yesterday at 10:28 pm

» LOFC Direction
by RAVI1980 Yesterday at 10:08 pm

» CLC - worth the Investment
by jaya Yesterday at 9:38 pm

» is KCAB going for a split?
by dimi Yesterday at 7:16 pm

» LMF vs LAMP
by C.THARANGA Yesterday at 6:46 pm

» NP Rumored to enter SCAP
by Swissinvest Yesterday at 5:48 pm

» COCR can be attractive
by chandike73 Yesterday at 4:24 pm

» SOFTLOGIC CAPITAL PLC (SCAP.N0000)
by nish84 Yesterday at 4:13 pm

» LLUB comparison between 2016- 2021 Same EPS Trading at Huge discount
by samansilva Yesterday at 2:16 pm

» Shares to Buy
by PhilT Yesterday at 1:59 pm

» CLC placed on a Slingshot . . . !!!
by Elite_SGX Yesterday at 11:48 am

» CLC – the Pinnacle of LOCH
by Elite_SGX Yesterday at 11:48 am

» CLC getting ready for Singapore
by Elite_SGX Yesterday at 11:47 am

» NATIONAL DEVELOPMENT BANK PLC (NDB.N0000)
by ADAD Yesterday at 11:44 am

» AGAL - Long way to go !
by Nimal hemantha perera Yesterday at 11:43 am

» East West ltd
by chandike73 Yesterday at 11:40 am

» BAIRAHA FARMS PLC (BFL.N0000)
by hotstock Yesterday at 11:32 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™ » Rupee gathers further strength; profit taking drags Bourse on Rs. 1 b turnover

Rupee gathers further strength; profit taking drags Bourse on Rs. 1 b turnover

Go down  Message [Page 1 of 1]

Redbulls

Redbulls
Director - Equity Analytics
Director - Equity Analytics

The rupee rose to a nine-month closing high on Thursday due to foreign inflows into Government securities despite the Central Bank buying dollars to prevent a rapid appreciation, dealers said.

The rupee closed at 126.12/20 to the dollar from Wednesday’s close of 126.20/30.

“We saw foreign inflows into treasury bonds. The Central Bank bought dollars from the market to prevent a sharp gain,” a currency dealer said according to Reuters.

Deputy Central Bank Governor Nandalal Weerasinghe said the Central Bank had been buying dollars for a few days to prevent volatility.

Currency dealers expect more inflows into Treasury bonds and bills after the Government’s debt office said on Wednesday Sri Lanka could accommodate up to Rs. 60 billion foreign investment in Government securities this year.

Profit taking on John Keells Holdings and banking sector stocks yesterday sent the ASI into negative territory whilst a few large deals boosted turnover to Rs. 1 billion.

“Retail participation continued to be muted whilst private deals on blue chips helped bolster turnover,” Lanka
Securities said. However, Distilleries saw continued interest from retail and institutional
investors.

Asia Wealth Management said the ASI had a tumultuous experience with considerable volatility being witnessed in the index performance.

The day was marked by number of large crossings by institutional investors on a number of large cap counters over the course of the day. A large crossing of approximately 1.8 million shares of Hatton National Bank, which took place at a price of Rs. 146 each resulted in the counter becoming the top contributor towards the days turnover. The counter accounted for approximately 25% of the day’s turnover.
In contrast to the heavy institutional interest experienced over the course of the day on large cap counters, retail activity was limited to small cap counters such as Free Lanka Capital Holdings, Piramal Glass and Blue Diamonds (Non-voting).

In addition crossings were witnessed on the following counters; Distilleries Company of Sri Lanka saw one million shares change hands at a price of Rs. 146, John Keells Holdings experienced three crossings totalling 5,667,000 shares at a price between Rs. 223.50-225, Nestle Lanka also benefitted from a crossing of 307,000 shares at a price of Rs. 1,630, and Sampath Bank saw 100,000 shares change hands at a price of Rs. 201.

Foreign purchases amounted to Rs. 678.9 million, whilst foreign sales amounted to Rs. 539.4 million resulting in a net foreign inflow of Rs. 139.5 million.
http://www.ft.lk/2013/01/11/rupee-gathers-further-strength-profit-taking-drags-bourse-on-rs-1-b-turnover/

Back to top  Message [Page 1 of 1]

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