The Investor Sentiment - Equity and investments forum for Sri Lankans

Join the forum, it's quick and easy

The Investor Sentiment - Equity and investments forum for Sri Lankans
The Investor Sentiment - Equity and investments forum for Sri Lankans
Would you like to react to this message? Create an account in a few clicks or log in to continue.
Please send an email to if you face any technical difficulties when posting
Display results as :
Advanced Search
Latest topics
Coronavirus UpdatesMon Feb 08, 2021 9:56 amThe Invisible
Browns Investments updateTue Feb 02, 2021 2:38 pmYin-Yang
ACL CablesWed Dec 30, 2020 7:22 pmsubash
Merry Christmas to AllTue Dec 29, 2020 4:53 pmchutiputha
Trading Journal Sat Dec 12, 2020 11:33 pmxmart
HVA FoodsFri Dec 04, 2020 10:25 amThe Invisible
Tokyo CementMon Nov 23, 2020 9:42 amRajapaksap
Insider Dealings Fri Nov 20, 2020 2:30 ampjrngroup
UML United MotorsTue Nov 10, 2020 8:50 amThe Invisible
ExpolankaMon Nov 09, 2020 8:46 pmsmallville
Plantation Sector UpdatesSat Nov 07, 2020 8:15 amRajapaksap
HAYC - HaycarbFri Nov 06, 2020 12:11 pmsubash
LWL.N0000 (Lanka Walltiles PLC)Fri Oct 16, 2020 12:50 amsubash

Information posted in this forum are entirely of the respective members' personal views. The views posted on this open online forum of contributors do not constitute a recommendation buy or sell. The site nor the connected parties will be responsible for the posts posted on the forum and will take best possible action to remove any unlawful or inappropriate posts.
All rights to articles of value authored by members posted on the forum belong to the respective authors. Re-using without the consent of the authors is prohibited. Due credit with links to original source should be given when quoting content from the forum.
This is an educational portal and not one that gives recommendations. Please obtain investment advises from a Registered Investment Advisor through a stock broker

Go down
The Invisible
The Invisible
Posts : 3078
Join date : 2016-11-28
Age : 41

Sri Lanka rupee breaches Rs.173 against USD, stocks rebound 1.1-pct Empty Sri Lanka rupee breaches Rs.173 against USD, stocks rebound 1.1-pct

Sat Oct 27, 2018 6:50 am
Message reputation : 100% (1 vote)
ECONOMYNEXT - The Sri Lanka rupee closed Friday at a new low of 173.05/20 rupees against the US dollar while stocks rebounded a sharp 1.1 percent amidst buying foreign buying interest in John Keells Holdings and Hatton National Bank, market participants said.

The rupee traded at an intraday low of 173.08 rupees against the US dollar in the spot market.

The currency closed Thursday at 172.75/90 rupees against the greenback.

Gilt yields edged higher in the secondary market.

A three-year bond maturing in 2021 ended unchanged at 10.85/95 percent in two-way quotes and a five-year bond maturing in 2023 closed at 11.35/40 percent, edging higher from 11.33/38 percent the previous day.

In equities, Colombo's All Share index gained 1.10 percent, up 63.42 points to 5,831.96, and the S&P SL20 index of more liquid stocks ended a sharp 2.38 percent higher, up 69.68 points to 2,997.33.

Market turnover was 1.47 billion rupees with foreign activity accounting for nearly 72 percent. During the day, 104 stocks had gained against 27 that declined.

John Keells Holdings (up 4.60 rupees to 140.10 rupees), Sampath Bank (up 9.40 rupees to 231.90 rupees), Commercial Leasing and Finance (up 40 cents to 2.70 rupees) contributed to the benchmark index gain.

Commercial Bank gained 2.50 rupees to 110.30 rupees and Melstacorp ended 1.50 rupees higher at 50 rupees.

Net foreign selling was 48.3 million rupees, down from selling of 277.5 million rupees the previous day.

Foreign selling in Commercial Bank was 82 million rupees, according to Asia Securities.

Foreign buying in Hatton National Bank was 104 million rupees, followed by 88 million rupees in John Keells Holdings. Hatton National Bank closed 3.30 rupees higher at 208.30 rupees.

Crossings, or off-market negotiated trades, amounted to 1.1 billion rupees, accounting for 76 percent of market turnover.

There were six crossings in Commercial Bank for 474.4 million rupees, three in Hatton National Bank for 209.3 million rupees and three in Nestle Lanka for 204.7 million rupees.

Nestle Lanka was unchanged at 1,650 rupees.

One crossing in Lion Brewery amounted to 91.9 million rupees while two in John Keells Holdings amounted to 91 million rupees.

Lion Brewery ended 24.70 rupees lower at 575 rupees.

There was one crossing in NDB Bank for 44 million rupees; the stock gained 2.90 rupees to close at 101.90 rupees. (COLOMBO, 26 October 2018)
Back to top
Permissions in this forum:
You cannot reply to topics in this forum