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» "පියසේනට දැං සනීපයි..."
Sri Lanka rupee sharply down, stocks surge 1.9-pct EmptyToday at 5:00 pm by Ethical Trader

» Dividend Announcement
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» TJL.N0000 (Textured Jersey Lanka PLC.)
Sri Lanka rupee sharply down, stocks surge 1.9-pct EmptyToday at 11:50 am by serene

» CFVF - First Capital
Sri Lanka rupee sharply down, stocks surge 1.9-pct EmptyToday at 7:43 am by serene

» Thread for News on CSE and SL Economy
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» විද්‍යාව මිස්ගේ පාඩම...
Sri Lanka rupee sharply down, stocks surge 1.9-pct EmptyYesterday at 7:27 am by sanjulanka

» Trading Journal
Sri Lanka rupee sharply down, stocks surge 1.9-pct EmptyTue Jul 16, 2019 11:50 pm by pathfinder

» වචන නම් අපේ ඒත් තනුව ?????????
Sri Lanka rupee sharply down, stocks surge 1.9-pct EmptyTue Jul 16, 2019 8:08 pm by Rana

» Access Engineering AEL Technical Analysis
Sri Lanka rupee sharply down, stocks surge 1.9-pct EmptyMon Jul 15, 2019 3:07 pm by NIRMALSG

» Tourism sector
Sri Lanka rupee sharply down, stocks surge 1.9-pct EmptySun Jul 14, 2019 8:57 am by NIRMALSG

» Cricket, meet Capitalism
Sri Lanka rupee sharply down, stocks surge 1.9-pct EmptyFri Jul 12, 2019 1:24 pm by කිත්සිරි ද සිල්වා

» LFIN - LB Finance
Sri Lanka rupee sharply down, stocks surge 1.9-pct EmptyThu Jul 11, 2019 11:27 am by Ethical Trader

» අපි නොදන්න චෙස් කිව්වලු !
Sri Lanka rupee sharply down, stocks surge 1.9-pct EmptyTue Jul 09, 2019 6:25 pm by serene

» Stock Market to stay Bullish
Sri Lanka rupee sharply down, stocks surge 1.9-pct EmptyMon Jul 08, 2019 7:51 am by කිත්සිරි ද සිල්වා

» Is an emoji a word or a gesture?
Sri Lanka rupee sharply down, stocks surge 1.9-pct EmptyMon Jul 08, 2019 7:46 am by කිත්සිරි ද සිල්වා

»  Rajgama Heroes !
Sri Lanka rupee sharply down, stocks surge 1.9-pct EmptyMon Jul 08, 2019 7:39 am by කිත්සිරි ද සිල්වා

» HHL.N0000 ( Hemas Holdings PLC)
Sri Lanka rupee sharply down, stocks surge 1.9-pct EmptySun Jul 07, 2019 12:25 pm by dhanurrox

» Checkmate, meatbags !
Sri Lanka rupee sharply down, stocks surge 1.9-pct EmptySun Jul 07, 2019 7:20 am by spw19721

» GLAS.N0000 (PIRAMAL GLASS CEYLON PLC)
Sri Lanka rupee sharply down, stocks surge 1.9-pct EmptySat Jul 06, 2019 8:13 am by කිත්සිරි ද සිල්වා

» සංචාරක පැමිණීම ක්‍රමයෙන් යහපත් වන ලකුණු
Sri Lanka rupee sharply down, stocks surge 1.9-pct EmptyFri Jul 05, 2019 6:11 pm by serene

» SAMP.N0000 (SAMPATH BANK PLC)
Sri Lanka rupee sharply down, stocks surge 1.9-pct EmptyThu Jul 04, 2019 8:55 am by serene

» Easter Sunday Attack and Sri Lanka
Sri Lanka rupee sharply down, stocks surge 1.9-pct EmptyThu Jul 04, 2019 8:46 am by කිත්සිරි ද සිල්වා

» අනං මනං! #/+?.<>
Sri Lanka rupee sharply down, stocks surge 1.9-pct EmptyWed Jul 03, 2019 10:07 pm by ruwan326

» First capital holdings
Sri Lanka rupee sharply down, stocks surge 1.9-pct EmptyWed Jul 03, 2019 1:37 pm by serene

» What to Analyse
Sri Lanka rupee sharply down, stocks surge 1.9-pct EmptyMon Jul 01, 2019 11:33 am by serene

» අනිසි ලෙස කොටස් මිල හැසිර වූ ආයෝජකයින් දෙදෙනෙකුට සුරැකුම්පත් කොමිසමෙන් නඩු
Sri Lanka rupee sharply down, stocks surge 1.9-pct EmptyFri Jun 28, 2019 2:11 pm by Ethical Trader

» අද වෙන්දේසියේ දී බිල්පත් පොළිය පහළට.
Sri Lanka rupee sharply down, stocks surge 1.9-pct EmptyFri Jun 28, 2019 7:46 am by serene

» AAIC.N0000
Sri Lanka rupee sharply down, stocks surge 1.9-pct EmptyFri Jun 28, 2019 7:33 am by serene

» SERV - The Kingsbury
Sri Lanka rupee sharply down, stocks surge 1.9-pct EmptyThu Jun 27, 2019 8:27 pm by ruwan326

» TPL.N0000 (TALAWAKALE PLANTATIONS )
Sri Lanka rupee sharply down, stocks surge 1.9-pct EmptyWed Jun 26, 2019 2:22 pm by nuwanmja

» Life After Google
Sri Lanka rupee sharply down, stocks surge 1.9-pct EmptyTue Jun 25, 2019 5:28 pm by කිත්සිරි ද සිල්වා

» S&P ශ්‍රී ලංකා 20 දර්ශකයේ වෙනසක්. CTC, NTB, රිචඩ් පීරිස් සහ ටෝක්යෝ සිමෙන්ති ඉවතට
Sri Lanka rupee sharply down, stocks surge 1.9-pct EmptyTue Jun 25, 2019 6:37 am by nihal123

» Future of Tea Industry
Sri Lanka rupee sharply down, stocks surge 1.9-pct EmptyMon Jun 24, 2019 6:54 pm by hammurabi

» Cricket !
Sri Lanka rupee sharply down, stocks surge 1.9-pct EmptyMon Jun 24, 2019 2:22 pm by කිත්සිරි ද සිල්වා

» DIPD.N0000 (Dipped Products)
Sri Lanka rupee sharply down, stocks surge 1.9-pct EmptyMon Jun 24, 2019 11:40 am by Ethical Trader

» DOCK.N0000 (COLOMBO DOCKYARD PLC)
Sri Lanka rupee sharply down, stocks surge 1.9-pct EmptySun Jun 23, 2019 9:14 pm by hammurabi

» මිල සූත්‍රය වැරදුණාද, වැරැද්දුවාද?
Sri Lanka rupee sharply down, stocks surge 1.9-pct EmptyFri Jun 21, 2019 5:25 pm by Ethical Trader

» Happy Father's Day !
Sri Lanka rupee sharply down, stocks surge 1.9-pct EmptyMon Jun 17, 2019 8:58 pm by spw19721

» DPL.N0000 (Dankotuwa Porcelain PLC)
Sri Lanka rupee sharply down, stocks surge 1.9-pct EmptySun Jun 16, 2019 7:12 am by NIRMALSG

» Re: Financial reports Q1-2019
Sri Lanka rupee sharply down, stocks surge 1.9-pct EmptyFri Jun 14, 2019 8:57 pm by dhanurrox

» SEYB.N0000 ( SEYLAN BANK PLC )
Sri Lanka rupee sharply down, stocks surge 1.9-pct EmptyThu Jun 13, 2019 8:11 pm by ruwan326

» NTB.N0000 (NATIONS TRUST BANK PLC)
Sri Lanka rupee sharply down, stocks surge 1.9-pct EmptyThu Jun 13, 2019 8:08 pm by ruwan326

» PABC.N0000 (Pan Asia Banking Corporation PLC)
Sri Lanka rupee sharply down, stocks surge 1.9-pct EmptyThu Jun 13, 2019 8:06 pm by ruwan326

» NDB.N0000 (NATIONAL DEVELOPMENT BANK PLC)
Sri Lanka rupee sharply down, stocks surge 1.9-pct EmptyThu Jun 13, 2019 7:58 pm by ruwan326

» HNB.N0000 ( Hatton National Bank PLC)
Sri Lanka rupee sharply down, stocks surge 1.9-pct EmptyThu Jun 13, 2019 7:57 pm by ruwan326

» HDFC.N0000 (HOUSING DEVELOPMENT FINANCE CORPORATION BANK OF SRI LANKA)
Sri Lanka rupee sharply down, stocks surge 1.9-pct EmptyThu Jun 13, 2019 7:48 pm by ruwan326

» DFCC.N0000 ( DFCC BANK PLC )
Sri Lanka rupee sharply down, stocks surge 1.9-pct EmptyThu Jun 13, 2019 7:45 pm by ruwan326

» COMB.N0000 ( COMMERCIAL BANK OF CEYLON PLC )
Sri Lanka rupee sharply down, stocks surge 1.9-pct EmptyThu Jun 13, 2019 7:43 pm by ruwan326

» Should CSE be like this? Whose FAULT is it?
Sri Lanka rupee sharply down, stocks surge 1.9-pct EmptyWed Jun 12, 2019 5:21 pm by Yin-Yang

» CCS.N0000 ( Ceylon Cold Stores)
Sri Lanka rupee sharply down, stocks surge 1.9-pct EmptyTue Jun 11, 2019 9:15 pm by ruwan326

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Sri Lanka rupee sharply down, stocks surge 1.9-pct

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Sri Lanka rupee sharply down, stocks surge 1.9-pct Empty Sri Lanka rupee sharply down, stocks surge 1.9-pct

Post by The Invisible on Mon Oct 29, 2018 9:43 pm

ECONOMYNEXT - The rupee closed weaker at around 173.80/174.00 rupees against the US dollar in the spot market Monday amidst a constitutional crisis and gilt yields ended sharply higher and stocks surged 1.92 percent, the highest gain in four years, market participants said.

The rupee traded at an all-time low of 174.30 rupees earlier in the day, market participants said.

The rupee had opened Monday at 174.00/50 rupees in two way quotes against the greenback, weakening from Friday's 173.05/20 rupees closing.

In early trade the rupee appeared to float, but it is not clear whether the rupee floated cleanly. A clean float would restore confidence quickly, and end further sterilization, taking away pressure on the currency.



Colombo's All Share index rose sharp 1.92 percent, up 112.22 points to 5,944.18, and the S&P SL20 of more liquid stocks gained 2.04 percent, up 61.26 points to 3,058.59.

Brokers said turnover was mostly driven by strategic investments in John Keells Holdings and Distilleries, while speculative retail play was also seen lifting the bourse.

Market turnover was 4.16 billion rupees, with 165 stocks making gains against 18 that declined.

John Keells Holdings contributed 2.97 billion rupees to the day's turnover. The stock was up 1.80 rupees to 141.90 rupees. There were six crossings in John Keells Holdings for 2.8 billion rupees with foreigners on the sell side.

Distilleries (up 1 rupees to 18 rupees), Commercial Bank (up 3.70 rupees to 114 rupees) and Hemas Holdings (up 6 rupees to 90 rupees) contributed to the benchmark index's sharp gain.

Access Engineering was up 2 rupees to 15.80 rupees and MTD Walkers ended 1.80 rupees higher at 9.80 rupees.

Net foreign selling was 3 billion rupees, up from 48.3 million rupees the previous day.

Foreign selling in John Keells Holdings was 2.8 billion rupees, followed by 167 million rupees in Hatton National Bank, according to Asia Securities.

Hatton National Bank closed 1.70 rupees higher at 210 rupees.

Off-market negotiated trades, or crossings, amounted to 3.5 billion rupees and was 84 percent of market turnover.

Apart from the six crossings at John Keells Holdings, there were six in Hatton National Bank for 416.6 million rupees and one in Softlogic Holdings for 303 million rupees.

Softlogic Holdings was up 80 cents to 20.40 rupees.

Gilt yields rose sharply in the secondary market as Moody's Investors Service, a rating agency said Sri Lanka's political crisis was credit negative.

A three-year bond maturing in 2021 ended higher at 11.20/30 percent, up from 10.85/95 percent the previous day.

A five-year bond maturing in 2023 closed at 11.40/60 percent, up from the previous close of 11.35/40 percent. (COLOMBO, 29 October 2019)
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Sri Lanka rupee sharply down, stocks surge 1.9-pct Empty Re: Sri Lanka rupee sharply down, stocks surge 1.9-pct

Post by serene on Tue Oct 30, 2018 8:05 am

Thanks Invi.
Better this JKH sell off ends quickly.

serene
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