The Investor Sentiment - Equity and investments forum for Sri Lankans
Search
 
 

Display results as :
 


Rechercher Advanced Search

Latest topics
» Coronavirus Updates
Sri Lanka rupee sharply down, stocks surge 1.9-pct EmptyToday at 10:49 am by nihal123

» MARKET HOLIDAY ON 30TH MARCH 2020
Sri Lanka rupee sharply down, stocks surge 1.9-pct EmptyYesterday at 10:09 pm by කිත්සිරි ද සිල්වා

» Thread for News on CSE and SL Economy
Sri Lanka rupee sharply down, stocks surge 1.9-pct EmptyYesterday at 9:20 pm by The Invisible

» Power of Social Media
Sri Lanka rupee sharply down, stocks surge 1.9-pct EmptyYesterday at 1:19 pm by කිත්සිරි ද සිල්වා

» මනුස්සකම
Sri Lanka rupee sharply down, stocks surge 1.9-pct EmptyYesterday at 10:10 am by LSE

» 450 Ivy League courses you can take online right now for free
Sri Lanka rupee sharply down, stocks surge 1.9-pct EmptySat Mar 28, 2020 2:32 am by pjrngroup

» Thread for News on International Markets
Sri Lanka rupee sharply down, stocks surge 1.9-pct EmptyFri Mar 27, 2020 4:12 pm by The Invisible

» අය කළ ණය වාරික නැවත ලබා දෙනවා – මහජන බැංකු සභාපති කියයි
Sri Lanka rupee sharply down, stocks surge 1.9-pct EmptyFri Mar 27, 2020 12:02 pm by nihal123

» මේ දුප්පත් රටට ඔබේ ජීවිතය බේරලා දෙන්න උදව් කරන්න.
Sri Lanka rupee sharply down, stocks surge 1.9-pct EmptyThu Mar 26, 2020 4:26 pm by malanp

» Coronavirus COVID-19 Live update
Sri Lanka rupee sharply down, stocks surge 1.9-pct EmptyWed Mar 25, 2020 7:59 pm by nihal123

» Anytime Data
Sri Lanka rupee sharply down, stocks surge 1.9-pct EmptyWed Mar 25, 2020 4:07 pm by pjrngroup

» Films - To Watch List
Sri Lanka rupee sharply down, stocks surge 1.9-pct EmptyWed Mar 25, 2020 12:05 pm by yellow knife

» US Embassy urges Americans in Sri Lanka to leave
Sri Lanka rupee sharply down, stocks surge 1.9-pct EmptyWed Mar 25, 2020 8:16 am by The Invisible

» Oil, Gold & Silver Prices
Sri Lanka rupee sharply down, stocks surge 1.9-pct EmptyTue Mar 24, 2020 9:59 pm by කිත්සිරි ද සිල්වා

» Why we need to practise social distancing
Sri Lanka rupee sharply down, stocks surge 1.9-pct EmptyTue Mar 24, 2020 8:44 pm by chutiputha

» මුළු දිවයිනටම ඇඳීරි නිතිය
Sri Lanka rupee sharply down, stocks surge 1.9-pct EmptyTue Mar 24, 2020 8:17 pm by chutiputha

» නමක් ගමක් දන්නෙ නෑ රත්තරන් මනුස්සයෙක්
Sri Lanka rupee sharply down, stocks surge 1.9-pct EmptyTue Mar 24, 2020 6:01 pm by nihal123

» Amazon today cancelled the subscription of books and audio stories
Sri Lanka rupee sharply down, stocks surge 1.9-pct EmptyTue Mar 24, 2020 5:33 pm by කිත්සිරි ද සිල්වා

» ජනපතිගෙන් ජනතාවට සහන
Sri Lanka rupee sharply down, stocks surge 1.9-pct EmptyMon Mar 23, 2020 8:59 pm by කිත්සිරි ද සිල්වා

» Sri Lanka asks telecos to give emergency credit to keep in touch in Coronavirus fight
Sri Lanka rupee sharply down, stocks surge 1.9-pct EmptyMon Mar 23, 2020 7:35 am by The Invisible

» කොටස් වෙළෙඳපොළ හෙට පැය 03කට විවෘත කෙරේ. හැකි නම් නිවසේ සිට වැඩ කරන්න
Sri Lanka rupee sharply down, stocks surge 1.9-pct EmptyMon Mar 23, 2020 7:18 am by The Invisible

» SAMP.N0000 (Sampath Bank PLC)
Sri Lanka rupee sharply down, stocks surge 1.9-pct EmptySun Mar 22, 2020 7:52 am by The Invisible

» INDUSTRIAL ASPHALTS (CEYLON) PLC (ASPH.N0000)
Sri Lanka rupee sharply down, stocks surge 1.9-pct EmptySat Mar 21, 2020 2:27 pm by serene

» Obituary Notice.
Sri Lanka rupee sharply down, stocks surge 1.9-pct EmptySat Mar 21, 2020 1:13 pm by කිත්සිරි ද සිල්වා

» Sri Lanka makes mini-budget till May 2020 under Presidential powers
Sri Lanka rupee sharply down, stocks surge 1.9-pct EmptySat Mar 21, 2020 9:49 am by The Invisible

» හෝමාගම රෝහලත් කොරෝනා රෝගීන් සඳහා වෙන් කරයි
Sri Lanka rupee sharply down, stocks surge 1.9-pct EmptySat Mar 21, 2020 9:43 am by nihal123

» People first, economy next, says top economist
Sri Lanka rupee sharply down, stocks surge 1.9-pct EmptyFri Mar 20, 2020 9:59 am by Backstage

» කොටස් වෙළෙඳපොළ ගනුදෙනු හෙට යළි ඇරඹෙයි
Sri Lanka rupee sharply down, stocks surge 1.9-pct EmptyFri Mar 20, 2020 8:34 am by malanp

» ඉන්දීය අගමැති මුළු රටටම ඇඳිරි නීතිය පනවයි
Sri Lanka rupee sharply down, stocks surge 1.9-pct EmptyFri Mar 20, 2020 8:05 am by The Invisible

» Happy Birthday
Sri Lanka rupee sharply down, stocks surge 1.9-pct EmptyFri Mar 20, 2020 4:21 am by nihal123

» Sri Lanka to fix fuel prices, build energy stability fund amid COVID-19 crude collapse
Sri Lanka rupee sharply down, stocks surge 1.9-pct EmptyThu Mar 19, 2020 2:36 pm by කිත්සිරි ද සිල්වා

» නිවසේ සිට වැඩ කරන සතියක් : රජය සහ පුද්ගලික අංශය දෙකටම
Sri Lanka rupee sharply down, stocks surge 1.9-pct EmptyThu Mar 19, 2020 2:31 pm by The Invisible

» Sri Lanka elections delayed over Coronavirus
Sri Lanka rupee sharply down, stocks surge 1.9-pct EmptyThu Mar 19, 2020 2:27 pm by The Invisible

» Sri Lanka’s market closed over Coronavirus on March 19
Sri Lanka rupee sharply down, stocks surge 1.9-pct EmptyThu Mar 19, 2020 9:31 am by The Invisible

» Sri Lanka stock market closed Tuesday in Coronavirus holiday
Sri Lanka rupee sharply down, stocks surge 1.9-pct EmptyThu Mar 19, 2020 9:23 am by The Invisible

» Sri Lanka President orders 6-month debt moratorium, 4-pct working capital
Sri Lanka rupee sharply down, stocks surge 1.9-pct EmptyWed Mar 18, 2020 3:17 pm by slstock

» පුත්තලම, හලාවත ඇතුළු ප්‍රදේශ කිහිපයකට පොලිස් ඇඳිරි නිතිය
Sri Lanka rupee sharply down, stocks surge 1.9-pct EmptyWed Mar 18, 2020 2:45 pm by The Invisible

» Sri Lanka RPCs to pay Rs.1,000 daily wage on higher productivity, trade unions yet to agree
Sri Lanka rupee sharply down, stocks surge 1.9-pct EmptyTue Mar 17, 2020 3:03 pm by The Invisible

» Sri Lanka Central Bank Governor asks markets to remain calm
Sri Lanka rupee sharply down, stocks surge 1.9-pct EmptyTue Mar 17, 2020 2:59 pm by The Invisible

» Dividend Announcements
Sri Lanka rupee sharply down, stocks surge 1.9-pct EmptyTue Mar 17, 2020 12:59 pm by yellow knife

» කන්දකාඩු නිරෝධායන මධ්‍යස්ථානයෙන් ඇසුණු කතාවක්
Sri Lanka rupee sharply down, stocks surge 1.9-pct EmptyMon Mar 16, 2020 3:22 pm by nihal123

» Cardinal Seeks UN Probe on China’s Coronavirus
Sri Lanka rupee sharply down, stocks surge 1.9-pct EmptyMon Mar 16, 2020 7:43 am by The Invisible

» සඳුදා රජයේ නිවාඩු දිනයක්
Sri Lanka rupee sharply down, stocks surge 1.9-pct EmptySun Mar 15, 2020 10:10 am by The Invisible

» Contagion (2011)
Sri Lanka rupee sharply down, stocks surge 1.9-pct EmptyFri Mar 13, 2020 10:22 am by Backstage

» රටවල් තුනක සිට ලංකාවට ඇතුල්වීම අද සිට තහනම් කරයි
Sri Lanka rupee sharply down, stocks surge 1.9-pct EmptyFri Mar 13, 2020 10:12 am by nihal123

» කොරෝනා වෛරසය ලොව ධනවත්ම පුද්ගලයාගේ වත්කම එක් රැයක දී ඩොලර් බිලියන 7කින් පහළ දමයි
Sri Lanka rupee sharply down, stocks surge 1.9-pct EmptyThu Mar 12, 2020 11:40 pm by nihal123

» දිවයිනේ සියලුම පාසැල් අප්‍රේල් 20 දක්වා වසා දැමේ
Sri Lanka rupee sharply down, stocks surge 1.9-pct EmptyThu Mar 12, 2020 8:05 pm by nihal123

» 2020 පෙබරවාරි මාසයේ දී සංචාරකයින්ගේ පැමිණීම 17.7%කින් පහළට. චීනුන් 92%කින් අඩුවෙලා
Sri Lanka rupee sharply down, stocks surge 1.9-pct EmptyThu Mar 12, 2020 11:03 am by කිත්සිරි ද සිල්වා

» Browns Investments update
Sri Lanka rupee sharply down, stocks surge 1.9-pct EmptyThu Mar 12, 2020 10:39 am by The Invisible

» Cartoon Today
Sri Lanka rupee sharply down, stocks surge 1.9-pct EmptyThu Mar 12, 2020 10:23 am by කිත්සිරි ද සිල්වා

March 2020
SunMonTueWedThuFriSat
1234567
891011121314
15161718192021
22232425262728
293031    

Calendar Calendar

Disclaimer


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

Sri Lanka rupee sharply down, stocks surge 1.9-pct

Go down

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)
The Invisible
The Invisible

Posts : 1658
Join date : 2016-11-28
Age : 40

Back to top Go down

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
Top contributor
Top contributor

Posts : 4783
Join date : 2014-02-26

Back to top Go down

Back to top


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