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
Trading Journal Tue Sep 15, 2020 10:37 pmThe Invisible
AEL Access EngineeringTue Sep 15, 2020 7:24 pmsmallville
CFVF - First CapitalWed Sep 09, 2020 9:42 pmWonderer
DIPD.N0000 (Dipped Products PLC)Mon Sep 07, 2020 8:47 amBeta
Plantation Sector UpdatesMon Aug 24, 2020 10:00 amserene
අනං මනං! #/+?.<>Tue Aug 18, 2020 11:15 pmYin-Yang
Dividend AnnouncementsMon Aug 17, 2020 1:27 pmRana
Ceylon Tobacco CTCSun Aug 16, 2020 5:11 pmThe Invisible
Sunshine HoldingsFri Aug 14, 2020 9:39 pmThe Invisible
HAYC - HaycarbFri Aug 14, 2020 10:15 amBeta
Tokyo CementThu Aug 13, 2020 11:45 pmThe Invisible
LOLC HoldingsWed Aug 12, 2020 3:52 pmThe Invisible
SLTL.NWed Aug 12, 2020 11:06 amThe Invisible
Gota's EraTue Aug 04, 2020 8:49 amyellow knife
SEYB.N0000 (Seylan Bank PLC)Fri Jul 31, 2020 8:37 amNIRMALSG
JKH.N0000Thu Jul 30, 2020 10:48 amThe Invisible

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 : 2644
Join date : 2016-11-28
Age : 41

Sri Lanka rupee weakens; stocks rally slows Empty Sri Lanka rupee weakens; stocks rally slows

on Wed Oct 31, 2018 9:34 am
Message reputation : 100% (1 vote)
ECONOMYNEXT - The Sri Lanka rupee weakened sharply to end Tuesday at around 174.50/80 rupees against the US dollar in the spot market while the equities rally of the last two slowed though stocks closed 0.34 percent higher, market participants said.

The currency traded at an intraday low of 174.75 rupees against the greenback, market participants said, as the country is locked in political crisis.

The rupee closed Monday at around 173.80/174.00 rupees against the greenback.

Sri Lanka stocks ended 0.34 percent higher on Tuesday, but weakened from intra-day highs at close.

Colombo's All Share index closed 20.14 points higher at 5,964.32, slipping from an intraday high of 6,000.19 earlier in the day.

The benchmark index had gained 1.1 percent on Friday and surged 1.9 percent Monday – the highest gain in four years – and rose 0.94 percent in early trading Tuesday before losing momentum.

The S&P SL20 of more liquid stocks ended at 3,083.20 points, up a sharp 0.80 percent, or 24.61 points.

Market turnover was 981.4 million rupees, with 95 stocks gaining while 67 declined.

John Keells Holdings made the largest contribution to the benchmark index gain. The stock ended 6 rupees higher at 147.90 rupees.

Construction stocks were the most traded stocks.

Access Engineering saw over 2 million shares change hands and closed unchanged at 15.80 rupees, while a little more than 6.5 million Tokyo Cement shares were traded. The stock gained 40 cents to 25.10 rupees.

Net foreign selling was 155.3 million rupees, down from 3.06 billion the previous day.

Foreign selling in Tokyo Cement was 149 million rupees, according to Asia Securities.

Crossings, or off-market negotiated trades, amounted to 210.4 million rupees, accounting for 21.4 percent of the day's turnover.

There were two crossings in Tokyo Cement for 64.6 million rupees, two in John Keells Holdings for 50.2 million rupees and one each in Commercial Bank for 50.2 million and Hatton National Bank for 45.4 million rupees.

Commercial Bank closed unchanged at 114 rupees and Hatton National Bank gained 1.40 rupees to 211.40 rupees.

Gilt yields edged lower in the secondary market.

A three-year bond maturing in 2021 closed at 10.90/11.20 percent in two-way quotes, down from Monday's closing of 11.20/30 rupees.

A five-year bond maturing in 2023 ended at 11.32/40 percent, from the previous day's 11.40/60 percent closing. (COLOMBO, 30 October 2018)
Brave Heart
Posts : 171
Join date : 2018-10-17

Sri Lanka rupee weakens; stocks rally slows Empty Re: Sri Lanka rupee weakens; stocks rally slows

on Thu Nov 01, 2018 8:13 am
Sri Lanka rupee fall has been intensified with the current political turmoil. Rupee has fallen by 5 during the month of October out of which rupees 2 fell during the last 3 days after President created the power struggle to hold on to the power in the weekend.
Back to top
Permissions in this forum:
You cannot reply to topics in this forum