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The Investor Sentiment - Equity and investments forum for Sri Lankans

The Lankan Investor Forum - A more respectable and reasonable place for members to discuss matters regarding the CSEThe Lankan Investor Forum - A more respectable and reasonable place for members to discuss matters regarding the CSE

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Latest topics

» CCS.N0000 ( Ceylon Cold Stores)
Sri Lanka shares end at near 3-wk high; foreign investors continue exit EmptyWed Mar 20, 2024 11:31 am by Hawk Eye

» Sri Lanka plans to allow tourists from August, no mandatory quarantine
Sri Lanka shares end at near 3-wk high; foreign investors continue exit EmptyWed Sep 13, 2023 12:16 pm by lauryfriese

» When Will It Be Safe To Invest In The Stock Market Again?
Sri Lanka shares end at near 3-wk high; foreign investors continue exit EmptyWed Apr 19, 2023 6:41 am by කිත්සිරි ද සිල්වා

» Dividend Announcements
Sri Lanka shares end at near 3-wk high; foreign investors continue exit EmptyWed Apr 12, 2023 5:41 pm by කිත්සිරි ද සිල්වා

» MAINTENANCE NOTICE / නඩත්තු දැනුම්දීම
Sri Lanka shares end at near 3-wk high; foreign investors continue exit EmptyThu Apr 06, 2023 3:18 pm by කිත්සිරි ද සිල්වා

» ඩොලර් මිලියනයක මුදල් සම්මානයක් සහ “ෆීල්ඩ්ස් පදක්කම” පිළිගැනීම ප්‍රතික්ෂේප කළ ගණිතඥයා
Sri Lanka shares end at near 3-wk high; foreign investors continue exit EmptySun Apr 02, 2023 7:28 am by කිත්සිරි ද සිල්වා

» SEYB.N0000 (Seylan Bank PLC)
Sri Lanka shares end at near 3-wk high; foreign investors continue exit EmptyThu Mar 30, 2023 9:25 am by yellow knife

» Here's what blind prophet Baba Vanga predicted for 2016 and beyond: It's not good
Sri Lanka shares end at near 3-wk high; foreign investors continue exit EmptyThu Mar 30, 2023 9:25 am by HaeroMaero

» The Korean Way !
Sri Lanka shares end at near 3-wk high; foreign investors continue exit EmptyWed Mar 29, 2023 7:09 am by කිත්සිරි ද සිල්වා

» In the Meantime Within Our Shores!
Sri Lanka shares end at near 3-wk high; foreign investors continue exit EmptyMon Mar 27, 2023 5:51 pm by කිත්සිරි ද සිල්වා

» What is Known as Dementia?
Sri Lanka shares end at near 3-wk high; foreign investors continue exit EmptyFri Mar 24, 2023 10:09 am by කිත්සිරි ද සිල්වා

» SRI LANKA TELECOM PLC (SLTL.N0000)
Sri Lanka shares end at near 3-wk high; foreign investors continue exit EmptyMon Mar 20, 2023 5:18 pm by කිත්සිරි ද සිල්වා

» THE LANKA HOSPITALS CORPORATION PLC (LHCL.N0000)
Sri Lanka shares end at near 3-wk high; foreign investors continue exit EmptyMon Mar 20, 2023 5:10 pm by කිත්සිරි ද සිල්වා

» Equinox ( වසන්ත විෂුවය ) !
Sri Lanka shares end at near 3-wk high; foreign investors continue exit EmptyMon Mar 20, 2023 4:28 pm by කිත්සිරි ද සිල්වා

» COMB.N0000 (Commercial Bank of Ceylon PLC)
Sri Lanka shares end at near 3-wk high; foreign investors continue exit EmptySun Mar 19, 2023 4:11 pm by කිත්සිරි ද සිල්වා

» REXP.N0000 (Richard Pieris Exports PLC)
Sri Lanka shares end at near 3-wk high; foreign investors continue exit EmptySun Mar 19, 2023 4:02 pm by කිත්සිරි ද සිල්වා

» RICH.N0000 (Richard Pieris and Company PLC)
Sri Lanka shares end at near 3-wk high; foreign investors continue exit EmptySun Mar 19, 2023 3:53 pm by කිත්සිරි ද සිල්වා

» Do You Have Computer Vision Syndrome?
Sri Lanka shares end at near 3-wk high; foreign investors continue exit EmptySat Mar 18, 2023 7:36 am by කිත්සිරි ද සිල්වා

» LAXAPANA BATTERIES PLC (LITE.N0000)
Sri Lanka shares end at near 3-wk high; foreign investors continue exit EmptyThu Mar 16, 2023 11:23 am by කිත්සිරි ද සිල්වා

» What a Bank Run ?
Sri Lanka shares end at near 3-wk high; foreign investors continue exit EmptyWed Mar 15, 2023 5:33 pm by කිත්සිරි ද සිල්වා

» 104 Technical trading experiments by HUNTER
Sri Lanka shares end at near 3-wk high; foreign investors continue exit EmptyWed Mar 15, 2023 4:27 pm by katesmith1304

» GLAS.N0000 (Piramal Glass Ceylon PLC)
Sri Lanka shares end at near 3-wk high; foreign investors continue exit EmptyWed Mar 15, 2023 7:45 am by කිත්සිරි ද සිල්වා

» Cboe Volatility Index
Sri Lanka shares end at near 3-wk high; foreign investors continue exit EmptyTue Mar 14, 2023 5:32 pm by කිත්සිරි ද සිල්වා

» AHPL.N0000
Sri Lanka shares end at near 3-wk high; foreign investors continue exit EmptySun Mar 12, 2023 4:46 pm by කිත්සිරි ද සිල්වා

» TJL.N0000 (Tee Jey Lanka PLC.)
Sri Lanka shares end at near 3-wk high; foreign investors continue exit EmptySun Mar 12, 2023 4:43 pm by කිත්සිරි ද සිල්වා

» CTBL.N0000 ( CEYLON TEA BROKERS PLC)
Sri Lanka shares end at near 3-wk high; foreign investors continue exit EmptySun Mar 12, 2023 4:41 pm by කිත්සිරි ද සිල්වා

» COMMERCIAL DEVELOPMENT COMPANY PLC (COMD. N.0000))
Sri Lanka shares end at near 3-wk high; foreign investors continue exit EmptyFri Mar 10, 2023 4:43 pm by yellow knife

» Bitcoin and Cryptocurrency
Sri Lanka shares end at near 3-wk high; foreign investors continue exit EmptyFri Mar 10, 2023 1:47 pm by කිත්සිරි ද සිල්වා

» CSD.N0000 (Seylan Developments PLC)
Sri Lanka shares end at near 3-wk high; foreign investors continue exit EmptyFri Mar 10, 2023 10:38 am by yellow knife

» PLC.N0000 (People's Leasing and Finance PLC)
Sri Lanka shares end at near 3-wk high; foreign investors continue exit EmptyThu Mar 09, 2023 8:02 am by කිත්සිරි ද සිල්වා

» Bakery Products ?
Sri Lanka shares end at near 3-wk high; foreign investors continue exit EmptyWed Mar 08, 2023 5:30 pm by කිත්සිරි ද සිල්වා

» NTB.N0000 (Nations Trust Bank PLC)
Sri Lanka shares end at near 3-wk high; foreign investors continue exit EmptySun Mar 05, 2023 7:24 am by කිත්සිරි ද සිල්වා

» Going South
Sri Lanka shares end at near 3-wk high; foreign investors continue exit EmptySat Mar 04, 2023 10:47 am by කිත්සිරි ද සිල්වා

» When Seagulls Follow the Trawler
Sri Lanka shares end at near 3-wk high; foreign investors continue exit EmptyThu Mar 02, 2023 10:22 am by කිත්සිරි ද සිල්වා

» Re-activating
Sri Lanka shares end at near 3-wk high; foreign investors continue exit EmptySat Feb 25, 2023 5:12 pm by කිත්සිරි ද සිල්වා

» අපි තමයි හොඳටම කරේ !
Sri Lanka shares end at near 3-wk high; foreign investors continue exit EmptyTue Feb 14, 2023 3:54 pm by ruwan326

» මේ අර් බුධය කිසිසේත්ම මා විසින් නිර්මාණය කල එකක් නොවේ
Sri Lanka shares end at near 3-wk high; foreign investors continue exit EmptyTue Jan 03, 2023 6:43 pm by ruwan326

» SAMP.N0000 (Sampath Bank PLC)
Sri Lanka shares end at near 3-wk high; foreign investors continue exit EmptyWed Nov 30, 2022 8:24 am by කිත්සිරි ද සිල්වා

» APLA.N0000 (ACL Plastics PLC)
Sri Lanka shares end at near 3-wk high; foreign investors continue exit EmptyFri Nov 18, 2022 7:49 am by කිත්සිරි ද සිල්වා

» AVOID FALLING INTO ALLURING WEEKEND FAMILY PACKAGES.
Sri Lanka shares end at near 3-wk high; foreign investors continue exit EmptyWed Nov 16, 2022 9:28 pm by කිත්සිරි ද සිල්වා

» Banks, Finance & Insurance Sector Chart
Sri Lanka shares end at near 3-wk high; foreign investors continue exit EmptyTue Nov 15, 2022 5:26 pm by කිත්සිරි ද සිල්වා

» VPEL.N0000 (Vallibel Power Erathna PLC)
Sri Lanka shares end at near 3-wk high; foreign investors continue exit EmptySun Nov 13, 2022 12:15 pm by කිත්සිරි ද සිල්වා

» DEADLY COCKTAIL OF ISLAND MENTALITY AND PARANOID PERSONALITY DISORDER MIX.
Sri Lanka shares end at near 3-wk high; foreign investors continue exit EmptyMon Nov 07, 2022 6:36 pm by කිත්සිරි ද සිල්වා

» WATA - Watawala
Sri Lanka shares end at near 3-wk high; foreign investors continue exit EmptySat Nov 05, 2022 8:44 am by කිත්සිරි ද සිල්වා

» KFP.N0000(Keels Food Products PLC)
Sri Lanka shares end at near 3-wk high; foreign investors continue exit EmptySat Nov 05, 2022 8:42 am by කිත්සිරි ද සිල්වා

» Capital Trust Broker in difficulty?
Sri Lanka shares end at near 3-wk high; foreign investors continue exit EmptyFri Oct 21, 2022 5:25 pm by කිත්සිරි ද සිල්වා

» IS PIRATING INTELLECTUAL PROPERTY A BOON OR BANE?
Sri Lanka shares end at near 3-wk high; foreign investors continue exit EmptyThu Oct 20, 2022 10:13 am by කිත්සිරි ද සිල්වා

» What Industry Would You Choose to Focus?
Sri Lanka shares end at near 3-wk high; foreign investors continue exit EmptyTue Oct 11, 2022 6:39 pm by කිත්සිරි ද සිල්වා

» Should I Stick Around, or Should I Follow Others' Lead?
Sri Lanka shares end at near 3-wk high; foreign investors continue exit EmptyTue Oct 11, 2022 9:07 am by කිත්සිරි ද සිල්වා

» DV-2024 Program: Online Registration
Sri Lanka shares end at near 3-wk high; foreign investors continue exit EmptyThu Oct 06, 2022 11:26 am by කිත්සිරි ද සිල්වා

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    Sri Lanka shares end at near 3-wk high; foreign investors continue exit

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    Rana
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    Posts : 1786
    Join date : 2015-12-16

    Sri Lanka shares end at near 3-wk high; foreign investors continue exit Empty Sri Lanka shares end at near 3-wk high; foreign investors continue exit

    Post by Rana Tue Mar 22, 2016 1:09 am

    COLOMBO, March 21 (Reuters) - Sri Lankan shares closed at a near three-week high on Monday in dull trade as cautious investors selectively bought risk assets, while foreign investors exited amid a rise in yields of government securities.

    Uncertainty over a capital gains tax and economic growth, and a higher budget deficit also hurt market sentiment, analysts said.

    Foreign investors sold 137.5 million rupees ($946,644) worth of shares on Monday, extending the net foreign outflow so far this year to 1.79 billion rupees worth of shares.

    The benchmark share index ended 0.51 percent, or 30.78 points higher, at 6,088.57, its highest close since March 1.

    "Nothing much is happening. Overall, everything is very dull with holidays in-between, and investors are worried over the uncertainties," said Dimantha Mathew, head of research, First Capital Equities (Pvt) Ltd.

    Markets will be closed on Tuesday and Friday for local holidays.

    Investors preferred fixed interest-rate bearing assets over shares due to a rise in yields on treasury bills, which are hovering at more than two-year highs, and on the central bank's unexpected interest rate hike in mid-February, dealers said.

    Yields on t-bills jumped by 62-90 basis points at a weekly auction on Monday to 29-month highs.

    Sri Lanka will raise its value-added tax and reintroduce capital gains tax to break out of a debt trap, ahead of talks on a $1.5-billion loan it is seeking from the International Monetary Fund.

    Sri Lanka's economy is expected to grow 5.3 percent in 2016, data from the state statistics office showed, but analysts say tight monetary and fiscal policies may curb growth.

    The $82.2-billion economy expanded at a sluggish 2.5 percent in the December quarter, down from an upwardly revised 5.6 percent in the previous quarter.

    Analysts and economists worry slower growth could reduce corporate earnings of some listed firms.

    Turnover stood at 466.5 million rupees, well below this year's daily average of 787.8 million rupees.

    Shares in Carson Cumberbatch Plc jumped 15.57 percent while Commercial Bank of Ceylon Plc rose 1.33 percent. Distilleries Company of Sri Lanka Plc climbed 2.57 percent.

      Current date/time is Wed Jun 19, 2024 10:27 pm