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The head of the Taprobane Securities Dinal Wijemanna says Sri Lanka will continue to attract local and international investors to its stock market and added Tourism, Banking, Land and property sectors as to the ones which has high medium term potential.
Wijemanna in an interview with www.news360.lk also said the CSE will see more IPO’s during this year.
Following [...]
Colombo Stock Exchange today saw a “recovery” following the downward trend it experienced during the last 3 trading days.
The All Share Price Index gained 230.08 points or 4.73% while the Milanka gained 257.69 points.
The turnover for the day was Rs. 3.67 billion.
During the day 2.9 million of Commercial Bank shares were traded which brought in [...]
Sri Lanka is heading towards paying a heavy oil import bill during this year compared to what the country paid in year 2009.
Central Bank figures show that, the average price of a barrel of Brent crude oil during the first 7 months of 2010 has risen to US$ 77.22 compared US$ 53.46 recorded in the [...]
Sri Lanka will see the entry of an international luxury hotel operator to build a luxury resort in the southern coast of the country.
Accordingly Minor International PLC of Thailand together with Hemas Holdings PLC who recently acquired the Kani Lanka Resort and Spa in Kalutara will develop the property as a luxury resort.
The total acquisition [...]
The Colombo Stock Market saw its downward trend continuing today as well with both indices losing over 200 points.
The All Share lost 202.21 or 3.99% percent while the Milanka Price Index lost 210.30 points or 3.65%.
The turnover for the day was Rs. 1.2 billion.
Foreign purchases during the day marked a sum of Rs. 61 million [...]
Stock Analysts says the Colombo Stock Exchange which is undergoing a “market correction” following several regulatory actions by the Securities & Exchange Commission will come back to normal very soon.
The All Share Price Index of the Colombo Stock Exchange has declined by 202.89 points or 4.01% as of 10.37 AM today, according to the www.cse.lk
Sanjitha [...]
A state run hospital in Sri Lanka is attracting overseas couples who is seeking help from its medical professionals to have a baby through In Vitro Fertilisation.
The hospital says couples who is experiencing difficulties in having children is seeking its help to achieve pregnancy through a guided medical program.
The state run Lanka Hospitals says couples from the [...]
The Colombo Stock Exchange saw its downward trend continuing today as well with both indices losing ground.
The All Share Price Index lost by 1.86% which stock analysts say is a massive drop.
The Milanka Price Index also declined by 1.63%.
However the turnover was higher than yesterday’s Rs. 1.9 billion and reached Rs. 2.5 billion.
4 major crossings [...]
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