The ASPI dropped by 0.67% to close the day on 7,418 points while the MPI too followed up and declined by 0.18% to end the day at 6,853 points.
The market witnessed speculative buying interest in certain counters while Finance sector counters attracted specific interest.
Price losers outnumbered the gainers 78 to 158.
Foreign investors emerged as net [...]
May 31, 2011 7:24 PM | Posted in
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Sri Lanka’s Inflation during the month of May has risen by 8.8%, but has seen a slowdown compared to 9.8% recorded during April.
However this is a high figure compared to 5.3% recorded during May 2010.
The annual average inflation too has moved up to 6.9% in May compared to 6.6% remained during the month of April.
Central [...]
May 31, 2011 5:30 PM | Posted in
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Acclaimed film director, screen writer and film producer Lester James Peries says, lack of a “National Cinema Archive” is a major problem the local Cinema industry is facing today.
Peries who has produced over two dozens of films said, due to unavailability of proper archival facilities in the country, the “master negative” of his award winning [...]
May 31, 2011 3:22 PM | Posted in
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Sri Lanka on Sunday witnessed some of the top singing talents of the country’s security forces competing to become the first ever reality star chosen out of the three armed forces.
The event titled “Ranaviru Real Star” was the first of its kind to be held in the country providing an opportunity to a large number [...]
May 31, 2011 11:46 AM | Posted in
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Except for few, majority of the registered finance firms will list their firms on the Colombo Stock Exchange before the June 30th deadline, A Central Bank official said.
He said few finance companies who underwent financial crisis and still recovering, will not meet the deadline set by the Bank.
Meanwhile, a statement from the Central Bank announced [...]
May 31, 2011 9:55 AM | Posted in
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Sri Lanka a short while (Monday) ago lost the first test played against England by an innings and 14 runs.
When both teams entered the ground today which was the fifth and final day of the first test match, the contest was well poised for a draw as England was still batting their first innings.
However when [...]
May 30, 2011 10:51 PM | Posted in
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Sri Lanka, for the first time in its trade history has seen its monthly export earnings surpassing the US$ 1 billion mark during March this year, thus recording an earning of US$ 1.05 billion.
This also marks a 59.5% growth in export earnings year on year reflecting an increase in all major categories of exports.
Agricultural exports [...]
May 30, 2011 8:06 PM | Posted in
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Mercantile Investments Limited a registered finance firm will start trading its shares on the CSE from the 2nd of June.
The Company, which is listing the firm in the Colombo bourse as a way of an introduction will list just over 3 million shares on the Diri Savi Board.
The shares would be classified under the Banks, [...]
May 30, 2011 5:51 PM | Posted in
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Central Bank today declared opened the restored Lloyd’s building which the Bank will use to carry out some of its business activities.
The Lloyd’s which is a five storied building has been acquired by the Central Bank during the year 2009 in a bid to find growing space requirements of the Bank.
CBSL [...]
May 30, 2011 4:23 PM | Posted in
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Hatton National Bank which is planning to raise Rs. 14 billion via a rights issue will commence trading the rights from July 4th.
HNB is planning to offer 71.5 million ordinary shares, with a proportion of one ordinary share for every 5 shares held by its existing shareholders, through this rights issue.
The Bank will put 57.48 [...]
May 30, 2011 2:28 PM | Posted in
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