Weekly Market Focus »
The market activity in the Colombo Stock Exchange witnessed mixed results as the week which began on a positive note endured a temporally blip but recovered and ended marginally up as investors looked to exploit on capital gains. The benchmark All Share Price Index (ASPI) was up 16.31 points week on week to close at [...]
Political uncertainty drives Sri Lanka shares down »
2010-02-12
Sri Lankan shares fell for a third straight session on Thursday on political uncertainty amid clashes erupted in the capital following the arrest of losing opposition presidential candidate.
The All-Share Price Index of the Colombo Stock Exchange closed 49.50 points or 1.31 percent to 3,724.84 after hitting a record 3,806.78 in the previous session.
Thousands [...]
Fiscal imbalance risk to economy »
By Devan Daniel
The IMF says Sri Lanka’s monetary outlook is sound but the country faces medium term risks driven by the fiscal position and the country faces medium term risks on this front and fiscal imbalances could make it difficult for the Central Bank to maintain price stability.
“Sri Lanka has come out from a short [...]
Rupee depreciates against the dollar »
Comparison of December data 2007 to 2008
By Devan Daniel
* Exchange rate with other currencies determined by global rates against dollar
The rupee has weakened against the dollar, the generally accepted base currency of Sri Lanka, shows a comparison of year-end average rupee/dollar exchange rates presented by the Central Bank for the period 2007-2009. Currently the dollar [...]
Govt expects economy to grow by 7.2% in FY10 »
Shweta Rajpal Kohli and Haris Usman
Monday, February 08, 2010 (New Delhi)
The wheels of the economy seem to be moving in the right direction as the govenrment on Monday estimated the GDP to grow by 7.2 per cent for this financial year 2009-10.
Given the economy on the growth track, top govt officials argue that it [...]
Budget deficit 17.6% of GDP up to Sept 09 »
Year-end revenue inflows expected to bring it down
By Devan Daniel
Available data shows the budget deficit for the first nine months of 2009 at 17.6 percent of GDP but with revenues generally coming in during the last few months of the year there is a possibility that the budget deficit could near the IMF target of [...]
Inflation up in December »
By Devan Daniel
Inflation for December increased to 4.8 percent from 2.8 in November while the annual average rate of inflation settled at 3.4 percent, the lowest on record, according to available data since 2007 released by the Central Bank.
The point-to-point change in Inflation peaked at 28.2 percent in June 2008, but gradually declined before reaching [...]
Gold sets new price record »
Gold has been breaking records over recent days and weeks amidst global financial fears [AP]
The price of gold has struck a record high level in trading in British capital, London.
Gold hit $1,215.85 on the London Bullion Market on Wednesday just after breaking through the $1,200 barrier for the first time on the previous day.
Gold [...]
Shares up from two week low »
COLOMBO (Reuters): Sri Lankan shares rose on Friday from an over two-week low, snapping a seventh straight fall as cautious investors bought battered shares in thin trade even as political uncertainty weighed on investor confidence.
The All-Share Price Index of the Colombo Stock Exchange rose 1.01 percent or 28.73 points to 2878.96, from its lowest since [...]
Market volatile as caution prevails »
Stocks at the Colombo Stock Exchange (CSE) had an eventful and volatile week due to events that took place in New York and Brussels. On the evening of October 16 (Friday), while the markets were closed in Colombo, Raj Rajaratnam and five others were arrested on charges of insider trading and other related activities. The [...]
