Category: Markets
SEC grants extension to Listed Companies to release financial statements
The Securities and Exchange Commission of Sri Lanka (SEC), having considered the contents of the letter dated 28th May 2021 of the Colombo Stock Exchange (CSE) focusing on the inability of Listed Companies to release the Annual Reports and the Financial Statements in terms of the Listing Rules of the CSE under the prevailing situation […]
First Capital records highest ever PAT of Rs. 2.09 Bn
First Capital Holdings PLC recorded a Consolidated Profit after Tax of LKR 2.09Bn for the financial year 2020/21. The results show a significant growth compared to Consolidated Profit after Tax of LKR 1.07Bn recorded in the previous year. The Total Comprehensive Income recorded for year 2020/21 is LKR 2.01Bn compared to LKR 1.04Bn reported in […]
Sri Lanka’s gross official reserves estimated at USD 4.5bn at end April 2021
Sri Lanka’s official reserves were 4.5 billion US dollars (USD 4,476.5mn) by the end of April, up from 4.1 billion US dollars in March, the latest Central Bank data showed. By the end of April, the foreign currency reserves were 4,022.9 million dollars while the reserve position in the IMF was 68.7 million dollars. Special […]
Prime Lands Residencies announces virtual investor forum for upcoming IPO
Prime Lands Residencies, the condominium property arm of Prime Group, announces the first ever Virtual Investor Forum for its upcoming Initial Public Offering (IPO). Extending its invitation to investors and market participants, the Prime Lands Residences Virtual Investor Forum will be held via Zoom on the 28 th of April 2021, 4.00pm onwards. The Initial […]
‘s Central Bank simplifies foreign exchange regulations
Sri Lanka’s Central Bank has revised regulations issued under the Foreign Exchange Act, No. 12 of 2017 (FEA) for further simplification and clarity improvement. The move expects to achieve greater efficiency in the conduct of cross-border foreign exchange transactions alongside further facilitating economic activities of the stakeholders through greater convenience of doing business. The revised […]
‘s headline inflation increased to 5.1-pct in March
Headline inflation as measured by the year-on-year (Y-o-Y) change in the National Consumer Price Index has been increased to 5.1 percent in March 2021 from 4.2 percent in February 2021 due to the statistical effect of the low base prevailed in March 2020. Food inflation (Y-o-Y) increased to 8.8 percent in March 2021 from 6.9 […]
First Capital Money Market Fund – fastest to reach LKR 20bn in assets under management
The First Capital Money Market Fund has been the fastest fund in its category (Open-Ended Money Market Fund) to surpassed LKR 20 billion in Assets Under Management. The fund is managed by First Capital Asset Management Limited the wealth management arm and subsidiary of First Capital Holdings PLC (the Group). The Fund is the best […]
Sri Lanka rupee strengthened against the US dollar
The Sri Lanka rupee further strengthened against the US dollar yesterday, on positive outlook for inflows. The selling rate was quoted at 191.97 rupees for a US dollar, as against 201.28 rupees on Friday and a peak of 204.62 rupees last week. The indicative dollar spot exchange rate was 194.44 rupees yesterday as against 199.93 rupees […]
Market capitalization of Colombo Stock Exchange increases by MoM 6.4-pct
Forex Market The USD/LKR TT buying and selling exchange rates on 12th April 2021 were marked at LKR 199.15 and LKR 203.73 respectively. The indicative USD spot exchange rate that depicts the average rate of all USD/LKR spot transactions that were executed throughout the previous business day in the local inter-bank foreign exchange market was […]
Rupee dips further; domestic players dominate equity market
Forex Market The USD/LKR TT buying and selling exchange rates on 8th April 2021 were marked at LKR.199.21 and LKR.203.5 respectively. The indicative USD spot exchange rate which depicts the average rate of all USD/LKR spot transactions that were executed throughout the previous business day in the local inter-bank foreign exchange market was recorded at […]
Material Sector – The Scavengers of Recovery
Softlogic Research, in its most recent publication, took a very strong stance on the Material sector, predicting a strong growth backed by economic recovery and the renewable energy drive. Digging deeper into the trickle-down effects of core economic policies such as protectionism and economic stimulus, the publication deals with the potential benefits of such policies […]
CSE approves the first Empower Board listing
The Colombo Stock Exchange (CSE) has approved, an application submitted by Chrissworld Limited, for the listing of its Ordinary Voting Shares by way of an offer for subscription on the Empower Board of the CSE. The company will be Offering for Subscription of Seven Million Five Hundred Thousand (7,500,000) Ordinary Voting Shares at LKR 7.50 […]