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» Thread for News on CSE and SL Economy
Sri Lanka rupee sharply down, stocks surge 1.9-pct EmptyToday at 2:20 pm by nuwanmja

» Gota's Era
Sri Lanka rupee sharply down, stocks surge 1.9-pct EmptyToday at 11:54 am by yellow knife

» Dividend Announcements
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» LIOC.N0000 (Lanka IOC PLC)
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» බැඳුම්කර වංචාවේ වෝහාරික විගණන වාර්තාව පාර්ලිමේන්තුවට
Sri Lanka rupee sharply down, stocks surge 1.9-pct EmptyFri Jan 24, 2020 7:05 am by nihal123

» අසාදුගත ව්‍යාපාරිකයින්ට රජයෙන් දුන් සහනය මෙන්න
Sri Lanka rupee sharply down, stocks surge 1.9-pct EmptyFri Jan 24, 2020 6:37 am by nihal123

» SAMP.N0000 (Sampath Bank PLC)
Sri Lanka rupee sharply down, stocks surge 1.9-pct EmptyThu Jan 23, 2020 5:55 pm by NIRMALSG

» සුරැකුම්පත් කොමිසමට නව සභාපතිවරයෙක්
Sri Lanka rupee sharply down, stocks surge 1.9-pct EmptyWed Jan 22, 2020 10:20 am by lanka

» In the Meantime, Within Our Shores !
Sri Lanka rupee sharply down, stocks surge 1.9-pct EmptyTue Jan 21, 2020 10:17 am by කිත්සිරි ද සිල්වා

» කොටස් තැරැව්කරුවෝ අගමැති මහින්ද හමුවෙති
Sri Lanka rupee sharply down, stocks surge 1.9-pct EmptyMon Jan 20, 2020 9:29 pm by nihal123

» Obituary Notice.
Sri Lanka rupee sharply down, stocks surge 1.9-pct EmptyTue Jan 14, 2020 4:14 pm by ipo

» LOLC Holdings
Sri Lanka rupee sharply down, stocks surge 1.9-pct EmptyMon Jan 13, 2020 6:04 pm by smallville

» SEYB.N0000 (Seylan Bank PLC)
Sri Lanka rupee sharply down, stocks surge 1.9-pct EmptySun Jan 12, 2020 10:06 pm by subash

» Happy Birthday
Sri Lanka rupee sharply down, stocks surge 1.9-pct EmptySun Jan 12, 2020 9:16 pm by lanka

» ශ්‍රී ලංකා කොටස් වෙළෙඳපොළ ඉතිහාසයේ දෙවැනි විශාලතම කොටස් ගනුදෙනුව අද
Sri Lanka rupee sharply down, stocks surge 1.9-pct EmptyThu Jan 09, 2020 9:59 pm by nihal123

» Hayleys MGT
Sri Lanka rupee sharply down, stocks surge 1.9-pct EmptyThu Jan 09, 2020 5:40 pm by subash

» Browns Investments update
Sri Lanka rupee sharply down, stocks surge 1.9-pct EmptyThu Jan 09, 2020 10:42 am by The Invisible

» Tokyo Cement
Sri Lanka rupee sharply down, stocks surge 1.9-pct EmptyWed Jan 08, 2020 10:48 pm by The Invisible

» Lanka Tiles
Sri Lanka rupee sharply down, stocks surge 1.9-pct EmptyWed Jan 08, 2020 10:44 pm by The Invisible

» RCL - Royal Ceramics
Sri Lanka rupee sharply down, stocks surge 1.9-pct EmptyWed Jan 08, 2020 10:39 pm by The Invisible

» AEL Access Engineering
Sri Lanka rupee sharply down, stocks surge 1.9-pct EmptyWed Jan 08, 2020 10:30 pm by The Invisible

» Sri Lanka central bank to develop a cost-based rate to price loans
Sri Lanka rupee sharply down, stocks surge 1.9-pct EmptyWed Jan 08, 2020 10:21 pm by The Invisible

» Dialog Finance
Sri Lanka rupee sharply down, stocks surge 1.9-pct EmptyWed Jan 08, 2020 10:19 pm by The Invisible

» Tourism Sector
Sri Lanka rupee sharply down, stocks surge 1.9-pct EmptyTue Jan 07, 2020 2:05 pm by nihal123

» Expolanka
Sri Lanka rupee sharply down, stocks surge 1.9-pct EmptyTue Jan 07, 2020 1:18 am by Afourer

» Cartoon Today
Sri Lanka rupee sharply down, stocks surge 1.9-pct EmptyMon Jan 06, 2020 2:41 pm by කිත්සිරි ද සිල්වා

» කොළඹ කොටස් හුවමාරුවෙහි නවතම ජංගම දුරකථන යෙදුම
Sri Lanka rupee sharply down, stocks surge 1.9-pct EmptySat Jan 04, 2020 7:36 pm by spw19721

» ඉරානයට කළ ප්‍රහාරයෙන් පසු යුරෝපයේ කොටස් වෙළඳපොළ රැසක් පහළ වැටෙයි
Sri Lanka rupee sharply down, stocks surge 1.9-pct EmptySat Jan 04, 2020 1:30 pm by nihal123

» VAT අදාළ නැති කට්ටිය මෙන්න. 50,000 ක ලැයිස්තුවක්
Sri Lanka rupee sharply down, stocks surge 1.9-pct EmptyFri Jan 03, 2020 11:55 am by nihal123

» How to get Access to: 104 Technical trading experiments by HUNTER
Sri Lanka rupee sharply down, stocks surge 1.9-pct EmptyThu Jan 02, 2020 9:20 am by Admin

» ලංකාවේ ලොකුම සමාගම මෙන්න. දුම්කොළ සමාගම අභිබවමින් ජෝන් කීල්ස් යළිත් පෙරමුණට
Sri Lanka rupee sharply down, stocks surge 1.9-pct EmptyWed Jan 01, 2020 7:48 pm by Rana

» Sri Lanka’s LOLC Prepares to Sell Its Biggest Overseas Unit
Sri Lanka rupee sharply down, stocks surge 1.9-pct EmptyWed Jan 01, 2020 4:43 pm by nuwanmja

» Sri Lanka’s Cargills, Sampath, DFCC Bank says met lending rate ceilings
Sri Lanka rupee sharply down, stocks surge 1.9-pct EmptyWed Jan 01, 2020 4:26 pm by NIRMALSG

» Sri Lanka bank bad loans spike to 4.9-pct, non-banks 9.7-pct in Sept
Sri Lanka rupee sharply down, stocks surge 1.9-pct EmptyWed Jan 01, 2020 9:29 am by The Invisible

» People’s Bank, Sampath, and DFCC face penalties
Sri Lanka rupee sharply down, stocks surge 1.9-pct EmptyTue Dec 31, 2019 6:33 pm by nihal123

» NDB.N0000 (National Development Bank PLC)
Sri Lanka rupee sharply down, stocks surge 1.9-pct EmptyTue Dec 31, 2019 1:55 am by Trend

» COMB.N0000 (Commercial Bank of Ceylon PLC)
Sri Lanka rupee sharply down, stocks surge 1.9-pct EmptyThu Dec 26, 2019 9:23 pm by spw19721

» Thought for the day...
Sri Lanka rupee sharply down, stocks surge 1.9-pct EmptyThu Dec 26, 2019 3:41 pm by Topcat

» ඩොක්ටර් ඒලියන්ත වයිට්
Sri Lanka rupee sharply down, stocks surge 1.9-pct EmptyThu Dec 26, 2019 9:15 am by කිත්සිරි ද සිල්වා

» Why (Happy) People Cheat?
Sri Lanka rupee sharply down, stocks surge 1.9-pct EmptyWed Dec 25, 2019 8:34 pm by pjrngroup

» Who killed Cock Robin?
Sri Lanka rupee sharply down, stocks surge 1.9-pct EmptyWed Dec 25, 2019 8:33 pm by pjrngroup

» 65 Ways to Make Money Online
Sri Lanka rupee sharply down, stocks surge 1.9-pct EmptyTue Dec 24, 2019 9:24 am by Topcat

» සුළු හා මධ්‍ය පරිමාණ ව්‍යාපාරිකයින් ලබාගත් ණය අයකර ගැනීම අත්හිටුවන්න
Sri Lanka rupee sharply down, stocks surge 1.9-pct EmptyTue Dec 24, 2019 8:50 am by Topcat

» ACL Cables
Sri Lanka rupee sharply down, stocks surge 1.9-pct EmptySat Dec 21, 2019 5:34 am by NIRMALSG

» Sri Lanka to up employer EPF contribution to 15-pct, start social security fund
Sri Lanka rupee sharply down, stocks surge 1.9-pct EmptyWed Dec 18, 2019 2:46 pm by The Invisible

» රාජ්‍ය සමාගම් කොටස් වෙළෙඳපොළට ගෙන ආ යුතුයි
Sri Lanka rupee sharply down, stocks surge 1.9-pct EmptyFri Dec 13, 2019 12:37 pm by serene

» Sri Lanka can resume high growth path, cut more taxes: Mark Mobius
Sri Lanka rupee sharply down, stocks surge 1.9-pct EmptyThu Dec 12, 2019 9:29 am by The Alchemist

» රතු වැටෙනකොට
Sri Lanka rupee sharply down, stocks surge 1.9-pct EmptyWed Dec 11, 2019 2:59 pm by කිත්සිරි ද සිල්වා

» Sri Lanka interest rates should go down, currency will not fall: Mark Mobius
Sri Lanka rupee sharply down, stocks surge 1.9-pct EmptyWed Dec 11, 2019 11:18 am by The Invisible

» Equation of Happiness Solved
Sri Lanka rupee sharply down, stocks surge 1.9-pct EmptyTue Dec 10, 2019 5:23 pm by Backstage

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Sri Lanka rupee sharply down, stocks surge 1.9-pct

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Sri Lanka rupee sharply down, stocks surge 1.9-pct Empty Sri Lanka rupee sharply down, stocks surge 1.9-pct

Post by The Invisible on Mon Oct 29, 2018 9:43 pm

ECONOMYNEXT - The rupee closed weaker at around 173.80/174.00 rupees against the US dollar in the spot market Monday amidst a constitutional crisis and gilt yields ended sharply higher and stocks surged 1.92 percent, the highest gain in four years, market participants said.

The rupee traded at an all-time low of 174.30 rupees earlier in the day, market participants said.

The rupee had opened Monday at 174.00/50 rupees in two way quotes against the greenback, weakening from Friday's 173.05/20 rupees closing.

In early trade the rupee appeared to float, but it is not clear whether the rupee floated cleanly. A clean float would restore confidence quickly, and end further sterilization, taking away pressure on the currency.



Colombo's All Share index rose sharp 1.92 percent, up 112.22 points to 5,944.18, and the S&P SL20 of more liquid stocks gained 2.04 percent, up 61.26 points to 3,058.59.

Brokers said turnover was mostly driven by strategic investments in John Keells Holdings and Distilleries, while speculative retail play was also seen lifting the bourse.

Market turnover was 4.16 billion rupees, with 165 stocks making gains against 18 that declined.

John Keells Holdings contributed 2.97 billion rupees to the day's turnover. The stock was up 1.80 rupees to 141.90 rupees. There were six crossings in John Keells Holdings for 2.8 billion rupees with foreigners on the sell side.

Distilleries (up 1 rupees to 18 rupees), Commercial Bank (up 3.70 rupees to 114 rupees) and Hemas Holdings (up 6 rupees to 90 rupees) contributed to the benchmark index's sharp gain.

Access Engineering was up 2 rupees to 15.80 rupees and MTD Walkers ended 1.80 rupees higher at 9.80 rupees.

Net foreign selling was 3 billion rupees, up from 48.3 million rupees the previous day.

Foreign selling in John Keells Holdings was 2.8 billion rupees, followed by 167 million rupees in Hatton National Bank, according to Asia Securities.

Hatton National Bank closed 1.70 rupees higher at 210 rupees.

Off-market negotiated trades, or crossings, amounted to 3.5 billion rupees and was 84 percent of market turnover.

Apart from the six crossings at John Keells Holdings, there were six in Hatton National Bank for 416.6 million rupees and one in Softlogic Holdings for 303 million rupees.

Softlogic Holdings was up 80 cents to 20.40 rupees.

Gilt yields rose sharply in the secondary market as Moody's Investors Service, a rating agency said Sri Lanka's political crisis was credit negative.

A three-year bond maturing in 2021 ended higher at 11.20/30 percent, up from 10.85/95 percent the previous day.

A five-year bond maturing in 2023 closed at 11.40/60 percent, up from the previous close of 11.35/40 percent. (COLOMBO, 29 October 2019)
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Sri Lanka rupee sharply down, stocks surge 1.9-pct Empty Re: Sri Lanka rupee sharply down, stocks surge 1.9-pct

Post by serene on Tue Oct 30, 2018 8:05 am

Thanks Invi.
Better this JKH sell off ends quickly.

serene
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