The Colombo Stock Exchange crossed another benchmark at the close of trading today (11th), with the S&P SL20 surpassing the 4000 mark (for the first time since its launch) and closing at 4013.18. The S&P SL20 was launched on the 26th of June 2012 and at the end of that year showed a growth of…
Colombo Bourse ended an enthusiastic trading session on Thursday recording a nearly 3-week high turnover of LKR 5.6bn. Benchmark All share price index gained 36.00 points or 0.50% to end at 7,199.25 while S&P SL 20 index crossed the 4,000 level today to close at 4,013.18 with a gain of 24.59 points or 0.62%. The…
The Japanese show much care and concern over their food habits. Since a Japanese scientist has discovered that coconut oil being used in the preparation of meals retards Alzheimer’s disease, the most common form of dementia – the Japanese are using more and more coconut oil in their food preparations, says Sri Lanka’s Ambassador in…
The Market Capitalisation of the Colombo Stock Exchange (CSE) crossed Rs. 3 Trillion for the first time in the history of the Exchange. At the close of trading today Market Capitalisation was at Rs.3, 006.7 Billion. The Market Capitalisation measures the market determined value of all listed voting shares. This exceptional performance comes in the…
Market capitalization of Colombo Bourse exceeded the LKR 3 trillion milestone for the first time as the main index reached 38-month high of 7,163.25 in today’s trading session. So far in the month of September, core index managed to bag 129.16 index points (+1.8%) while 20-scrip S&P SL index gained 116.08 index points (+3.0%). ASI…
APPLE has unveiled a smartwatch – the Apple Watch – its first new product line since the first iPad and the death of its co-founder Steve Jobs. The device runs apps, acts as a health and fitness tracker and communicates with the iPhone. While rival smartwatches already exist, experts said Apple had a history of…
A French-inspired mansion has just hit the market for an astronomical $139 million, making it the most expensive home for sale in the U.S. The 60,000-square-foot estate, called “Le Palais Royal,” sits on over 4 acres and 465 feet of beachfront on Millionaires Mile in Hillsboro Beach, Florida. The “palace” features 11 bedrooms, 17 bathrooms and the first…
Orient Garments PLC has decided to launch a rights issue of 54.9 million new ordinary shares at Rs. 15 each. While this decision has been made by Orient Garments board of directors, they hope to raise nearly Rs. 810 million. The company is to issue a new share for every existing share. Orient Garments which…
Colombo equity market started weekly operations on optimistic note where both indices witnessed notable returns. Core index gained 36.03 index points or 0.51% to close on 38 month high of 7,123.44 while 20-scrip S&P SL index gained 36.68 index points or 0.93% to close at 3,969.49. Price appreciations in large caps such as John Keells…
Fitch Ratings has affirmed Sri Lanka-based Lion Brewery (Ceylon) PLC’s (Lion) National Long-Term Rating at ‘AA-(lka)’. The Outlook is Stable. The agency also affirmed the company’s senior unsecured rating at ‘AA-(lka)’ and assigned an expected National Long-Term rating of ‘AA-(lka)(EXP)’ to Lion’s proposed unsecured redeemable debentures of up to LKR2bn (USD15.4m). Lion plans to use…
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