The mandatory offer made to PCH Holdings PLC by Adams Investments Limited has been suspended following a letter by the Securities and Exchange Commission of Sri Lanka (SEC). The suspension will be in force till the final court determination of the case. On 14August, after considering all the facts court allowed Adams Investments Limited to…
Colombo bourse end its weekly activities in the negative territory on profit taking where core index shed some of the hefty returns gained during the week. ASI slipped by 29.24 index points or 0.42% to close at 6,943.85 while 20-scrip S&P SL index declined by 7.79 index points or 0.20% to end at 3,820.98. Price…
The Colombo Stock Exchange (CSE) lifted the imposed trading halt for Union Bank PLC at 12.00 pm. today after the release of the following announcement. CSE today morning suspended the trading of Union Bank PLC shares for the second day in the row pending the announcement.
Headline inflation continued to remain in low single digit levels, although it increased to 3.6 per cent on a year-on-year basis in July 2014 from 2.8 per cent in the previous month reflecting higher prices of certain food items caused by adverse weather conditions. Meanwhile, core inflation, which reflects underlying price movements, rose marginally to…
Colombo equities closed on Thursday in positive territory as core index gained 18.95 points or 0.27% to end at 6,973.09 while S&P SL 20 index gained 8.51 points or 0.22% to end at 3,828.77. All share price index touched the 7000 level today and recorded an intraday high of 7,018.72. Declining interest rates and healthy…
BREAKING NEWS:: The All Share Price Index (ASPI) exceeded the 7,000 point mark at the Colombo Stock Exchange a short while ago. This is the first time since August 2011 since it has reached such a level. At close of trading yesterday (13 August) the All Share Price Index had increased by 6.24 points to 6,954.14…
Dr. T. Senthilverl has resigned from his post as a director of Amana Takaful PLC with effect from 11 August, 2014. He held 13,490,421 shares of Amana Takaful at the date of his resignation.
It gives me pleasure to present the first quarter performance of your Company for the financial year 2014/15. The Group recorded a consolidated revenue of Rs. 7.3 Bn, a growth of 20%. Group operating profit closed at Rs. 452 Mn while earnings stood at Rs. 247 Mn, a decline of 12%. The variance between top…
Global oil prices have fallen to their lowest level in nine months, despite fears that conflicts in Ukraine and Iraq would inflate prices. Brent crude oil has fallen to $103.70 (£62) a barrel, its lowest rate since November 2013. In July, oil hit its highest level in nine months, valued at $115.71 per barrel. Violence…
Colombo stock market closed on Wednesday on an optimistic note where both indices witnessed positive returns. ASI gained 6.24 index points or 0.09% to close at 6,954.14 while S&P SL20 index gained 2.74 index points to close at 3,820.26. Price appreciations in equities such as Nestle Lanka (closed at LKR 2,199.00, +4.6%), John Keells Holdings…
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