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Stock Market Review – 13th Nov 2014

Colombo equities touched 7,500 strategic mark on Thursday amid 4 week high turnover. Core index gained 10.28 index points or 0.14% to end at 7,479.69 while S&P SL20 index advanced by 7.27 index points (0.18%) to close at 4,143.86. Price inclines in counters such as Access Engineering (closed at LKR 39.10, +6.3%), Vallibel One (closed…

(0)Comments | November 13, 2014 6:27 pm

Six banks fined £2.6bn by regulators over forex failings

Six banks have been collectively fined £2.6bn by UK and US regulators over their traders’ attempted manipulation of foreign exchange rates. HSBC, Royal Bank of Scotland, Swiss bank UBS and US banks JP Morgan Chase, Citibank and Bank of America have all been fined. A separate probe into Barclays is continuing. The fines were issued…

(0)Comments | November 13, 2014 3:03 pm

BREAKING NEWS: Sri Lanka’s CSE All Share Price Index exceeds 7500 mark

The All Share Price Index at the Colombo Stock Exchange exceeded the 7500 mark this morning (13 November). A spokesperson from the Stock Exchange research unit told that though it later showed a downward trend by now it is still somewhere near the 7500 mark.

(0)Comments | November 13, 2014 12:02 pm

Lanka Hospitals, first private sector hospital in Sri Lanka to complete 100 successful cochlear implant surgeries

Lanka Hospitals surpasses its own benchmark on achievements, following the recent accreditation by Joint Commission International (JCI)  Lanka Hospitals, the foremost healthcare provider with a proven record of underlying achievements, recently announced the successful completion of 100 cochlear implant surgeries. Lanka Hospitals being the pioneer of cochlear implant surgeries, announced that the 100th patient, a…

(0)Comments | November 13, 2014 10:09 am

Nestlé Lanka announces stable growth of 6% for Q3 2014

Total revenue of LKR 8.2 billion, with a growth of 5.7% Net profit of LKR 1,093 million Declares interim dividend of 120% per share Celebrates 30 years of ‘Empowering Sri Lankan Dairy Farmers’ with the felicitation of 1,200 dairy farmers for their outstanding contribution towards Sri Lanka’s dairy industry Nestlé Lanka’s flagship brand Nestomalt announces…

(0)Comments | November 13, 2014 10:04 am

Rise in number of Europeans arriving to Sri Lanka for meditation -Video Interview

There is a noticeable rise in spiritual tourists into Sri Lanka and hence the island could exploit this sector of tourists, Sri Lanka Convention Bureau Chief Executive Officer Vipula Wanigasekera told Biz 24×7 of Ada Derana 24×7 during an exclusive interview. During this interview he said the most number of spiritual tourists arriving in Sri…

(0)Comments | November 12, 2014 6:27 pm

Stock Market Review – 12th Nov 2014

Colombo stock market managed to maintain the momentum gained on last session where both indices witnessed notable returns. Core index bagged 56.69 index points or 0.76% to end at 7,469.41 while 20-scrip S&P SL index gained 16.59 index points (+0.40%) to close at 4,136.59. Price appreciations in counters such as Access Engineering (closed at LKR…

(0)Comments | November 12, 2014 6:08 pm

Stock Market Review – 11th Nov 2014

Colombo bourse closed with mixed results on Tuesday amid notable foreign inflows.  Core index managed to regain from the intra-day low of 7,386.80 to close at 7,412.72, by recording a gain of 9.34 points (+0.13%). S&P SL20 index marginally declined for the second consecutive day by 0.87 index points (0.02%) to end at 4,120.00. Price…

(0)Comments | November 11, 2014 6:13 pm

Fitch Rates Sampath Bank’s Subordinated Debentures ‘A+(lka)(EXP)’

Fitch Ratings Lanka has assigned Sampath Bank PLC’s (Sampath; AA-(lka)/Stable) proposed subordinated debentures of up to LKR7bn an expected National Long-Term Rating of ‘A+(lka)(EXP)’. The debentures, which will have tenors of five years and carry fixed coupons, will be listed on the Colombo Stock Exchange. Sampath expects to use the proceeds to strengthen its Tier…

(0)Comments | November 11, 2014 6:10 pm

Sri Lanka’s HNB buys 51 per cent stake in Prime Grameen

The Central Bank of Sri Lanka granted approval for Hatton National Bank PLC to invest in a stake of 51 per cent voting shares in Prime Grameen Micro Finance Limited. Following this Hatton National Bank has purchased 724,904,118 issued and fully paid up shares representing 51 per cent stake in Prime Grameen Micro Finance Limited…

(0)Comments | November 11, 2014 10:45 am