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By Hiran H.Senewiratne CSE trading was positive and bullish throughout yesterday because of market speculation that bank interest rates would come down today. Accordingly, Sri Lanka’s shares rose over 1.5 per cent in mid-day trade, pushed up by index- heavy shares, especially blue chips, for the second day straight, stock market analysts said. Previously the […]
By Hiran H.Senewiratne SG Holdings bought into Expolanka Holdings’ stocks to boost the net foreign inflow at the CSE, market analysts said.CSE ‘s most profitably listed entity, Expolanka Holdings, saw 11.1 million of its shares change hands via 923 trades for Rs. 2.5 billion. Among the transactions, there were 53 crossings involving 10 million shares […]
By Hiran H.Senewiratne The CSE started the day’s trading on a positive note yesterday and later on profit- takings were noted in some selected companies. Those were, Lanka IOC, Expolanka Holdings and Lankem Development, stock market analysts said. However, some data show that local fuel consumption declined due to the quota system and the high […]
By Hiran H.Senewiratne The local stock market has the potential to grow further and business activities too could improve if fuel prices are reduced to a greater degree. Global crude oil prices are on a downward trend. They are now less than US $ 100 per barrel and they are continuing to go down in […]