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Category Archives: Investing in Sri Lanka

Sri Lankan shares hit more than 2-wk closing low; Fed rate hike weighs


Published on Thursday, December 15, 2016

FIRST CAPITAL’S HEAD OF RESEARCH, DIMANTHA MATHEW, SPEAKS TO REUTERS. Sri Lankan shares fell in line with regional bourses to close at their lowest in more than two weeks on Thursday, as a 25-basis-point interest rate increase by the U.S. Federal Reserve and hints of more to come next year kept investors on tenterhooks. The… …
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Sri Lankan shares hit over one-week closing low; blue chips fall


Published on Friday, December 9, 2016

FIRST CAPITAL’S HEAD OF RESEARCH, DIMANTHA MATHEW, SPEAKS TO REUTERS. Sri Lankan shares closed at their lowest in more than a week on Friday as investors sold large-cap shares such as Ceylon Tobacco Company Plc and Conglomerate John Keells Holdings Plc amid subdued sentiment. The Colombo stock index ended down 0.2 percent at 6,324.10, its… …
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First Capital wins Bronze – Financial Services Category at Annual Report Awards


Published on Wednesday, December 7, 2016

Chief Financial Officer of First Capital Holdings Mangala Jayashanth receiving the Bronze Award for “Financial Institutions” category at the 52nd Annual Report Awards   Investment Bank First Capital Holdings PLC, won the Bronze Award for “Financial Institutions” category at the 52nd Annual Report Awards competition organised by the Institute of Chartered Accountants of Sri Lanka… …
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Sri Lanka shares end near one-week closing low


Published on Wednesday, December 7, 2016

FIRST CAPITAL’S HEAD OF RESEARCH, DIMANTHA MATHEW, SPEAKS TO REUTERS Sri Lankan shares ended weaker for a second straight session on Wednesday, to hit their lowest close in nearly one week, with foreign investors selling domestic shares as uncertainty over budget proposals continued to keep sentiment subdued. The Colombo stock index ended down 0.36 percent… …
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Sri Lanka shares slip from near 3-wk high on profit taking


Published on Tuesday, December 6, 2016

FIRST CAPITAL’S SENIOR RESEARCH ANALYST ATCHUTHAN SRIRANGAN, SPEAKS TO REUTERS. Sri Lankan shares ended slightly weaker on Tuesday, ending a four-session run of gains, to slip from a near three-week high as investors booked profits, brokers said. The Colombo stock index ended 0.28 percent or 17.72 points down at 6,350.40, slipping from its highest close… …
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Sri Lanka shares end 1 pct higher; foreign buying seen


Published on Thursday, December 1, 2016

FIRST CAPITAL’S HEAD OF RESEARCH, DIMANTHA MATHEW, SPEAKS TO REUTERS Sri Lankan shares jumped more than 1 percent on Thursday as investors sought bargains in blue-chips and on buying by foreign investors. The Colombo stock index ended up 1.09 percent at 6,309.04, its highest close since Nov. 18. The index hit a near-eight-month low on… …
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Sri Lanka shares edge up; tax proposals weigh


Published on Wednesday, November 30, 2016

FIRST CAPITAL’S HEAD OF RESEARCH, DIMANTHA MATHEW, SPEAKS TO REUTERS   Sri Lankan shares ended slightly higher on Wednesday as investors sought bargains in blue-chips but concerns over recent budget tax proposals weighed on sentiment. The Colombo stock index ended up 0.15 percent at 6,241.10, ending three sessions of losses.  The index hit a near-eight-month… …
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Sri Lanka shares hit near 8-mth low on foreign fund outflow


Published on Tuesday, November 29, 2016

FIRST CAPITAL’S HEAD OF RESEARCH, DIMANTHA MATHEW, SPEAKS TO REUTERS   Sri Lankan shares fell on Tuesday for the third straight session to end at a near eight-month low as foreign investors trimmed their exposure to the island nation’s risky assets amid concerns over budget tax proposals. The Colombo stock index ended 0.11 percent down… …
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Sri Lanka shares end little changed; turnover slumps


Published on Friday, November 25, 2016

FIRST CAPITAL’S HEAD OF RESEARCH, DIMANTHA MATHEW, SPEAKS TO REUTERS Sri Lankan shares ended little changed on Friday, hovering near eight-month lows, while turnover slumped as investors kept to the sidelines on concerns over recent tax proposals. The Colombo stock index ended 0.02 percent down at 6,252.12, and lost 1.17 percent during the week, marking… …
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Sri Lanka shares end 8-day losing streak


Published on Thursday, November 24, 2016

FIRST CAPITAL’S HEAD OF RESEARCH, DIMANTHA MATHEW, SPEAKS TO REUTERS Sri Lankan shares snapped an eight-day falling streak to end slightly higher on Thursday, but concerns over recent tax proposals continued to weigh on sentiment. The bourse hit its lowest close since April 7 on Wednesday on caution over the budget tax proposals, including revisions… …
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