Category Archives: Market Update

Sri Lanka – Budget 2018 Review


Published on Friday, November 10, 2017

The Budget for 2018 focused promoting entrepreneurship and proposing structural changes to convert the economy to a more outward looking policy framework while also taking an active stance in promoting green environment and also providing an enabling environment for Public Private Partnerships. Government plans on a sustained path of fiscal consolidation as it aims for… …
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MARKET UPDATE ON ADA DERANA ENGLISH NEWS – 22.10.2017


Published on Monday, October 23, 2017

First Capital’s Senior Research Analyst Amanda Lokugamage with the Market Review on Ada Derana The comments on this report are provided by the Capital Markets Research Unit of First Capital Holdings PLC an investment bank in Sri Lanka. The company operates in the capital markets of Sri Lanka in government securities – treasury bills and… …
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Monthly Economic Watch – October 2017


Published on Tuesday, October 17, 2017

Content Briefing Monetary Policy Review IMF Inflation M2B & Sector Credit Reserves & Liquidity Currency Movement Government Securities Finance Sector Rate Movement External Sector Tourist Arrivals Global Markets Read the full report here: Monthly Economic Watch – October 2017 The comments on this report are provided by the Capital Markets Research Unit of First Capital… …
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First Capital’s A- rating reaffirmed by ICRA Lanka


Published on Thursday, October 12, 2017

The issuer rating of SL[A-] with stable outlook was reaffirmed for First Capital Holdings PLC (First Capital) by ICRA Lanka Limited, a subsidiary of ICRA Limited, a group company of Moody’s Investors Service.  ICRA Lanka also reaffirmed the issuer rating [SL]A- with stable outlook for First Capital’s standalone primary dealer First Capital Treasuries PLC.  … …
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First Capital Fixed Income Recommendation – September 2017


Published on Tuesday, September 26, 2017

Economic Health Score Recommendation Recap of Dec 2016 Economic Wrap Read the full report – First Capital Fixed Income Recommendation September 2017   The comments on this report are provided by the Capital Markets Research Unit of First Capital Holdings PLC an investment bank in Sri Lanka. The company operates in the capital markets of Sri Lanka proving services to… …
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First Capital Fixed Income Recommendation – August 2017


Published on Tuesday, August 15, 2017

Economic Health Score Recommendation Recap of Dec 2016 Economic Wrap Read the full report – First Capital Fixed Income Recommendation August 2017   The comments on this report are provided by the Capital Markets Research Unit of First Capital Holdings PLC an investment bank in Sri Lanka. The company operates in the capital markets of Sri Lanka proving services… …
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Monthly Economic Watch – August 2017


Published on Monday, August 14, 2017

Monetary Policy Review – Aug 2017 Policy rates unchanged The recovery of the agriculture related activities and the positive performance of the industry and services related activities together with the reinstatement of GSP+ facility are expected to contribute to economic growth. Headline inflation moderated at a faster pace to 4.8% in Jul 2017. Private sector… …
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Fixed Income Portfolio Recommendation: New Recommendation – 31st Jul 2017


Published on Tuesday, August 1, 2017

Recommend to SELL all mid tenors (4y, 5y, 6y, 8y) as the securities fall sharply below our lower band of 11%. We already remain on a SELL on all longer tenors (10y, 15y, 20y, 30y) securities as at 18th Jul 2017. Portfolio exposure: REDUCE  Capacity Utilization to be reduced to 60%  We believe the bond market is ignoring the future risk beyond… …
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First Capital Fixed Income Recommendation – July 2017


Published on Friday, July 21, 2017

Economic Health Score Recommendation Recap of Dec 2016 Economic Wrap Read the full report – First Capital Fixed Income Recommendation July 2017   The comments on this report are provided by the Capital Markets Research Unit of First Capital Holdings PLC an investment bank in Sri Lanka. The company operates in the capital markets of Sri Lanka proving services to… …
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Monthly Economic Watch – July 2017


Published on Monday, July 17, 2017

Monetary Policy Review Policy rates unchanged Private sector credit growth decelerated gradually to 20.4% in March 2017 and 20.0% in April 2017. The Earlier tightening of monetary policy by central bank and resultant increase in interest rates impacted the credit growth. Despite improved export performance, a sustained increase in import expenditure resulted in a trade… …
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