Category Archives: Market

Atchuthan Srirangan, Assistant Manager – Research at First Capital Holdings, with the Market Review on Ada Derana – 15.07.2018


Published on Monday, July 16, 2018

First Capital’s Atchuthan Srirangan 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 bonds, stock brokering and share market investments, asset management, private… …
Continue reading

Fundamentals strengthening, growth remains key – First Capital Research


Published on Monday, July 16, 2018

Daily Mirror | 16.07.2018 Recap of recommendations of January 2018 and review of 1H2018 First Capital Research expected the yield curve to be upward trending 1Q-3Q2018 with an acceleration in the uptrend towards 3Q amidst bunching of debt maturities during 3Q2018. The unexpected election results in Feb, saw an early surge in yields across the… …
Continue reading

Political uncertainty seen dampening investor confidence


Published on Monday, July 16, 2018

Economy Next – 16.07.2018 By First Capital Research ECONOMYNEXT – Although economic fundamentals are improving with low inflation, stable interest rates and improving demand in overseas markets, political uncertainty in the run-up to elections may dampen investor confidence, First Capital Holdings said. Economic growth is expected to pick up in the third and fourth quarters… …
Continue reading

First Capital downgrades exchange rate target to 161 rupees for end 2018


Published on Friday, July 13, 2018

July 11, 2018 (LBO) – First Capital Research said they downgraded their exchange rate target from 159 rupees to 161 rupees per dollar for end 2018 since a stronger dollar is more likely in the coming months. With four fed rate hikes on the cards over next 12 months, First Capital Research said they are… …
Continue reading

Sri Lankan shares hit 1-1/2-week closing high; banking stocks lead


Published on Friday, July 13, 2018

DIMANTHA MATHEW, HEAD OF RESEARCH AT FIRST CAPITAL HOLDINGS PLC, SPEAKS TO REUTERS JULY 13, 2018 COLOMBO, July 12 (Reuters) – Sri Lankan shares hit their highest close in over a week on Thursday as investors bought banking and beverage shares, stockbrokers said. Many market participants remained on the sidelines due to a lack of bullish news… …
Continue reading

First Capital recommendations Bond market: Bullish


Published on Thursday, July 12, 2018

Daily FT – 12.07.2018 We expect the yield curve in Government securities to peak during 3Q in 2018, and register a slow downtrend. Despite having some pressure in 1Q2019 it is not expected to be as high as 3Q2018. Thereby, from bearishness at the start of 2018, we are now bullish on bonds beyond 3Q2018.… …
Continue reading

Prevailing political uncertainty to affect investor confidence: First Capital Research


Published on Wednesday, July 11, 2018

Lanka Business Online | 11.07.2018 July 11, 2018 (LBO) – Prevailing policy uncertainty created through the political uncertainty is a major deterrent which may slow down the gradual improvement of the economy and business confidence, a recent research showed. First Capital Research in its mid-year economic outlook said a major factor that is creating uncertainty in… …
Continue reading

Sri Lankan shares end steady; turnover at near 3-month low


Published on Wednesday, July 11, 2018

DIMANTHA MATHEW, HEAD OF RESEARCH AT FIRST CAPITAL HOLDINGS PLC, SPEAKS TO REUTERS JULY 11, 2018 COLOMBO, July 10 (Reuters) – Sri Lankan shares closed steady on Tuesday, while the turnover slumped to a near three-month low as many investors remained on the sidelines due to a lack of bullish news amid concerns over political uncertainty, stockbrokers… …
Continue reading

Bloomberg Comment – 09-07-2018


Published on Tuesday, July 10, 2018

LKR Yields Seen Rising Ahead of Bond Issuance: Inside Sri Lanka 2018-07-09 04:45:31.873 GMT By Anusha Ondaatjie (Bloomberg) — Sri Lankan bond yields may come under upward pressure ahead of a bond issuance later this month. * “The shorter end of the yield curve could move up in very thin volumes, as the market holds… …
Continue reading

CB stands pat, says low rates will support growth


Published on Monday, July 9, 2018

Daily Mirror | 07.07.2018 The Central Bank left its key policy rates unchanged as expected yesterday, saying a low rates environment and stabilizing inflation will support an economy in the face of a fragile rupee currency. Political uncertainty stoked by the ruling coalition’s loss in local polls in February has cast a shadow on Sri… …
Continue reading