Category Archives: Press

Weekly Government Securities Market

Published on Thursday, November 23, 2017

Ceylon Today | 2017-11-23 By First Capital Research Weekly Yield movement & Volume Bond market activity remained relatively moderate during the past week, following the last Bill Auction held on 15 November 2017, illustrating a slowdown in the upward movement in yields. Heavy slowdown in activity was witnessed on Monday ahead of the Bill Auction.… …
Continue reading

Sri Lankan shares edge up on large caps; turnover hits over 2-wk low

Published on Thursday, November 23, 2017

ATCHUTHAN SRIRANGAN, SENIOR RESEARCH ANALYST AT FIRST CAPITAL HOLDINGS PLC, SPEAKS TO REUTERS NOVEMBER 22, 2017 COLOMBO, Nov 22 (Reuters) – Sri Lankan shares ended slightly higher on Wednesday in dull trade, as investors stayed on the sidelines awaiting clarifications on new taxes in the national budget and key legislations unveiled earlier this month, analysts… …
Continue reading

The Budget’s impact on Entrepreneurship – 24×7 Derana

Published on Friday, November 17, 2017

“The government is proposing to ignite entrepreneurship through facilitation and support of all types of services ….and this is significantly reflected through out the budget under the concept of ‘Enterprise Sri Lanka’.” First Capital’s Head of Research Dimantha Mathew discussing the budget’s impact on Entrepreneurship at Derana 24×7. Watch full interview >> …
Continue reading

First Capital records profit after tax of Rs. 731Mn for the 1st half of 2017/18

Published on Wednesday, November 15, 2017

Colombo 16th November 2017 First Capital Holdings PLC (the Group) recorded a profit after tax of Rs. 731Mn for the 1st half of 2017/18, a substantial increase compared to Rs. 406Mn in the corresponding period of the previous year. Total comprehensive income for the 1st half was Rs. 641Mn (2016/17 – Rs. 406Mn). The primary… …
Continue reading

Sri Lankan stocks extend run of declines, hit near 6-week closing low

Published on Tuesday, November 14, 2017

FIRST CAPITAL’S SENIOR RESEARCH ANALYST ATCHUTHAN SRIRANGAN SPEAKS TO REUTERS NOVEMBER 13, 2017 COLOMBO, Nov 13 (Reuters) – Sri Lankan shares fell for a third straight session on Monday to their lowest close in near six weeks, weighed down by declines in telecom and banking stocks after the island nation targeted both cash-rich sectors in… …
Continue reading

Sri Lanka sugar tax to hit beverage firms

Published on Monday, November 13, 2017

ECONOMYNEXT – The Sri Lankan government’s decision to impose a tax on sugar content on beverages is likely to affect the profitability of listed companies selling sweetened drinks, an analysis by a brokerage said. The government’s 2018 budget presented to parliament Thursday by Finance Minister Mangala Samaraweera proposed to introduce an excise duty of 50… …
Continue reading

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… …
Continue reading

Pre-Monetary Policy Analysis

Published on Tuesday, November 7, 2017

Ceylon Today | 2017-11-07 By First Capital Research GDP Growth GDP growth for 2Q 2017 was better than expected, growing by 4.0% YoY in the 2Q 2017, with the industrial and services activities recording higher growth rates of 5.2% YoY and 4.5% YoY respectively. Credit Growth FC Research upgraded private sector credit growth for end… …
Continue reading

A promising trinity of reforms

Published on Thursday, November 2, 2017

Sri Lanka’s stymied economic reforms agenda gets a major boost. But, will the country be able to make the most of it October 31, 2017 | Echelon Overshadowed by brinkmanship, Sri Lanka’s economy underwent some major reforms, two of which were new laws replacing outdated ones, and the third, an asset disposal. A surrounding mêlée… …
Continue reading

Government Securities Market Weekly Report

Published on Wednesday, November 1, 2017

Ceylon Today | 2017-11-01 Weekly Yield movement & Volume Bond market activity remained relatively high during the past week following the last Bill auction held on the 25 Oct 2017 illustrating a slowdown in the upward movement in yields. However, mid to long term yield saw marginal upward movement (5 bps) before the end of… …
Continue reading