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Category Archives: Research

Rupee Steady Ahead of Interest-Rate Decision: Inside Sri Lanka


Published on Tuesday, July 9, 2019

(Bloomberg) — Sri Lanka’s rupee was little changed ahead of the central bank’s monetary policy announcement in Colombo later this week. * The monetary authority is scheduled to announce its rate decision on Thursday 4:30 p.m. Colombo time; all economists in a Bloomberg survey expect benchmark rates to be left unchanged. * “We believe there… …
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Monetary Policy to be maintained


Published on Tuesday, July 9, 2019

DAILY NEWS | 09.07.2019 The monetary board would continue the policy rates with no change, considering the fact that it is too early to assess the impact of the previous 50bps rate cut, First Capital Research said in a report. “We believe that Monetary Board may first consider, CBSL’s ability to implement lending rate caps… …
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FCR Pre-Policy Analysis Monetary Policy to be maintained


Published on Tuesday, July 9, 2019

CEYLON TODAY | 09.07.2019 By First Capital Research   Previous Pre-Policy issue; CBSL reduces its policy rates by 50bps In line with our expectation of an “inevitable rate cut,” CBSL reduced the SLFR and SDFR by 50bps, as they believed policy intervention was required to address the subpar economic growth, which was further affected by… …
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Monetary Policy to be maintained allowing impact of previous rate cut to materialize


Published on Monday, July 8, 2019

LANKA BUSINESS ONLINE | 08.07.2019 Sri Lanka’s Monetary Board would continue the policy rates with no change, considering the fact that it is too early to assess the impact of the previous 50 bps rate cut, First Capital said in a research note. “We believe that Monetary Board may first consider, CBSL’s ability to implement… …
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Corporate earnings to recover from 4Q19 – FC


Published on Monday, July 8, 2019

CEYLON TODAY | 08.07.2019 Earnings of Sri Lanka’s listed firms are expected to improve from the fourth quarter of 2019 as the country is recovering faster than expected from the Easter Sunday attacks, the research arm of First Capital (FC), an investment house said. “Despite the Easter Sunday attacks, Sri Lanka’s economic outlook has shown… …
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Atchuthan Srirangan, Assistant Manager – Research, at First Capital on the Bond and equity Market performance – 07.07.2019


Published on Monday, July 8, 2019

Atchuthan Srirangan, Assistant Manager – Research, at First Capital on the bond and equity market performance – 07.07.2019 First Capital is an investment bank offering services as Stock Brokers in Sri Lanka. The Company acts as a conduit between retail and institutional clients and the secondary market of the Colombo Stock Exchange. First Capital’s best-in-class… …
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One-year bill yield dips to near 3½-year low


Published on Friday, July 5, 2019

CEYLON TODAY | 05.07.2019 By First Capital Research Weekly Yield movement & Volume During the week, the secondary market traded on a bullish note, with renewed buying interest, shifting the yield curve downwards primarily on the long end. Successful issuance of the US$ 2.0 billion International Sovereign Bond and anticipated improvement in foreign reserves propelled… …
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Improving macro stability, lower yields may strengthen equity returns


Published on Thursday, July 4, 2019

LBO | 04.07.2019 July 04, 2019 (LBO) – Despite the Easter Sunday attacks Sri Lanka’s economic outlook has shown signs of resilience and ability to recover quickly as economic activities were seen returning to normalcy while removal of travel advisories was faster than anticipated, First Capital said in their latest equity strategy. The research firm… …
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Atchuthan Srirangan, Assistant Manager – Research, at First Capital on the Bond and equity Market performance – 01.07.2019


Published on Tuesday, July 2, 2019

Atchuthan Srirangan, Assistant Manager – Research, at First Capital on the bond and equity market performance – 01.07.2019 First Capital is an investment bank providing a full range of financial advisory and services. The Company’s research delivers a heightened perspective in fundamental research aiding Share Market Investment in Sri Lanka. The Company’s best-in-class research team… …
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Weekly Yield movement & Volume by First Capital Research


Published on Monday, July 1, 2019

CEYLON TODAY | 01.07.2019 The secondary market yield curve shifted downwards across the board on the back of bullish outcomes witnessed at the international sovereign bond issuance and both local primary auctions held recently. Notably, the secondary market participants reacted on a positive note for this year’s second ISB issuance to raise US$ 2.0 billion,… …
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