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Category Archives: Research

CB seen keeping rates steady as political tensions ease


Published on Thursday, February 21, 2019

Reuters | 21 February 2019 Dimantha Mathew, Head of research at First Capital Holdings  speaks to the Reuters on the Monetary policy Forecast Reuters:  Sri Lanka’s Central Bank is expected to leave its key interest rates steady on Friday, a Reuters poll showed, as the island’s economy slowly recovers from a political crisis that sparked… …
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Bullish mode enabled due to positive outcomes of primary auctions


Published on Friday, January 18, 2019

Ceylon Today | 18 Jan 2019 Weekly Yield Movement & Volume The bond market opened in bullish sentiment, enabled by the positive mode on the back of primary bill and bond auction outcomes. During the week, a notable downward shift was witnessed in the secondary market yield curve, while overall market witnessed moderate volumes. During the… …
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Weekly Government Securities Market – 04-01-2019


Published on Friday, January 4, 2019

By First Capital Research Weekly Yield movement & Volume The secondary market yield curve was relatively stable; however during the latter part of the week, the yield curve was seen shifting slightly downwards across the board due to buying interest seen in the market. Continued depreciation in currency was witnessed, recording the lowest on 28… …
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Sri Lankan shares end lower as tax proposals hit sentiment


Published on Tuesday, August 28, 2018

DIMANTHA MATHEW, HEAD OF RESEARCH AT FIRST CAPITAL HOLDINGS PLC, SPEAKS TO REUTERS AUGUST 28, 2018 COLOMBO, Aug 27 (Reuters) – Sri Lankan shares ended weaker on Monday to post their tenth session of declines in 11, as worries over new tax proposals weighed on investor sentiment. However, foreign investors bought beaten-down stocks, limiting the downside. Foreign… …
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Bloomberg Comment – 09-08-2018


Published on Thursday, August 9, 2018

LKR Bonds Seen Boosted as Yields Drop at Sale: Inside Sri Lanka 2018-08-09 02:56:04.240 GMT By Anusha Ondaatjie (Bloomberg) — Sri Lanka’s bond prices will probably be boosted after government borrowing costs dipped at an auction of treasury bills Wednesday. * Central bank sold 20.5b rupees ($128m) of treasury bills, including 12.9b rupees of 364-day bills… …
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Profits of Sri Lanka’s list firms up 28.5-pct in March


Published on Thursday, July 5, 2018

Economy Next – 04.07.2018 By First Capital Research ECONOMYNEXT – Profits of Sri Lanka’s listed companies rose 28.5 percent in the March 2018 quarter from a year earlier, helped by a recovery in the food and beverage firms, with earnings growing 15.4 percent after discouting one-off gains, a report by First Capital Equities shows. March… …
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Bloomberg Comment – 25-06-2018


Published on Monday, June 25, 2018

LKR Seen Supported by Flow From Loan Facility: Inside Sri Lanka 2018-06-25 04:14:45.831 GMT By Anusha Ondaatjie (Bloomberg) — The Sri Lankan rupee is likely to find support from expectations of inflows from a loan facility, according to First Capital. * USD/LKR drops 0.1% to 158.80 after falling 0.4% last week * A $1b loan… …
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Bloomberg Comment – 18-06-2018


Published on Tuesday, June 19, 2018

LKR Bond Yields Edge Higher Ahead of GDP Data: Inside Sri Lanka (Bloomberg) 2018-06-18 03:24:52.326 GMT By Anusha Ondaatjie (Bloomberg) — Yields on Sri Lankan bonds edged higher ahead of the release of 1Q GDP data. * Statistics dept to release growth figures at 3 pm local time Monday; local markets were shut Friday for a public holiday * Yield… …
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