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First Capital says door open for another rate cut

Published on Tuesday, November 26, 2019 | Category:Educational Articles

A third rate cut for this year, despite forecasting to the contrary prior to the recently concluded presidential election, was not ruled out by First Capital Research, the research arm of a leading Colombo-based investment bank. The Monetary Board of the Central Bank is set to announce the seventh monetary policy review for this year… …
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Monthly Economic Watch – November 2019

Published on Tuesday, November 26, 2019 | Category:Educational Articles

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Hiruni Perera, Senior Research Analyst at First Capital commenting on the bond and stock market performance – 25.11.2019

Published on Tuesday, November 26, 2019 | Category:Educational Articles

Hiruni Perera, Senior Research Analyst at First Capital commenting on the bond and stock market performance. “In the bond market the secondary market yield curve shifted slightly upwards with the profit taking while overall market witnessed low volumes during the day. Equity market, started the week on negative note, on the price losses made by DIST and SLTL.” First… …
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CSE toasts new President

Published on Monday, November 25, 2019 | Category:Educational Articles

By Duruthu Edirimuni Chandrasekera View(s): 397 It doesn’t come as a big surprise that immediately after the big political changes, the stock market always reacts positively. This was seen when President Maithripala Sirisena came to power in January 2015 and in October 2018 when Mahinda Rajapaksa was sworn in as the Prime Minister. On Monday,… …
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Dimantha Mathew, Head of Research at First Capital commenting on the bond and stock market forecast – 24.11.2019

Published on Monday, November 25, 2019 | Category:Educational Articles

Dimantha Mathew, Head of Research at First Capital commenting on the bond and stock market forecast. “In the bond market we expect activity to slowdown drastically with the monetary policy announcement due on Friday. Yield curve is likely to remain stagnant up until the announcement is given. In the equity market we expect mixed reactions.”… …
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Weekly Govt Securities Market: One-year T-Bill records 12-week low

Published on Friday, November 22, 2019 | Category:Educational Articles

By First Capital Research Weekly Yield Movement & Volume Amidst the presidential election outcome, the secondary market yield curve shifted downwards across the board on the back of heavy buying interest stemming from both local and foreign counterparts. Prior to the Presidential election, the yield curve remained broadly unchanged, as market participants remained on the… …
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Nisansala Kuruppumudali, Research Analyst at First Capital commenting on the bond and stock market performance – 21.11.2019

Published on Friday, November 22, 2019 | Category:Educational Articles

Nisansala Kuruppumudali, Research Analyst at First Capital commenting on the bond and stock market performance. “In the bond market the secondary market yield curve shifted slightly upwards with the profit taking. In the equity market bourse concluded the day in red persisting the negative sentiment for the second straight session, mainly dragged down by the price losses in CARG… …
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Atchuthan Srirangan, Assistant Manager Research at First Capital commenting on the bond and stock market performance – 20.11.2019

Published on Thursday, November 21, 2019 | Category:Educational Articles

Atchuthan Srirangan, Assistant Manager Research at First Capital commenting on the bond and stock market performance The secondary market continued the positive sentiment for the third consecutive day with heavy buying interest across the yield curve. Bourse concluded the day in red after three positive trading sessions, mainly dragged down by the price losses in JKH and COMB.N. First… …
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Shares edge down on profit taking; rupee ends higher

Published on Thursday, November 21, 2019 | Category:Educational Articles

(Colombo) REUTERS: Sri Lankan shares ended marginally lower yesterday from their highest level in more than a year hit in the previous session, as investors booked profits after a post-election rally, while the rupee rose to a nearly three-month peak. Former wartime defence chief Gotabaya Rajapaksa on Saturday won presidential election and assumed office on… …
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Atchuthan Srirangan, Assistant Manager Research at First Capital commenting on the bond and stock market performance – 19.11.2019

Published on Wednesday, November 20, 2019 | Category:Educational Articles

Atchuthan Srirangan, Assistant Manager Research at First Capital commenting on the bond and stock market performance In the secondary market, the positive sentiment continued for the second consecutive day after presidential election results with heavy buying interest witnessed across the yield curve. Stock  market ended in green continuing the positive sentiment witnessed in the last… …
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