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Sri Lankan Shares hit 12-wk low as Investors Eye Budget, 5-yr plan

Published on Friday, October 28, 2016 | Category:Research

First Capital’s Head of Research, Dimantha Mathew, speaks to Reuters Monday Oct 24, 2016 Sri Lankan shares closed Monday at their lowest in 12 weeks in lean trade as investors awaited cues from the central government budget and the five-year plan ahead of corporate results. Sri Lanka’s quarterly earnings season started two weeks back, but the… …
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Make the most of your Savings!

Published on Monday, October 24, 2016 | Category:First Capital

First Capital Money Market Fund is an open-ended fund that invests in corporate debt and government securities which mature within one year. The fund  is a good substitute for savings accounts and short term fixed deposits. The fund gives higher tax-free returns on your investment with the flexibility of withdrawing your investment at any time. The Unit… …
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Sri Lankan Shares Edge up on Foreign Buying, Turnover Hits Near 3-wk High

Published on Monday, October 24, 2016 | Category:Research

First Capital’s Head of Research, Dimantha Mathew, speaks to Reuters Fri Oct 21, 2016 Sri Lankan shares ended slightly firmer on Friday, edging up from their lowest close in 1 month hit in the previous session, as foreign investors bought risk assets ahead of a flurry of corporate results and next month’s national budget. Sri… …
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Sri Lankan Shares Close at 1-month Low in Thin trade

Published on Monday, October 24, 2016 | Category:Research

First Capital’s Senior Research Analyst, Atchuthan Srirangan, speaks to Reuters Thu Oct 20, 2016 Sri Lankan shares ended slightly weaker on Thursday, posting their lowest close in a month, as investors awaited next month’s national budget and a flurry of corporate results. The benchmark index of the Colombo Stock Exchange ended 0.03 percent or 2.03… …
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Sri Lankan shares fall for 2nd session, led by John Keells

Published on Wednesday, October 12, 2016 | Category:Research

COLOMBO, Oct 11 (Reuters) – Sri Lankan shares ended weaker for a second straight session on Tuesday, led by top conglomerate John Keells Holdings, though foreign investors’ buying and gains in financials helped to cap the fall. Trading volume was low as cautious investors awaited direction from the budget and September-quarter corporate results. Read More… …
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Sri Lankan shares end up on Commercial Credit stake sale

Published on Monday, October 10, 2016 | Category:Research

COLOMBO, Oct 4 (Reuters) – Sri Lankan stocks closed at their highest level in six weeks on Tuesday, led by record gains in Commercial Credit and Finance Plc after Thailand’s Group Lease PCL bought a 30 percent stake in the firm. Motorcycle lessor Group Lease has acquired a 30 percent stake in Commercial Credit and… …
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Sri Lankan shares end higher; blue chips lead

Published on Friday, October 7, 2016 | Category:Research

COLOMBO, Sept 30 (Reuters) – Sri Lankan stocks posted a fourth straight session of gains on Friday to end at a near one-month closing high, led by blue chips, while the drop in T-bill yields boosted sentiment. The benchmark index of the Colombo Stock Exchange ended up 0.1 percent, or 6.47 points, at 6,534.77, its… …
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First Capital’s A- rating was reaffirmed by ICRA Lanka

Published on Wednesday, October 5, 2016 | Category:First Capital

The issuer rating of SL[A-] with stable outlook was reaffirmed for First Capital Holdings PLC (FC) by ICRA Lanka Limited, subsidiary of ICRA Limited, a group company of Moody’s Investors Service. ICRA Lanka also reaffirmed the issuer rating [SL]A- with stable outlook for First Capital’s standalone primary dealer First Capital Treasuries PLC (FCT). The rating… …
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First Capital power 37th National Conference of Chartered Accountants with Gold

Published on Tuesday, October 4, 2016 | Category:Events

First Capital Holdings PLC has committed to power the 37th National Conference of Chartered Accountants with Gold sponsorships. The annual flagship event, organised by the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) is to be held from 19 to 21 October, under the theme ‘Unleashed Thinking: Entrepreneurship and Intrapreneurship.’ The conference which… …
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Sri Lanka Construction Sector Boom Seen Reviving

Published on Friday, September 30, 2016 | Category:Research

SRI LANKA CONSTRUCTION SECTOR “Construction back with a BOOM” – First Capital Research Report ECONOMYNEXT – Sri Lanka’s construction industry is expected to do well in the next few years given increasing homeownership affordability, big government infrastructure projects and rising demand for high-rises, stock brokers First Capital Equities said. Growth in the sector slowed down… …
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