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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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Sri Lankan Shares Post 3-wk Closing High as Banks Gain on Rate Decision

Published on Thursday, September 29, 2016 | Category:Research

First Capital’s Head of Research, Dimantha Mathew speaks to Reuters Wed Sep 28, 2016 COLOMBO, Sept 28 (Reuters) – Sri Lankan stocks closed higher on Wednesday, hitting a more than three-week closing high, led by gains in banking stocks after the central bank held the key monetary policy rates steady. The central bank’s widely expected decision… …
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Sri Lankan shares end flat amid foreign outflows

Published on Tuesday, September 27, 2016 | Category:Research

First Capital’s Head of Research, Dimantha Mathew speaks to Reuters Mon Sep 26, 2016 COLOMBO, Sept 26 (Reuters) – Sri Lankan stocks ended steady on Monday, as gains in financial shares were offset by losses in consumer staples, amid foreign outflows and tax hike concerns. Foreign investors sold a net 183 million rupees worth of… …
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Sri Lankan shares rise on blue chips; foreign outflow hits 7-mth high

Published on Friday, September 23, 2016 | Category:Research

First Capital’s Head of Research, Dimantha Mathew speaks to Reuters Thu Sep 22, 2016 “Index turned green today with sudden buying interest in blue chip counters” “Buying interest is there mainly in diversified shares.” COLOMBO, Sept 22 (Reuters) – Sri Lankan stocks hit a one-week closing high on Thursday, led by blue chips as investors… …
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Sri Lankan shares fall for 4th straight session; VAT proposal weighs

Published on Wednesday, September 21, 2016 | Category:Research

First Capital’s Head of Research, Dimantha Mathew speaks to Reuters Tue Sep 20, 2016 “Going forward, we don’t think this trend of correction will last long.” COLOMBO, Sept 20 (Reuters) – Sri Lankan shares fell for a fourth straight session on Tuesday, led by large caps, as selling pressure on stocks expected to take a hit… …
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Sri Lankan shares edge down on VAT-hike concern

Published on Thursday, September 15, 2016 | Category:Research

First Capital’s Senior Research Analyst, Atchuthan Srirangan speaks to Reuters Wed Sep 14, 2016 “Investors are worried about the VAT hike. Profit-taking was also there.” COLOMBO, Sept 14 (Reuters) – Sri Lankan shares closed marginally lower on Wednesday, posting their lowest closing level in nearly six weeks, as a government proposal to raise the value added… …
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Is it time to break open the piggy bank?

Published on Thursday, September 15, 2016 | Category:Stock Market

First Capital’s Senior Manager Research, Dimantha Mathew shares his outlook for equity markets in 2016. “The economy is on recovery mode and things will take a bit more time to settle”. Read more… …
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