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Sri Lankan shares rise nearly 0.5 pct in high turnover

Published on Wednesday, December 28, 2016 | Category:First Capital

FIRST CAPITAL’S SENIOR RESEARCH ANALYST, ATCHUTHAN SRIRANGAN, SPEAKS TO REUTERS. Sri Lankan shares closed about half a percent higher on Wednesday, recovering from a more than eight-month closing low hit in the previous session, led by blue chips such as John Keells Holdings and Hatton National Bank. Turnover was 1.73 billion rupees ($11.59 million), more… …
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INSIDE SRI LANKA: First Capital Sees LKR Weakening Through 2017

Published on Wednesday, December 28, 2016 | Category:First Capital

Wire: Bloomberg First Word (BFW) Date: Dec 28 2016 9:32:12 By Anusha Ondaatjie (Bloomberg) — Reduced political, economic uncertainty and an external environment supportive of inflows are factors required to amend expected weakness, Dimantha Mathew, head of research at First Capital, writes in report. * Says foreign reserves dangerously low * Rupee down 0.1% to 149.65/dollar; USD/LKR’s MACD… …
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Strategy Report 2017

Published on Tuesday, December 27, 2016 | Category:First Capital

Dec 2016 – “Uncertainty provides volatility; Hope in 2H2017”   Content Briefing   1.0        Track Record…………………………… 3 2.0        GDP Growth Outlook 2017…………………………… 8 3.0        Factors to Consider for 2017 Outlook……………………  11 4.0        Political Uncertainty clouds 1H2017……………………13 5.0        Economic Outlook for 1H2017 Weak: Uncertain………. 15 6.0        External Environment in Unknown Terrain……………… …
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Sri Lankan shares rise after eight sessions of falls in thin trade

Published on Friday, December 23, 2016 | Category:First Capital

FIRST CAPITAL’S SENIOR RESEARCH ANALYST, ATCHUTHAN SRIRANGAN, SPEAKS TO REUTERS. Sri Lankan shares edged up on Friday, snapping eight straight sessions of falls and moving away from a more than eight-month closing low hit in the previous session, while turnover was low in holiday-thinned trade as investors stayed away from markets ahead of the Christmas… …
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Watawala Plantations – Initiating Coverage – STRONG BUY

Published on Thursday, December 22, 2016 | Category:First Capital

FIRST CAPITAL RESEARCH – COMPANY REPORT Watawala Plantations PLC (WATA) is primarily engaged in tea and palm oil cultivation.   We initiate coverage on WATA at a time where the company has made a strategic move to dairy farming while adapting a “quality driven” strategy for tea having discontinued rubber. Read Full Report   On the back of… …
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Sri Lankan shares fall to over 8-month low; Seylan deal weighs

Published on Tuesday, December 20, 2016 | Category:First Capital

FIRST CAPITAL’S HEAD OF RESEARCH, DIMANTHA MATHEW, SPEAKS TO REUTERS. Sri Lankan shares fell for a sixth straight session on Tuesday to hit its lowest in more than eight month led by financials as a Seylan Bank share deal cancellation weighed on sentiment. Stockbrokers said the Colombo Stock Exchange cancelled the 1.3 billion rupees ($8.7… …
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TOKYO CEMENT COMPANY – Earnings Update “Defining the Indistinctive Leadership” – STRONG BUY

Published on Friday, December 16, 2016 | Category:First Capital

FIRST CAPITAL RESEARCH – COMPANY REPORT Earnings Performance – Earnings up by 118% YoY: TKYO’s earnings for the 2QFY17 was recorded at LKR 1.1Bn oppose to LKR 490Mn recorded in comparative quarter in FY16 registering a 118%YoY. On a QoQ basis the earnings saw a 66% growth compared to LKR 644Mn recorded in 1QFY17. During… …
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Sri Lankan shares hit more than 2-wk closing low led by banks

Published on Friday, December 16, 2016 | Category:Uncategorized

FIRST CAPITAL’S HEAD OF RESEARCH, DIMANTHA MATHEW, SPEAKS TO REUTERS. Sri Lankan shares fell for a third straight session on Friday to close at their lowest in more than two weeks, as a dollar rally to a 14-year peak after an interest rate increase by the U.S. Federal Reserve earlier this week kept investors subdued.… …
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Sri Lankan shares hit more than 2-wk closing low; Fed rate hike weighs

Published on Thursday, December 15, 2016 | Category:First Capital

FIRST CAPITAL’S HEAD OF RESEARCH, DIMANTHA MATHEW, SPEAKS TO REUTERS. Sri Lankan shares fell in line with regional bourses to close at their lowest in more than two weeks on Thursday, as a 25-basis-point interest rate increase by the U.S. Federal Reserve and hints of more to come next year kept investors on tenterhooks. The… …
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Sri Lankan shares hit over one-week closing low; blue chips fall

Published on Friday, December 9, 2016 | Category:First Capital

FIRST CAPITAL’S HEAD OF RESEARCH, DIMANTHA MATHEW, SPEAKS TO REUTERS. Sri Lankan shares closed at their lowest in more than a week on Friday as investors sold large-cap shares such as Ceylon Tobacco Company Plc and Conglomerate John Keells Holdings Plc amid subdued sentiment. The Colombo stock index ended down 0.2 percent at 6,324.10, its… …
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