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Sri Lankan shares hit 6-mth closing high on foreign buying in Keells

Published on Saturday, April 22, 2017 | Category:First Capital

FIRST CAPITAL’S HEAD OF RESEARCH, DIMANTHA MATHEW, SPEAKS TO REUTERS Fri Apr 21, 2017 Sri Lankan shares gained on Friday to hit a more than six-month closing high on foreign buying in market heavyweight John Keells Holdings, helping boost the overall sentiment. Foreign investors net bought equities worth 1.35 billion rupees ($8.88 million) on Friday,… …
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Sri Lanka foreign reserves fall to 7-year low in March

Published on Thursday, April 20, 2017 | Category:First Capital

Published by LBO | Posted on April 19, 2017 Apr 19, 2017 (LBO) – Sri Lanka’s external reserves have fallen to a 6.9 year low after country’s reserves dropped almost 9 percent to 5.12 billion US dollars in March 2017, a research note showed. Central Bank has purchased 192.23 million dollars of foreign exchange from commercial banks at market… …
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Sri Lankan shares rise on foreign buying; blue chips gain

Published on Wednesday, April 19, 2017 | Category:First Capital

FIRST CAPITAL’S HEAD OF RESEARCH, DIMANTHA MATHEW, SPEAKS TO REUTERS Tue Apr 18, 2017 Sri Lankan shares rose on Tuesday as foreign investors bought blue chips, with the market seeing overseas fund inflows for 18 consecutive sessions. Foreign investors net bought shares worth 172.8 million rupees on Tuesday. They have bought equities worth a net… …
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Sri Lanka Finance Sector Report (Mar 2017) on ADA DERANA ENGLISH NEWS – 2017.04.17

Published on Tuesday, April 18, 2017 | Category:First Capital

First Capital Head of Research Dimantha Mathew with the Sri Lanka Finance Sector Report (March 2017) – between 20.54 mins to 22.14 mins The comments on this report are provided by the Capital Markets Research Unit of First Capital Holdings PLC an investment bank in Sri Lanka. The company operates in the capital markets of Sri Lanka in… …
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For Finance Companies it’s a Case of Bigger the Better

Published on Monday, April 17, 2017 | Category:First Capital

Published on Daily FT on 11 April 2017 For finance companies in tough conditions, the adage “bigger the better” is key to success, according to First Capital Equities Research. In its latest research on the sector, FC said it expects finance sector to face moderately tough conditions to operate with thinning margins and new LTV regulations… …
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Finance Company Margins to Dip, Leases to Moderate, but Asset Quality to Remain High: Research Report

Published on Monday, April 17, 2017 | Category:First Capital

Published on Mirror Business on 2017-04-07 The interest margins of finance companies in the country are expected to shrink during this year amid rising interest rates, as bulk of the loan portfolios comprises of fixed rate leasing, mostly given on vehicles, according to a finance sector report by a leading investment banking group. The average… …
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Sri Lankan shares post biggest single-day gain in over two years on foreign buying

Published on Wednesday, April 12, 2017 | Category:First Capital

FIRST CAPITAL’S SENIOR RESEARCH ANALYST, ATCHUTHAN SRIRANGAN, SPEAKS TO REUTERS Wed Apr 12, 2017 Sri Lankan shares extended gains for an eleventh straight session, posting their biggest single-day gain in more than two years, as foreign investors aggressively bought blue chip stocks. The Colombo stock index ended 1.55 percent firmer at 6,402.99, its highest close… …
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Sri Lankan shares gain for 10th straight session as foreign buying continues

Published on Wednesday, April 12, 2017 | Category:First Capital

FIRST CAPITAL’S ATCHUTHAN SRIRANGAN SPEAKS TO REUTERS Tue Apr 11, 2017 Sri Lankan shares rose for the tenth straight session on Tuesday to close at their highest in nearly four months, helped by positive sentiment over continued foreign buying in blue chip stocks. The market has seen fund inflows for 15 straight sessions through Tuesday, with… …
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Foreign buying boosts Bourse

Published on Tuesday, April 11, 2017 | Category:First Capital

Net foreign buying for past 10 weeks propels pre-Avurudu rally  Both indices up year-to-date for first time; net foreign inflow tops Rs. 7 b Tuesday, 11 April 2017 After many months of pessimism, the Colombo stock market has shown signs of positivism spurred by heavy foreign buying boosting overall sentiment. As of Friday, both price indices were… …
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Sri Lankan shares hit highest close in over six weeks on foreign buying

Published on Thursday, April 6, 2017 | Category:First Capital

FIRST CAPITAL’S SENIOR RESEARCH ANALYST, ATCHUTHAN SRIRANGAN, SPEAKS TO REUTERS Tue Apr 4, 2017 Sri Lankan shares hit their highest closing in more than six weeks on Tuesday, as foreign buying boosted sentiment while block deals lifted the day’s turnover, stockbrokers said. The Colombo stock index ended 1.1 percent firmer at 6,146.69, its highest close… …
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