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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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First Capital wins Bronze – Financial Services Category at Annual Report Awards

Published on Wednesday, December 7, 2016 | Category:Events

Chief Financial Officer of First Capital Holdings Mangala Jayashanth receiving the Bronze Award for “Financial Institutions” category at the 52nd Annual Report Awards   Investment Bank First Capital Holdings PLC, won the Bronze Award for “Financial Institutions” category at the 52nd Annual Report Awards competition organised by the Institute of Chartered Accountants of Sri Lanka… …
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Sri Lanka shares end near one-week closing low

Published on Wednesday, December 7, 2016 | Category:First Capital

FIRST CAPITAL’S HEAD OF RESEARCH, DIMANTHA MATHEW, SPEAKS TO REUTERS Sri Lankan shares ended weaker for a second straight session on Wednesday, to hit their lowest close in nearly one week, with foreign investors selling domestic shares as uncertainty over budget proposals continued to keep sentiment subdued. The Colombo stock index ended down 0.36 percent… …
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Sri Lanka shares slip from near 3-wk high on profit taking

Published on Tuesday, December 6, 2016 | Category:First Capital

FIRST CAPITAL’S SENIOR RESEARCH ANALYST ATCHUTHAN SRIRANGAN, SPEAKS TO REUTERS. Sri Lankan shares ended slightly weaker on Tuesday, ending a four-session run of gains, to slip from a near three-week high as investors booked profits, brokers said. The Colombo stock index ended 0.28 percent or 17.72 points down at 6,350.40, slipping from its highest close… …
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