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Sri Lankan shares fall for 6th session; tax proposals weigh on mkt

Published on Monday, November 21, 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 Monday, posting their lowest close in four and a half months, in thin volume as investor sentiment was hit by budget tax proposals, including revisions in corporate and withholding taxes. The government aims to boost… …
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Sri Lankan shares fall for fifth straight session; tax proposals weigh

Published on Friday, November 18, 2016 | Category:First Capital

First Capital’s Head of Research, Dimantha Mathew, speaks to Reuters Sri Lankan shares ended for a fifth straight session of declines on Friday, and reached their lowest closing level in more than four months, in thin volume as investor sentiment was hit by budget tax proposals. The government aims to boost its 2017 tax revenue… …
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First Capital Holdings PLC reports Rs. 406Mn consolidated PAT for the first half of 2016/2017

Published on Wednesday, November 16, 2016 | Category:First Capital

First Capital Holdings PLC, reported significant growth in the first half of 2016/17 recording a consolidated turnover of Rs. 1.78Bn.  The investment bank’s consolidated profit after tax increased to Rs. 406Mn compared to Rs. 4Mn in the corresponding period of the previous year. The group’s primary dealer arm, First Capital Treasuries PLC, was the leading… …
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Sri Lankan shares hit 2-week closing low; budget proposals weigh

Published on Tuesday, November 15, 2016 | Category:First Capital

First Capital’s Head of Research, Dimantha Mathew, speaks to Reuters Sri Lankan shares on Tuesday hit a two-week closing low in thin trade as investor sentiment was dented by last week’s budget proposals that were announced to revise corporate and withholding taxes and boost revenue.  The government aims to boost its 2017 tax revenue by… …
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Sri Lankan rupee weaker as regional currencies drop

Published on Friday, November 11, 2016 | Category:First Capital

First Capital’s Head of Research, Dimantha Mathew, speaks to Reuters Tuesday Nov 11, 2016 Nov 11 The Sri Lankan rupee edged down on Friday, in line with a selloff in emerging market currencies, as investors feared higher U.S. interest rates under incoming President Donald Trump will spark capital outflows from those markets. The weakness in the… …
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Sri Lankan shares rise on gains in blue chips, foreign buying

Published on Friday, November 11, 2016 | Category:First Capital

First Capital’s Head of Research, Dimantha Mathew, speaks to Reuters Tuesday Nov 03, 2016 Nov 3 Sri Lankan shares closed Thursday at a near-two week high, helped by gains in blue chips and as foreign investors picked up beaten down stocks. The benchmark index of the Colombo Stock Exchange ended 0.2 percent higher, or 13.05 points, at… …
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Sri Lanka – Budget 2017 Review

Published on Friday, November 11, 2016 | Category:Educational Articles

The Budget for 2017 focused on simplifying the tax system and removing tax exemptions with the view to enhance revenue while focusing measures to provide educational support and improving healthcare facilities and staff. Government plans on a sustained path of fiscal consolidation as it aims for the first time to achieve a revenue surplus and… …
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Sri Lankan shares fall from near 2-wk high ahead of budget

Published on Friday, November 4, 2016 | Category:First Capital

First Capital’s Head of Research, Dimantha Mathew, speaks to Reuters Friday November 04, 2016 Sri Lankan shares fell on Friday from a near two-week high hit in the previous session as investors waited for cues from the national budget scheduled on Nov. 10. The benchmark index of the Colombo Stock Exchange ended 0.11 percent weaker, or… …
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Sri Lankan shares edge up in dull trade ahead of govt budget

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

First Capital’s Head of Research, Dimantha Mathew, speaks to Reuters Thursday Oct 27, 2016 Sri Lankan shares ended slightly firmer on Thursday, hovering near a 12-week closing low hit earlier in the week, in thin trade as investors awaited cues from the government budget and five-year plan as well as corporate earnings. Prime Minister Ranil… …
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Sri Lankan Shares Recover from 12-wk Low in Dull Trading

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

First Capital’s Head of Research, Dimantha Mathew, speaks to Reuters Tuesday Oct 25, 2016 Sri Lankan shares edged up on Tuesday from a 12-week closing low hit in the previous session, but trading volume slumped to a more than 2-1/2-year low as investors awaited cues from the government budget and five-year plan as well as corporate… …
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