On 07th November 2012
Capital market is key to build long-term savings
For most of our lives, we earn and spend money. Rarely, though, will our
current money income exactly balance with our consumption desires.
Sometimes, we may have more money than we want to spend and at other
times, we may want to purchase more than we can afford. These imbalances
will lead us either to borrow or save to maximise the long run benefits
from our income.
(http://colombostockwatch.com/2012/11/capital-market-is-key-to-build-long-term-savings/)
On 23rd October 2012
Blue chips and fundamentally-sound stocks key contributors to Bourse’s recent revival
The rebound in the Colombo stock market between late July and end
September has largely been emphatic though a few sceptics continue to
write it off as being not genuine or link it to play on junk and
speculative stocks.Some well-versed and qualified finance industry professionals too have
succumbed to this notion, which some experts opined had checkmated
sustenance of the recent revival. This apart, some uncertainty on
interest rate scenario, spike in inflation and quick profit taking
weakened overall investor sentiments.
(http://colombostockwatch.com/2012/10/blue-chips-and-fundamentally-sound-stocks-key-contributors-to-bourses-recent-revival/)
On 18th October 2012
Time to invest in stock market: SC Securities
SC Securities is advising the public that the time is right for investing in the Colombo stock market due to a host of fundamental reasons. This recommendation is contained in the SC Securities special report titled ‘Equity Focus: Sector roundup and stock recommendations’. Here are excerpts:The Sri Lankan economy, which was battered by the three-decade long
armed conflict, witnessed a solid resurgence in 2010 with a GDP growth
of 8%.
(http://www.ft.lk/2012/08/24/time-to-invest-in-stock-market-sc-securities/)
On 21st September 2012
Net foreign inflow tops Rs. 30 b; Bourse rebounds
The year-to-date net foreign inflow has surpassed the Rs. 30 billion
mark as the Colombo stock market bounced back yesterday on the strength
of a fresh round of buying, following profit taking early in the week. After a small outflow Rs. 31 million on Monday, the market has seen net
foreign buying of nearly Rs. 300 million, bringing the year-to-date
value to pip the Rs. 30 billion mark, an all-time high.Analysts said the record inflow reiterates foreigners craving for
Lankan equities, especially select blue chips. The inflow is also
gigantic considering the outflows of Rs. 19 billion in 2011 and Rs. 26
billion in 2010.On Wednesday, when net inflow was Rs. 190 million, foreign buying
concentrated on JKH, Commercial Bank, Lion Brewery, Distilleries,
Sampath Bank, and Lanka Hospitals, among select others.
[http://colombostockwatch.com/2012/09/net-foreign-inflow-tops-rs-30-b-bourse-rebounds/]
On 17th August 2012
Foreign investors in colombo Bourse grow in confidence
The Colombo Bourse’s most commendable achievement this year has been the
fact that foreign investor confidence is growing, despite scepticism by
locals over various issues within and outside the market.So far this year, the net foreign inflow of Rs. 27 billion is
encouraging in the context that in 2011 the outflow was Rs. 19 billion
whilst in 2010 it was a record Rs. 26.3 billion.
[http://colombostockwatch.com/2012/08/foreign-investors-in-colombo-bourse-grow-in-confidence/]
On 24th July 2012
Sri Lanka should avoid liquidity shocks from the dollar bond: fuss-budget
Sri Lanka is getting several hundred million US dollars from a sovereign
bond this week and authorities should be careful not to let it generate
a liquidity shock to the system, which can send the rupee tumbling down
again.[http://www.lbo.lk/fullstory.php?nid=1957283041]
On 20th July 2012
Sri Lanka's next stock rally could be driven on oil hopes: analyst
Sri Lanka's next stock rally could be driven by the discovery of a
commercially viable deposit of oil, which will renew interest in the
country, an analyst who correctly called the end of the last stock
bubble has said. [http://www.lbo.lk/fullstory.php?nid=1035192591]
On 28th June 2012
Sri Lanka banking assessment: S&P answers investor queries
Standard and Poor's, a rating agency has released a document answering
potential investor queries following the release of a Banking Industry
Country Risk Assessment. (http://www.lbo.lk/fullstory.php?nid=1324791890)
On 20th June 2012
Sri Lanka's real estate growth slowed by interest rates, inflation: report
Growth in Sri Lanka's real estate sector may slow in the coming months,
as rising interest rates and higher construction costs begins to bite, a
new report has forecasted.Sri Lanka is in the midst of a post-war property boom, with key real
estate drivers centered around the leisure and ports and aviation
development in the southern district of Hambantota.(http://www.lbo.lk/fullstory.php?nid=6998330)
On 15th June 2012
Biz Confidence Index Stalls
The unique index that measures business confidence stalls in the face of conflicting views on how Sri Lanka is faring these days
The performance of a country’s stock market is often viewed as a
barometer of investor confidence, an uptick signalling that things are
heading in the right direction. It comes as no surprise then, that a
deal involving a state institution buying into a firm at what seemed
like a highly inflated price would not only raise eyebrows but invite
the scrutiny and wrath of many within the investment community.(http://colombostockwatch.com/2012/06/business-sentiment-4/)
Sri Lanka handset market led by Nokia, a third multi-SIM in 2011
June 05, 2012 - Mobile phone makers have shipped over two million
units to Sri Lanka with a market value of 22.4 billion rupees in 2011
with Nokia having a 46 percent share, a market research firm based in
India has said. CyberMedia Research (CMR), a computer and electronic market research
firm said 35 of percent of handsets sold in 2011 could have more than
one network connected (multi-subscriber identity module).(http://www.lbo.lk/fullstory.php?nid=1960878033)
Sri Lanka has to re-think CB operations to lift dollar peg: fuss-budget
May 22, 2012 - Sri Lanka's loan interest rates are now much
higher, deposit rates are higher, and Treasury bill yields are much
higher than when fuss-budget first warned of the unfolding balance of
payments drama in August 2011. But to get the full benefit of these changes and strengthen the currency
back to levels they were in mid 2011, the Central Bank has to keep the
lid on excess liquidity or the positive clearing balance in the banking
system.(http://www.lbo.lk/fullstory.php?nid=878592716)
