Sri Lanka Equity Forum
Dear Reader,

Registration with the Sri Lanka Equity Forum would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.

Thank You
Sri Lanka Equity Forum

Discussion Forum for Stock Market Investors in Sri Lanka

සිංහල පරිවර්තනය
Submit Post
Submit Post

Latest topics

» Daily Foreign Transactions
by ruwan326 Today at 7:17 am

» EAST looks promising
by prabath Yesterday at 7:15 pm

» CTCE share holders get 1000 per share
by prabath Yesterday at 7:14 pm

» What companies to consider?
by mark Yesterday at 4:25 pm

» How to pick winning stocks by analysis not through predictions and gossip news-1
by ruwan326 Sat Jul 21, 2018 9:12 pm

» six-rules-to-follow-when-picking-stocks
by ruwan326 Sat Jul 21, 2018 8:59 pm

by samaritan Sat Jul 21, 2018 11:45 am

» BPPL going to be a gem
by ruwan326 Fri Jul 20, 2018 8:23 pm

» Sri Lankan shares close at 3-week high; Keells leads
by Miss-Sangeetha Fri Jul 20, 2018 7:40 pm

» expo.. @4.00
by Sameerad Fri Jul 20, 2018 12:26 pm

» ASI And The Future of Investors
by ruwan326 Fri Jul 20, 2018 9:45 am

» Keells Foods net profit grows 34-pct in June quarter, revenues up
by DS Wijesinghe Thu Jul 19, 2018 10:26 pm

by ruwan326 Thu Jul 19, 2018 9:05 pm

by ruwan326 Thu Jul 19, 2018 8:56 pm

» World Bank and Dept. of Commerce elevate Sri Lanka int’l trade to global info platform
by ruwan326 Thu Jul 19, 2018 7:19 pm

» Market will be Green today
by ruwan326 Thu Jul 19, 2018 6:52 pm

You are not connected. Please login or register

Sri Lanka Equity Forum » Stock Market News » Market & Securities welcome PM's speach!

Market & Securities welcome PM's speach!

Go down  Message [Page 1 of 1]

1 Market & Securities welcome PM's speach! on Fri Nov 06, 2015 8:50 am


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
Lanka Securities said yesterday that the Colombo bourse welcomed the economic policy direction set by the Premier Wickramasinghe and closed in the positive territory on Thursday. “Prime minister’s speech which was delivered near to the session close managed to lift the index from the 7,000 mark to close the day at 7,017.39 with a gain of 13.82 index points or 0.20%. S&P SL20 index bagged 9.50 index points (+0.25%) to end at 3,794.11,” it said.
“Though the investor reactions to policy speech can only be seen in full in the next session, it is expected that the positive policy reforms introduced to address economic issues would be well-received by the investors,” Lanka Securities added.
SC Securities said “Colombo equities demonstrated an upward trend today, with the announcement of basic economic reforms by the Prime Minister, in the parliament.”
Reuters said stocks ended firmer on Thursday led by blue chips, and stockbrokers expect the market to react positively to the Prime Minister’s medium-term economic policy statement, which focused on raising revenue through reforms.
The main stock index ended 0.2% higher at 7,017.39.
The day’s turnover was Rs. 779.8 million ($5.51 million), less than the year’s daily average of Rs. 1.1 billion.
Prime Minister Wickremesinghe, outlining the Government’s economic priorities ahead of the 2016 Budget announcement, said the Government would minimise tax holidays and aim to garner more revenues from the rich through direct taxes, a move that could be praised by the International Monetary Fund.
“All in all, it looks positive. This is what people have been waiting for,” said Dimantha Mathew, a research manager at First Capital Equities Ltd., adding that he expected the market to react positively to the Prime Minister’s statement.
The next trigger for the markets would be the budget scheduled for 20 November, analysts said.
Shares in Hemas Holdings Plc rose 3.13% while conglomerate John Keells Holdings Plc gained 1.40%.
Foreign investors, who have been net sellers of Rs. 3.71 billion worth of equities so far this year, bought a net Rs. 16.5 million worth shares on Thursday.

link :

Back to top  Message [Page 1 of 1]

Permissions in this forum:
You cannot reply to topics in this forum