Stock market recovers. ASPI up by 75.48 points

Colombo bourse closed on a positive note on Wednesday (20), with the benchmark All share Price Index (ASPI) recovering from a nosedive yesterday.

The ASPI surged 75.48 points (or 0.97%) to close at 7,884.45 while the S&P SL20 index, which includes the 20 largest and most liquid stocks increased by 37.32 points ( or 1.22%) to close 3,096.35.

CSE’s ASPI sets new all-time high – among the best performing indices globally

The All Share Price Index (ASPI) of the Colombo Stock Exchange reached its all-time high index tally today closing the 10th trading day of 2021 on 7922.66 points. The previous highest points figure recorded was 7811.80 points on 14 February 2011. The ASPI gained 188.09 points today recording the eighth highest points gain in CSE’s 35 year history.

Fitch affirms SriLankan Airlines’ government guaranteed bonds at ‘CCC’

Fitch Ratings has affirmed SriLankan Airlines Limited's (SLA) USD 175 million government guaranteed 7% unsecured bonds due 25 June 2024 at 'CCC'.

Policy rates to hold steady amidst sweeping measures to insulate economy: First Capital

First Capital Research believes that the Central Bank of Sri Lanka (CBSL) will maintain same policy stance in this monetary policy review, but given the concerns around economic growth,  the research arm stated that there is a probability although to a lesser extent that CBSL is likely to further ease its policy rates.

Sri Lanka, India hold talks on ongoing development cooperation projects

The High Commission of India in Colombo and relevant authorities of the Government of Sri Lanka held a series of meetings during the last two weeks to review the status of select ongoing development cooperation projects.

SriLankan Airlines calls on members of the Airline Pilots’ Guild to put ‘country first’

SriLankan Airlines has been supporting the national economy and country since the closure of the Bandaranaike International Airport in March 2020 with the outbreak of COVID-19 by flying stranded Sri Lankans home and facilitating international trade by maintaining the vital link between Sri Lanka and the rest of the world.

Sri Lanka’s economy to grow 3.3% in 2021: World Bank

The World Bank projects Sri Lanka’s economy to grow 3.3% this year, and 2.2% next year.

"In economies that rely on external sources of growth, such as manufacturing exports (Bangladesh) and tourism (Bhutan, Maldives, Nepal, Sri Lanka), the recovery is likely to be particularly modest," the World Bank said in the latest edition of the Global Economic Prospect.

India to lift ban on onion exports from January 1

MUMBAI (Reuters) - India has decided to lift a ban on onion exports from January 1, as prices have fallen sharply in the last few weeks on expectations of a big crop.

Exports of all varieties of onion will be allowed, the Ministry of Commerce and Industry said in a notification.

CBSL takes steps to stem undue depreciation of Rupee

The Central Bank (CBSL) is of the view that the recent increase in volatility of the exchange rate is unwarranted and unacceptable.

Accordingly, among other measures, the Central Bank will take appropriate action aggressively hereafter to contain this volatility in the domestic foreign exchange market.

Selling rate of US dollar exceeds Rs.193 mark

According to the daily exchange report of the Central Bank of Sri Lanka (CBSL), the current buying rate of the US Dollar today (23) stands at Rs. 188.01 and selling rate of the US dollar stands at Rs. 193.05.