ASPI:

6,427.26

S&P SL20:

3,692.15

Share Volume:

14,000,292

Turnover (LKR):

217,890,960

ASPI

6,427.26

-24.29

-0.38%

S&P SL20

3,692.15

-21.07

-0.57%

Buying Rate (LKR)

Selling Rate (LKR)

Forex Exchange for Front





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News


Research Award - 9.8.2017
Daily FT – Asia Securities selected as Sri Lanka’s best stockbroking research provider

Sweeps research awards at 5th annual CFA Sri Lanka Capital Market Awards Reinforcing the view of many of the most sophisticated investors in Sri Lanka’s stock market, Asia Securities Ltd. was crowned the Best Stockbroking Research Team at the annual Sri Lanka Capital Market Awards hosted by the CFA Society of Sri Lanka on 1…

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Daily FT – Sri Lankan equities rebound in 2017: Outperforms other asset classes

Asia Securities recommended portfolio outperforms ASPI by over 100% and S&P by over 50% Sri Lankan stocks have rebounded strongly in 2017, reversing a two-year trend where it underperformed several other asset classes. The All Share Price Index (ASPI) of the Colombo Stock Exchange has returned 7.4% in the first four months of this year, closing at 6,610…

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EconomyNext – Thailand’s Group Lease buys 30-pct stake in Sri Lanka’s Commercial Credit in Rs10bn deal

ECONOMYNEXT – Thailand’s Group Lease Holdings bought a 30% stake in Sri Lanka’s Commercial Credit and Finance at Rs111 a share in a Rs10.6 billion deal, a stock exchange filing said. Stock brokers Asia Securities said its client Group Lease Holdings bought 95,390.500 shares of Commercial Credit and Finance, a 29.99% stake. Commercial Credit and…

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Reuters – Sri Lanka shares gain on foreign buying; Thai Group’s deal lifts mood

Dec 8 Sri Lankan shares rose on Thursday as a stake buy in Commercial Credit and Finance Plc by a unit of Thailand’s Group Lease Plc lifted the mood while foreign investors bought domestic stocks and turned net buyers so far in the year. Group Lease Holdings Pte Ltd, a subsidiary of Thailand’s Group Lease…

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07 Dec 2016 – DailyFT
DailyFT – Growth in income levels to drive Consumer and Retail industry despite near-term headwinds

Asia Securities, Sri Lanka’s leading independent stockbroking and research firm, hosted the fifth instalment of its ‘Wealth Insights’ series of investor events recently. The event, titled ‘Poised for a Shopping Spree’ focused on the outlook for the Consumer and Retail sector and brought together industry leaders with institutional and high net worth investors. The session’s…

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The Corporate Treasurer – Sri Lanka readies FX rules overhaul

The government is prioritising an FX regime overhaul, but what difference will it make for corporates? The Sri Lankan government is set to reform its foreign exchange control legislation early next year in a bid to increase foreign direct investment (FDI) into the country and spur export growth. During his budget speech on November 10,…

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EconomyNext – Rising incomes seen lifting Sri Lanka consumer, retail stocks

ECONOMYNEXT – Sri Lanka’s consumer and retail sector has strong growth prospects given increasing disposable incomes and changing lifestyles, according to a new study by stock brokerage Asia Securities. Mangalee Goonetilleke, research manager at Asia Securities, said that while new taxes in the government 2017 budget could reduce consumer spending, rising incomes means a shift…

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08 Jul 2016 – DailyMirror
DailyMirror – Brandix CEO sees apparel sector maintaining strong growth momentum

Brandix Lanka Limited CEO Ashroff Omar affirmed that the Sri Lankan apparel sector has room to grow further despite the country reaching the middle-income status. He highlighted some intrinsic advantages of the apparel industry as a tool for growth and provincial development and stressed the importance of viewing Sri Lanka’s position from a South Asian…

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CNBC – Investing in Sri Lanka offers opportunities and pitfalls

After the end of a long-running civil war and the beginning of a fresh government, Sri Lanka’s market offers both opportunities and pitfalls for investors. The market certainly has its boosters. Dumith Fernando, executive chairman at Sri Lanka brokerage Asia Securities, highlighted the positives. “You’re talking about 5-6 percent economic growth, fairly robust earnings growth…

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DailyFT – Equities market recommends “Time to Buy” at Sri Lanka Summit in Singapore

The well-attended Sri Lanka Summit in Singapore organised by the Finance Asia recently had a very useful session on ‘Equity Investments in Sri Lanka’. Among participants were a large number of portfolio fund managers, investment bankers  and individual investors. As a prelude to the panel discussion, Colombo Stock Exchange Chairman Vajira Kulatilaka made a comprehensive…

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DailyFT – Private sector dollar debt to add to country’s external sector woes

Foreign debt raised by the private sector firms during the last few years are now a cause for concern as servicing such debt has become a challenge for the borrowers with the rising interest rates in the United States and the depreciating Lankan rupee, a Colombo-based stockbroking house said. According to Asia Securities Head of…

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DailyFT – Asia Securities predict shift from infrastructure to housing in construction sector

A new study out today outlines the changing landscape of the growing construction sector. The study by Asia Securities (ASEC) suggests that the next 10 years will see a shift in growth from infrastructure to housing. A presentation delivered by Asian Securities Researcher Kanishka Perera outlined this transition likely to happen in the construction sector….

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LBO – Asia Securities says S&P telecoms report on Sri Lanka unjustified

Sep 04,2015 (LBO) – Sri Lanka’s Asia Securities says it is bullish on the Sri Lanka telecommunication sector even though a recently released report by Standard & Poor’s ratings agency sees telecom regulatory risk in Sri Lanka as high. S&P highlighted that they see a high regulatory risk in Sri Lanka with regulatory disruptions such…

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LBO – SMEs to drive banking loan growth going forward: Asia Securities

June 19, 2015 (LBO) – Sri Lanka Asia Securities says that small and medium enterprises (SME) will drive banking loan growth going forward. “The SME sector is expected to drive the economic growth going forward,” Asia Securities says in a recently launched banking report titled ‘Banks: An Evolving Story of Elephants and Cheetahs’. Banking Loan…

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Daily FT – Banks bullish on growth

Sri Lanka’s banks are set to hit a growth stage, having withstood the global credit crunch, on strong asset consolidation and diversification, an analytical report released by Asia Securities showed yesterday. In 2014, total banking assets grew by 17.3% YoY to Rs. 6.97 billion and accounted for 71.3% of the country’s nominal GDP. The growth…

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