Sri Lankan shares closed lower on Friday, led by losses in energy and utilities stocks, and ended the week marginally up after two weeks of losses. The CSE All-Share index settled down 0.14% at 21,037.35, but rose a marginal 0.009% over the week after two straight weekly declines. Pegasus Hotels of Ceylon PLC and Tess Agro PLC were the top percentage losers on the CSE All-Share index, falling…
UOB’s Quek Ser Leang and Lee Sue Ann note USD/JPY has risen for five straight sessions to 158.83, with momentum still positive but indicators deeply overbought.
Engineering exports increased 24.86% on-year in August to $12.32 billion of which shipments to the US rose 31% to $2.2 billion, and to China were $424.65 million, up 75%.
NSE Chairman Srinivas Injeti said transaction-based income continues to be the exchange’s primary revenue source, although non-transactional businesses have steadily expanded over time
