Expectation for political stability subsequent to parliamentary elections and higher corporate earnings for the second quarter in 2015 gives a boost to the main stock index which ended at 7,366.31 points on Wednesday, highest in six months.
The incremental trend in T – Bill yields continued for the 4th week in a row. As such T – bill auction held on 5th of August witnessed the 182 Days and 364 Days T-bill escalate by 7 and 6 basis points respectively.
Lankan currency was depreciated by 25 cents to the USD. Market rumors suggest that potential exit of foreign investors could have been the key trigger to the following decision.
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