e-Sri Lanka initiative successful:
ICT rally to continue
The country’s estimated Compound Annual Growth
Rate (CAGR) of the IT market is 16 percent. This would make Sri
Lanka one of the fastest-growing markets in the region, particularly
at a time when growth has deteriorated in more established markets.
Softlogic Finance records healthy growth
Raises Rs 1.5 billion through securitization:
Softlogic Finance has recorded an unprecedented
portfolio growth last year. The company, previously known as Capital
Reach Leasing, flying the flag of Softlogic Group since its
acquisition last year, has seen a remarkable transformation as is
evident in its performance this year.
Investors in selling mood
Colombo stocks commenced its operations on
Monday in a negative territory. ASI lost 30.18 points (-0.42
percent) to close at 7,210.09 while liquid MPI gained marginally by
0.36 points (+0.01 percent) to close at 6,838.41. However MPI
witnessed noteworthy gains during most part of trading. Market RSI
is 45.23 (Fridays figure 46.65). Daily market turnover dropped to Rs
1.6 billion. Colombo Pharmacy Plc (PHR) emerged as the top
contributor to the turnover with an amount of Rs 300.3 million.