Tag Archives: Capital Market Research

Sri Lankan shares edge down on VAT-hike concern

First Capital’s Senior Research Analyst, Atchuthan Srirangan speaks to Reuters Wed Sep 14, 2016

“Investors are worried about the VAT hike. Profit-taking was also there.”

COLOMBO, Sept 14 (Reuters) – Sri Lankan shares closed marginally lower on Wednesday, posting their lowest closing level in nearly six weeks, as a government proposal to raise the value added tax (VAT) hurt market sentiment.

The government on Wednesday said the cabinet has approved a proposal to increase the VAT to 15 percent from 11 percent with some amendments, a move halted by the Supreme Court earlier. The hike is expected to be implemented after parliamentary approval later this month.

reuters

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Is it time to break open the piggy bank?

First Capital’s Senior Manager Research, Dimantha Mathew shares his outlook for equity markets in 2016.

“The economy is on recovery mode and things will take a bit more time to settle”.

Share market investment in Sri Lanka, Stock brokers in Sri Lanka, First Capital Equities, First Capital Research, Investment banking in Sri Lanka, Investment in Sri Lanka, Investment banks in Sri Lanka, Capital Market Research

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