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CB rate cut continues to boost Sri Lanka stocks
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CB rate cut continues to boost Sri Lanka stocks
ECONOMYNEXT – Colombo Stock Exchange continue to trade 0.19 percent higher after the Central Bank of Sri Lanka cut rates by 25 basis points due to lower than projected inflation and expected lower external demand, brokers said. “Market was a bit slow today,” Ranjan Ranatunga, Assistant Vice President – Research at First Capital told EconomyNext. The broader All Share Price Index ended 31.49 points higher, at 16,504.86 while the more liquid S&P S…
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