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    LIOC.N0000   LK0345N00005

LANKA IOC PLC

(LIOC.N0000)
  Report
End-of-day quote Colombo Stock Exchange  -  2023-01-26
210.50 LKR   +3.44%
01/24Lanka IOC PLC Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2022
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01/04Sri Lankan shares end 4-day rally as industrials, energy fall
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2022Sri Lankan shares drop most in a month as industrials slide
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SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector news

Sri Lankan shares drop most in a month as industrials slide

11/08/2022 | 06:22am EST

Nov 8 (Reuters) - Sri Lankan shares slid to their worst session in nearly a month on Tuesday, hurt by losses in industrial and energy stocks.

* The CSE All-Share index closed 2.64% lower at 8,267.77, exchange data showed. The index had registered a loss of 2.7% for the previous week.

* Sri Lankan markets were closed on Monday for a holiday.

* Data released after market hours on Friday showed the island nation's trade deficit narrowed year-on-year to $206 million in September.

* Sri Lanka is in the grip of a deep financial crisis, caused by record-low foreign exchange reserves that have left it struggling to pay for essential imports including fuel, food, cooking gas and medicine.

* Gross official reserves dipped month-on-month to $1.7 billion at the end of October, central bank data showed on Friday, from $1.8 billion at the end of September.

* Conglomerate Expolanka Holdings PLC and energy firm Lanka IOC PLC were the biggest drags on Tuesday, falling 7.7% and 7.1%, respectively.

* Trading volume on the CSE All-Share index rose to 46.5 million shares from 28.2 million in the previous session.

* The equity market's turnover was 1.12 billion Sri Lankan rupees ($3.07 million), according to exchange data.

* Foreign investors were net buyers in the equity market, purchasing 91 million rupees of shares, while domestic investors were net sellers, offloading stocks worth 1.12 billion rupees, data showed.

* For a report on global markets, click ($1 = 365.0000 Sri Lankan rupees) (Reporting by Meenakshi Maidas in Bengaluru; Editing by Devika Syamnath)


ę Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
EXPOLANKA HOLDINGS PLC 2.68% 191.75 End-of-day quote.5.21%
LANKA IOC PLC 3.44% 210.5 End-of-day quote.3.82%
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More news
Financials
Sales 2023 269 B 739 M 739 M
Net income 2023 - - -
Net Debt 2023 - - -
P/E ratio 2023 -
Yield 2023 5,94%
Capitalization 112 B 308 M 308 M
Capi. / Sales 2023 0,42x
Capi. / Sales 2024 0,38x
Nbr of Employees 153
Free-Float 17,5%
Chart LANKA IOC PLC
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Lanka IOC PLC Technical Analysis Chart | MarketScreener
Full-screen chart
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 3
Last Close Price 210,50 LKR
Average target price 234,65 LKR
Spread / Average Target 11,5%
EPS Revisions
Managers and Directors
Manoj Gupta Managing Director & Director
Ranjan Kumar Mohapatra Chairman
Jadhav Shashank Senior Vice President-Administration & Engineering
Rajesh Bhagat Senior Vice President-Operations & Bunker
Lakshman Ravendra Watawala Independent Non-Executive Director
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