Category: Markets

Feb 14, 2008 (LBO) – Sri Lankan shares closed virtually flat Thursday with investors chasing stocks of ceramic tile firms expected to report higher earnings on strong demand from the construction sector, brokers said. The All Share Price Index ended just one and a half points down at 2,505.90 while the more liquid Milanka index […]

Feb 13, 2008 (LBO) – Sri Lankan shares ended higher Wednesday on the back of Tuesday’s gains with turnover boosted by large transactions in Lanka Walltile and National Development Bank, brokers said. The All Share Price Index closed at 2,507.42, up 12.58 points or half a percentage point while the more liquid Milanka index rose […]

Feb 12, 2008 (LBO) – Sri Lankan shares ended higher Tuesday with brokers saying there was interest across a range of sectors with institutional buying evident.The All Share Price Index went up 0.36 percent or 9.07 points to 2,494.84 while the more liquid Milanka index ended up 0.52 percent or 16.01 points at 3,123.31 with […]

Feb 07, 2008 (LBO) – Sri Lankan stocks edged up on thin trading Thursday with a big parcel of Distilleries propping up turnover but investors remained worried about the profitability of companies given high interest rates and inflation. The All Share Price Index went up 17.44 points to 2,454.89 while the liquid Milanka index closed […]

Feb 06, 2008 (LBO) – Sri Lanka shares closed marginally higher with turnover being driven to 224 million rupees through transactions on selective stocks picked by investors anticipating higher earnings for December quarter, brokers said. Colombo stock market’s All Share Index closed 3.41 points higher at 2,437.45 and the Milanka index was up 1.56 points […]

Feb 05, 2008 (LBO) – Sri Lankan stocks ended lower Tuesday with investors picking shares of companies expected to report higher profits or known to pay high dividends, brokers said. The All Share Price Index fell 19.52 points to 2,434.04 while the liquid Milanka index closed down1.32 percent or 41.16 points at 3,082.22. Turnover was […]

Feb 01, 2008 (LBO) – Sri Lanka’s share market closed marginally higher Friday with investors selectively buying stocks expected to report higher quarterly earnings this month, brokers said. The market is now more of an ‘event driven’ entity, visible from the choppy trading during January this year in comparison to that of last year, because […]

Jan 31, 2008 (LBO) – Sri Lankan stocks ended higher Thursday with two foreign crossings of Dialog Telekom propping up turnover.. The All Share Index went up half a percentage point or 12.34 points to 2,446.13 while the liquid Milanka index closed up 0.69 percent or 21.45 points at 3,113.07. Turnover went up to 325 […]

Jan 28, 2008 (LBO) – Sri Lankan stocks closed higher Monday with investors pushing up the tile maker Royal Ceramics after it announced higher profits for the December quarter. The rupee traded around 108.02/10 earlier in the day and overnight money was around 15-16 percent, dealer said. The All Share Index ended up 14 points […]

Jan 25, 2008 (LBO) – Sri Lankan stocks weakened further Friday with trading drying up to just a trickle as investors stayed away from the market owing to political and economic uncertainty. The All Share Index fell 3.21 points to 2,433.50 while the liquid Milanka index closed hardly unchanged at 3,125.25. Turnover slumped to 66 […]

Jan 24, 2008 (LBO) — Sri Lanka stocks closed lower Thursday losing some of the gains made a day earlier after a hideout of Tamil Tiger leader Vellupillai Prabhakharan was bombed. The All Share Index closed 0.64 percent lower, falling 15.68 points to 2,436.71 and the liquid Milanka index closed 0.78 percent or 24.61 points […]

Jan 21, 2008 (LBO) — Trading in Lanka Cement picked up Monday on reports that an Indian firm may start a cement plant in Jaffna and the broader market was steady in a day when global markets plunged. Shipping cement to Tamil Nadu from Jaffna would be cheaper than trucking it from plants in India […]