Category: Markets
Sri Lanka stocks steady, cement firm draws interest
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 […]
Sri Lankan stocks battered by war, high rates
Jan 18, 2008 (LBO) – Sri Lankan stocks edged slightly higher in thin trading Friday with brokers saying intensifying violence and high interest rates were keeping investors away. Margin traders were under pressure to reduce their exposure owing to sky high interest rates. Stocks were battered this week because of stepped up attacks by Tamil […]
Sri Lankan stocks edge lower as trading dries up
Jan 17, 2007 (LBO) – Sri Lankan stocks fell again Thursday but not as sharply as yesterday with trading drying up even further as investors remained cautious owing to continuing violence, brokers said.The All Share Price Index fell 3.28 points or 0.14 percent to close at 2,378.88, while the more liquid Milanka index shed 3.23 […]
Sri Lankan stocks tumble as Tigers attack civilians
Jan 16, 2008 (LBO) – Sri Lankan stocks fell sharply Wednesday as Tamil Tigers killed at least 28 civilians in separate attacks in the island’s south, the day a ceasefire formally ended. The All Share Price Index lost 50.55 points or 2.08 percent to close at 2,382.16, while the more liquid Milanka index went down […]
Sri Lanka stocks close lower, rupee steady
Dec 14, 2007 (LBO) – Sri Lanka stocks slid 0.2 percent lower Friday in wafer-thin trading ahead of a crucial budget vote and the rupee was steady against the greenback at 109.98/109.00, dealers said. The All Share Index lost 5.96 points while the Milanka index of liquid stocks fell back 0.34 percent amidst thin trading […]
Colombo stocks close flat on uninspiring trade; rupee dips marginally
July 6, 2006 (LBO) – Sri Lankan rupee dipped marginally while stock market closed virtually flat on Thursday in subdued trade, dealers said. The benchmark All Share Price Index crept up 0.13 percent or 2.75 points to close at 2,116.15 on volumes of 19.1 million shares worth 95.09 million rupees, according to Colombo Stock Exchange […]