Sri Lanka stocks rise on small investor enthusiasm

Jan 19, 2009 (LBO) - Sri Lankan shares rose almost across the board Monday in a minor rally driven by small investors speculating that military gains against Tamil Tiger rebels and lower interest rates might revive the economy, brokers said.

online pharmacy buy chloroquine with best prices today in the USA

buy bactroban online bactroban online generic

To receive instant alerts from LBO on your Dialog mobile type 'lbo' and send to 678

The All Share Price Index rose 5.48 percent (90.46 points) to end at 1,740.41 while the more liquid Milanka shot up 8.35 percent (147.87 points) to close at 1,919.52.

Turnover was 264 million rupees.

buy xenical online xenical online generic

Yadhavan Jayaram of Bartleet Mallory Stockbrokers said there was a lot of retail investors activity with many lower value shares going up but that most investment funds remained out of the market.

"Shares went up almost across the board.

online pharmacy buy arimidex with best prices today in the USA

online pharmacy buy augmentin with best prices today in the USA

Especially there was interest in John Keells Holdings (JKH)."

JKH was the most actively traded stock and went up 8.40 percent or 5.50 rupees to 71 rupees.

Commercial Bank rose 18 percent or 13.

online pharmacy buy priligy with best prices today in the USA

50 rupees to 88 rupees, Dialog Telekom ended up five percent or 25 cents at 5.25 while Lanka Cement, the third most acticvely traded stock, rose over seven percent or 75 cents to end at 10.
online pharmacy buy phenergan with best prices today in the USA

online pharmacy buy xifaxan with best prices today in the USA

buy prelone online prelone online generic


Brokers said shares in the banking and hotel sector moved up and that the rally might last a couple of days when profit taking is anticipated.

Notify of
Inline Feedbacks
View all comments
Would love your thoughts, please comment.x