Tag: Colombo Stock Exchange

Nov 19, 2009 (LBO) – Sri Lankan shares closed down Wednesday as retail investors were seen unloading mid capped stocks due to selling pressure, brokers said.The All Share Price Index closed at 2,970.90, down 0.41 percent (12.35 points), while the Milanka Price Index of more liquid stocks closed at 3,376.44, down 0.12 percent (4.04 points). […]

Nov 17, 2009 (LBO) – Sri Lankan shares ended barely changed Tuesday with trading boosted by off-the floor deals in Commercial Bank and in the overall market foreigners being net sellers, brokers said. To receive instant alerts from LBO on your Dialog mobile type ‘lbo’ and send to 678 The All Share Price Index closed […]

Nov 16, 2009 (LBO) – Sri Lanka stocks closed flat Monday as investors on the back foot awaiting political developments, while the rupee strengthened against the greenback broker and dealers said.Conglomerate John Keells Holdings closed at 143.25 rupees, down 1.75, and Distilleries Company of Sri Lankan closed at 95.00 rupees, down 25 cents. Commercial Bank […]

Nov 13, 2009 (LBO) – Sri Lankan shares ended firmer Friday with investors encouraged by the latest crop of quarterly company earnings although trading volumes were low, brokers said. To receive instant alerts from LBO on your Dialog mobile type ‘lbo’ and send to 678 The All Share Price Index closed at 2,979.41, up 1.77 […]

Nov 12, 2009 (LBO) – Sri Lankan stocks closed up almost across the board Thursday, boosted by gains in selected index heavy blue chips despite low trade volumes, while retail investor sentiment remained poor, brokers said. The All Share Price Index closed at 2,927.56, up 2.57 percent (73.32 points) while the Milanka Price Index of […]

Nov 10, 2009 (LBO) – Sri Lankan shares closed down Tuesday mainly on forced selling by retail investors trying to meet settlement commitments and minimize losses in margin trading on borrowed funds, brokers said. Political uncertainties generated by talk of elections and continued media coverage of alleged insider dealing by US hedge fund manager Raj […]

Nov 09, 2009 (LBO) – Sri Lankan shares fell Monday, failing to maintain Friday’s gains which interrupted a sharp slump in the market in recent days in which a downward slide was worsened by forced selling, brokers said. To receive instant alerts from LBO on your Dialog mobile type ‘lbo’ and send to 678 The […]

Nov 06, 2009 (LBO) – Sri Lankan share prices rebounded Friday after falling sharply in recent days with brokers saying better company earnings and falling interest rates likely to bring buyers back to the market. “Undisciplined trading practices may have contributed to the down trend.” The fall in interest rates and improved company earnings, and […]

Nov 05, 2009 (LBO) – Sri Lanka’s stocks closed 1.65 percent lower Thursday, falling for the third straight day in a continuing correction, despite banks reporting strong earnings in the September quarter season, brokers said. Despite heading for polls in the first quarter of 2010, the government opted to have a ‘vote on account’ instead […]

Nov 04, 2009 (LBO) – Sri Lankan share prices slumped again almost across the board Wednesday as nervous investors sold apparently in anticipation of further falls, brokers and analysts said.The All Share Price Index closed at 2,902.70, down 2.07 percent, or 61.49 points while the Milanka Price Index of more liquid stocks closed at 3,242.06, […]

Nov 03, 2009 (LBO) – Sri Lankan stocks ended weaker Tuesday despite last week’s interest rate cuts and better company earnings with brokers saying investors remained wary because of external factors and political uncertainty. “Investors are adopting a wait-and-see attitude. At any other time earnings increases would have pushed up the market but that also […]

Oct 30, 2009 (LBO) – Sri Lanka stocks closed flat Friday, with retail buyers awaiting positive news on earnings and political developments, while selected financial stocks took a beating, brokers said.The All Share Index closed at 2,976.93 points down 0.23 points while the Milanka Index of more liquid stocks closed down 0.34 percent (11.30 points) […]