Tag: CSE Daily

Nov 11, 2008 (LBO) – Sri Lankan shares ended marginally lower Tuesday after swinging both ways with trading drying up as wary investors remained on the sidelines, brokers said. The slow withdrawal of funds by foreign investors, pulling out because of the downturn in their own economies, could continue. “There are shares with earnings potential […]

Nov 10, 2008 (LBO) – Sri Lankan shares ended lower Monday, despite opening firmly in the morning, as investors stayed away from trading owing to uncertainty about the economy and company profits, brokers said. To receive instant alerts from LBO on your Dialog mobile type ‘lbo’ and send to 678 The All Share Price Index […]

Nov 07, 2008 (LBO) – Sri Lankan shares Friday fell for the second day running after rising on thin volumes for several days with brokers saying small investors lacked the holding power to sustain early gains. To receive instant alerts from LBO on your Dialog mobile type ‘lbo’ and send to 678 The All Share […]

Nov 06, 2008 (LBO) – Sri Lankan shares slumped Wednesday after several days of gains on thin volumes as investors took profits, with brokers saying the volatility could deter investors. To receive instant alerts from LBO on your Dialog mobile type ‘lbo’ and send to 678 The All Share Price Index fell 2.58 percent (50.62 […]

Nov 05, 2008 (LBO) – Sri Lankan shares continued their rise, Wednesday, on thin trading volumes with plantations stocks rallying on retail investor interest, but a full recovery of the market was likely to be slow, brokers said. There was a single crossing of Chevron Lubricants Lanka of 182,500 shares done at 105 rupees. To […]

Nov 04, 2008 (LBO) – Sri Lankan shares maintained their upward momentum, Tuesday, but the low volume of trading raised doubts whether the upswing would last as the earnings outlook remained bleak, brokers said.The upswing began last week after the Colombo bourse slumped to a three and a half year low. Associated Motorways has asked […]

Nov 03, 2008 (LBO) – Sri Lankan shares ended higher for the fourth day running, Monday, sustaining the gains made last week in what appears to be an improvement in investor sentiment, brokers said. Sri Lanka Telecom rose one rupee to 40 rupees while Distilleries Company rose over nine percent (4.75 rupees) to end at […]

Oct 30, 2008 (LBO) – Sri Lankan shares ended higher for the second day running with brokers saying the rise on larger trading volumes may indicate improved investor sentiment and that the slide may have bottomed out. LIOC ended up 3.41 percent or 0.75 rupees at 22.75 rupees with 233,000 shares changing hands. To receive […]

Oct 29, 2008 (LBO) – Sri Lankan shares ended marginally firmer Wednesday, held up by gains in highly capitalized stocks, but sentiment remained weak as the outlook for economic and company growth was gloomy, brokers said. To receive instant alerts from LBO on your Dialog mobile type ‘lbo’ and send to 678 The All Share […]

Oct 28, 2008 (LBO) – Sri Lankan shares plunged Tuesday with heavy losses in some blue chips as investors sold on fears of worsening company profitability and the uncertainty keeping away buyers, brokers said. To receive instant alerts from LBO on your Dialog mobile type ‘lbo’ and send to 678 The All Share Price Index […]

Oct 24, 2008 (LBO) – The deep slide in Sri Lankan shares halted Friday with prices pulling back slightly but trading slumped to just 69.6 million rupees, brokers said. The Colombo bourse stood its ground, albeit on thin volumes, while Asian and Western markets plunged Friday. Bartleet Mallory Stockbrokers said there had been a net […]

Oct 23, 2008 (LBO) – The slide in Sri Lankan shares deepened Thursday with the indices dragged down by sharp falls in blue chips as brokers said foreign selling in recent days had confirmed fears of a sell-off and weakened sentiment. Sri Lanka Telecom fell 5.26 percent (two rupees) to 36 rupees with 100,700 shares […]