Tag: CSE Daily

July 30, 2008 (LBO) – Sri Lankan stocks closed higher Wednesday driven up by gains in stocks with a heavy weighting on the indices and some renewed interest seen in plantations. But brokers said the upward momentum could be short-lived as economic conditions remained difficult given record inflation and high borrowing costs for companies. The […]

July 29, 2008 (LBO) – Sri Lankan stocks closed higher Tuesday with the Dubai construction firm that took control of Associated Motorways (AMW) yesterday continuing to buy into the stock, brokers said. Associated Electrical Corporation (AEC), the controlling shareholder of AMW which sold out, fell 4.83 percent or 77.25 rupees to 1,522.50. The All Share […]

July 28, 2008 (LBO) – Sri Lankan stocks closed higher Monday on gains in heavyweight stocks with the take over of Associated Motorways (AMW) by a Dubai construction firm driving turnover to 7.7 billion rupees. JKH, AEC and state funds which owned AWM stakes sold at a premium. “Any premium would be considered quite advantageous […]

July 25, 2008 (LBO) – Sri Lankan stocks slumped Friday after a short-lived recovery with brokers saying fears that deteriorating economic conditions could erode company profits were likely to keep the market in the doldrums. The All Share Price Index closed down 0.58 percent (13.73 points) at 2,370.10 while the more liquid Milanka fell 1.19 […]

July 24, 2008 (LBO) – Sri Lankan stocks closed up for the second day Thursday after a long slide but thin turnover showed investors opted to stay out of the market owing to uncertainties about corporate earnings. The All Share Price Index closed up 0.86 percent (20.34 points) at 2,376.87 while the Milanka was up […]

July 23, 2008 (LBO) – Sri Lankan stocks closed up Wednesday, ending several days of losses, on thin turnover with brokers saying sentiment remained weak over worries high inflation and interest rates would hit corporate earnings. The All Share Price Index closed up 0.77 percent (17.90 points) at 2,356.53 while the more liquid Milanka gained […]

July 22, 2008 (LBO) – Sri Lankan shares slumped 1.76 percent Tuesday, dragged down by losses in heavyweights like John Keells Holdings (JKH), as investors digested the news about a court ruling against the conglomerate’s lucrative bunker business.Debutant Janashakthi Insurance fell further as did several index-heavy stocks. The All Share Price Index shed 41.94 points […]

July 16, 2008 (LBO) – Sri Lankan shares closed one percent lower Wednesday on losses in telco stocks and the John Keells Holdings conglomerate as sentiment remained weak, brokers said.The All Share Price Index closed down 25.08 points at 2,415.07 while the Milanka lost 1.85 percent (54.43 points) to close at 2,881.86. Turnover was 200 […]

July 15, 2008 (LBO) – Sri Lankan businessman Dhammika Perera sold his 26 percent stake in Lanka Ceramics to its parent firm Ceylon Theatres towards the end of trading on the Colombo bourse Tuesday. “We sold at 47 rupees a share. It was bought by the Ceylon Theatres group,” said Nimal Perera, Dhammika Perera’s investment […]

July 14, 2008 (LBO) – Sri Lankan share prices ended higher Monday with gains in heavyweight Sri Lanka Telecom and John Keells Holdings pushing up the indices.Brokers said a slight recovery anticipated this week would offer profit taking opportunities for investors who bought during the downturn. The All Share Price Index ended up 0.80 percent […]

July 11, 2008 (LBO) – Sri Lankan share prices ended higher Friday with a big deal between two banks pushing up turnover to over a billion rupees and indices rising on gains in Dialog Telekom and John Keels Holdings.There was some trading in plantations stocks although volumes were thin, he said. Updated The All Share […]