Tag: CSE Daily

June 11, 2010 (LBO) – Sri Lankan stocks rose to new highs Friday, passing the 4,500 points mark as institutional investors bought blue chips while retailers took profit from over-priced shares and re-invested in cheaper ones, brokers said. The All Share Price Index (ASPI) closed at 4,561.33, up 65.09 points, while the Milanka index of […]

June 10, 2010 (LBO) – Sri Lankan stocks closed up Thursday from institutional and high net worth interest on selected high value and midcap shares, while retail investors continued to chase after midcap and ‘penny stocks’, brokers said. The All Share Price Index (ASPI) closed at 4,496. 24, up 31.83 points, while the Milanka index […]

June 09, 2010 (LBO) – Sri Lankan stocks recovered Wednesday with gains in banks pushing the market up and retail investors seen chasing midcap and ‘penny stocks’ with heavy speculative trading on Ceylon Leather Products, brokers said. The All Share Price Index closed at 4,464.41, up 37.14 points, while the Milanka index of more liquid […]

June 08, 2010 (LBO) – Sri Lankan stocks closed almost flat Tuesday as investors took profits from selected shares seen as over-priced and re-invested in those with potential for short-term gains, while foreign investors were net sellers, brokers said. The All Share Price Index closed at 4,427.27, down 4.05 points, while the Milanka index of […]

June 07, 2010 (LBO) – Sri Lankan stocks closed higher Monday with strong buying by retail investors pushing up blue chips and ‘mid-cap’ stocks and sending the Milanka index across the 5,000 point mark, brokers said. The All Share Price Index closed at 4,431. 32, up 1.77 percent (77.12 points) while the more liquid Milanka […]

June 04, 2010 (LBO) – Sri Lankan stocks closed at a new high Friday, boosted by gains on index heavy shares, with Nations Trust Bank (NTB) and Pan Asia Banking Corporation (PABC) shares were heavily traded, brokers said. Aitken Spence closed at 1,555.00 rupees, up 3.25, Hayleys closed at 300.00 rupees, down 75 cents, Hemas […]

June 03, 2010 (LBO) – Sri Lankan stocks closed at a new high Thursday, boosted by gains in financial sector shares while the Furkhan family sold remaining stakes in Confifi Hotels to Lanka Orix Leasing Company (LOLC), brokers said. The All Share Price Index (ASPI) closed at 4,332.29, up 31.90 points, while the Milanka index […]

June 02, 2010 (LBO) – Sri Lankan stocks closed higher Wednesday, with a big stake in Commercial Bank being sold to a foreign buyer and speculation high effective tax on banks could be cut following an import duty reduction, brokers said. Charith Kamaladasa of Lanka Securities said the foreign buying into Commercial Bank was “positive […]

June 01, 2010 (LBO) – Sri Lankan stocks recovered Tuesday, as investors bought motor and consumer products firms on news of import tax cuts on vehicles and electronic goods, despite some retail profit-taking on selected stocks, brokers said. Shares of Autodrome closed at 570, up 35.25 or seven percent. Singer Sri Lanka closed at 95.25, […]

May 31, 2010 (LBO) – Sri Lankan stocks closed lower Monday, with trade driven by retail investors and foreigners largely staying out of the becalmed market, brokers said. The All Share Price Index closed at 4,237.16, down 0.33 percent (13.83 points) while the more liquid Milanka index fell 0. 08 percent (3.95 points) to close […]

May 26, 2010 (LBO) – Sri Lankan stocks closed higher Wednesday helped by midcap and penny stocks, while Confifi Hotels stocks shot up 46.5 percent amidst low volume trading in take-over play, brokers said. Asia Capital, an investment bank with stock brokering licenses closed at 33.00 rupees, up 2.00, Ceylon Hospitals closed at 75. 75 […]

May 25, 2010 (LBO) – Sri Lankan stocks closed down Tuesday as investors continued to take profits from an overheating market, while large privately negotiated deals on hotels and financial services shares boosted turnover, brokers said. The All Share Price Index closed at 4,226.49, down 6.43 points, while the Milanka index of more liquid stocks […]