Tag: lanka business online stocks

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 […]

Oct 22, 2008 (LBO) – Sri Lanka stocks closed 1.2 percent lower with index heavy stocks sliding , Wednesday on the back of a 2.2 percent fall a day earlier, while the sale of a strategic stake in a finance company went at a premium to market, dealers said. To recieve instant alerts from LBO […]

Oct 21, 2008 (LBO) – The slide in Sri Lankan shares deepened Tuesday with sharp falls in blue chips and trading volumes increasing, brokers said.Dialog Telekom closed flat at eight rupees Bartleet Mallory Stockbrokers said price losers significantly outdid price gainers by 118 to 11 in Tuesday’s trading. They said in their market report that […]

Oct 20, 2008 (LBO) – Sri Lankan shares fell over 1.5 percent Monday with large trades in blue chips as fears remained that foreign investors might sell and put their money in other markets that have fallen steeply, brokers said. To receive instant alerts from LBO on your Dialog mobile type ‘lbo’ and send to […]

Oct 17, 2008 (LBO) – Sri Lankan shares ended almost flat after fluctuating in thin trading Friday with petroleum retailer Lanka Indian Oil Corp (LIOC) drawing interest on weaker oil prices, brokers said. The stock ended down two percent (1.50 rupees) at 72.50 rupees with 589,500 shares traded. Dialog Telekom gained 25 cents to end […]

Oct 16, 2008 (LBO) – Sri Lankan shares slumped on low trading volumes Thursday after two days of gains with investors apparently unnerved by sharp falls in overseas markets and fears that an economic downturn could hit earnings.But fears that company earnings could get eroded by high inflation and interest rates and a slump in […]

Oct 15, 2008 (LBO) – Sri Lankan shares rose again Wednesday, regaining some ground lost in last week’s plunge but brokers said the recovery’s sustainability would depend on quarterly earnings. The Colombo bourse had fallen heavily last week, as other markets crashed. To receive instant alerts from LBO on your Dialog mobile type ‘lbo’ and […]

Oct 13, 2008 (LBO) – Sri Lankan shares rebounded Monday, lifted by blue chips, on a temporary recovery of confidence as global bailout plans saw overseas markets turning around, but trading remained thin, brokers said.Dialog Telekom rising 7.14 percent (50 cents) to 7.50 rupees while Sri Lanka Telecom went up 3.21 percent (1.25 rupees) to […]