Tag: lanka business online stocks

Nov 23, 2011 (LBO) – Sri Lankan shares closed weaker again Wednesday with trading also drying up amid uncertainty about government policy towards investors despite mostly healthy quarterly earnings, brokers said. Some lands of listed plantations companies have also been taken over to be re-distributed among small farmers. The government also devalued the rupee by […]

Nov 22, 2011 (LBO) – Sri Lankan shares closed lower Tuesday with plantations stocks among the biggest losers after the government said in its 2012 budget it would seize estate lands lying unused, brokers said. The main All Share Price Index fell 0.96 percent (58.91 points) to 6,060.95, while the more liquid Milanka index fell […]

Nov 21, 2011 (LBO) – Sri Lankan shares closed lower Monday with the low turnover bolstered by trades in conglomerate John Keells Holdings, brokers said. The main All Share Price Index fell 0. 34 percent (20.66 points) to 6,119.86, while the more liquid Milanka index rose 0. 15 percent (7.91 points) to close at 5,357.45, […]

Nov 18, 2011 (LBO) – Sri Lankan shares ended higher for the second day running with turnover boosted by big chunks of a tile maker which changed hands at a premium, brokers said. Heavy trading in John Keells Holdings also bolstered turnover. It closed at 174.40 rupees, down 50 cents, with 1. 3 million shares […]

Nov 17, 2011 (LBO) – Sri Lankan shares ended higher Thursday after several days of losses with gains in most shares albeit in thin trading, brokers said. The main All Share Price Index rose 1.16 percent (69.68 points) to 6,092.56, while the more liquid Milanka index rose 2.72 percent (37.86 points) to close at 5,310.85, […]

Nov 16, 2011 (LBO) – Sri Lanka’s stocks extended losses falling 1.14 percent in thin trading Wednesday amid continuing negative sentiment over an expropriation law and margin sales, brokers said. Brokers said motor stocks were being sold due a hike in car taxes expected in the next budget, but some firms which had reported good […]

Nov 15, 2011 (LBO) – Sri Lanka stocks plunged 2.3 percent Tuesday to a 14-month low despite strong quarterly earnings amid low liquidity and an expropriation law casting a pall over sentiment, brokers said. Market participants were clearing margin accounts. “Punters are ignoring earnings,” an analyst said. “Of course they also ignored earnings when fundamentally […]

Nov 14, 2011 (LBO) – Sri Lankan shares tumbled Monday with a rating agency warning a new expropriation law could hurt the investment climate and a listed hotel saying all its shares were now owned by the state. The main All Share Price Index fell 1.47 percent (92.95 points) to 6,239.52, while the more liquid […]

Nov 11, 2011 (LBO) – Sri Lankan stocks closed firmer Friday but trading sank to a new recent low with uncertainty over a business expropriation law adding to the negative sentiment, brokers said. The main All Share Price Index rose 0.25 percent (15.60 points) to 6,332.47, while the more liquid Milanka index rose 0.31 percent […]

Nov 09, 2011 (LBO) – Sri Lankan stocks closed slightly weaker in thin trade Wednesday, falling steeply after opening and then recovering as buyers came in but the gains petering off towards the end, brokers said. The main All Share Price Index fell 0.08 percent (5.14 points) to 6,316.87, while the more liquid Milanka index […]

Nov 08, 2011 (LBO) – Sri Lanka stocks closed 1.3 percent lower Tuesday in thin trading amid a broad sell off and firms listed for expropriation in an upcoming bills also falling steeply, brokers said. Large cap, Dialog Axiata, a mobile firm fell 10 cents to 8. 00 rupees, Commercial Bank of Ceylon fell 1.00 […]

Nov 04, 2011 (LBO) – Sri Lanka stocks closed flat in thin trading Friday while sugar producer halted a capital raising, after it was listed in a bill to expropriate land in over three dozen private firms. The Colombo All Share Index closed up 0.14 percent at 6.406.5 points and the Milanka Index of liquid […]