Tag: lanka business online stocks

Aug 11, 2010 (LBO) – Sri Lankan stocks closed down Wednesday, as investors opted to take defensive positions on speculative shares despite Tuesday’s rally, while Environmental Resources Investments (ERI) group shares lost ground, brokers said. The All Share Price Index closed at 5,078. 64, down 0.28 percent (14.30 points) Wednesday, while the Milanka index of […]

Aug 10, 2010 (LBO) – Sri Lankan stocks rallied and closed sharply higher, bouncing back over the 5,000 points mark Tuesday, after plunging at the opening, brokers said. In a privately negotiated off-the-floor deal, Perpetual Capital bought 908,000 shares of Housing Development and Finance Corporation (a 14.03 percent stake) at 310.00 rupees per share. Institutional […]

Aug 09, 2010 (LBO) – Sri Lankan stocks continued to slide and fell below the 5,000 points mark Monday, on panic selling by retail investors unable to meet margin-calls, while heavy interest on Commercial Bank boosted turnover past a billion rupees, brokers said. Most high value blue chip stocks held their value despite the market […]

Aug 06, 2010 (LBO) – Sri Lankan stocks continued to slide Friday, as retail investors on borrowed funds continued selling to minimize losses, while a large private deal on Commercial Bank boosted turnover, brokers said. The All Share Price Index closed at 5,065.07, down 72.31 points, while the Milanka index of more liquid stocks slid […]

Aug 05, 2010 (LBO) – Sri Lankan stocks fell Thursday as investors backed-off after the market regulator slapped a 10 percent upward and downward price band on all listed securities, while PC House’s Initial Public Offer was oversubscribed, brokers said. The All Share Price Index closed at 5,137.38, down 77.46 points, while the Milanka index […]

Aug 04, 2010 (LBO) – Sri Lankan shares closed up Wednesday, from price gains on selected midcap and high value stocks, while a private deal on Asian Hotels and heavy retail interest on market debutant Odel, boosted turnover, brokers said. The All Share Price Index closed at 5,214.84 up 58.01 points, while the Milanka index […]

Aug 03, 2010 (LBO) – Sri Lankan stocks weakened Tuesday, interrupting a bull-run as the regulator suspended trading in several speculative shares that brokers said might hit market sentiment. The All Share Price Index closed at 5,148. 34 down 0.67 percent (34.51 points) while the more liquid Milanka index eased 0. 86 percent (50.87 points) […]

Aug 02, 2010 (LBO) – Sri Lankan shares continued last week’s bull-run Monday, as investors continued to buy despite some strategic profit taking, while large private deals on selected blue chips boosted turnover, brokers said. The All Share Price Index closed at 5,178. 47, up 17.29 points, while the more liquid Milanka index gained 0. […]

July 30, 2010 (LBO) – Bullish Sri Lankan investors drove stock prices higher in record territory Friday continuing a buying spree with large deals on Environmental Resources Investments (ERI) group boosting revenue, brokers said. The All Share Price Index closed at 5,161.18, up 42.08 points, while the more liquid Milanka index gained 0.85 percent (49.33 […]

July 29, 2010 (LBO) – Sri Lankan shares closed lower after hitting fresh highs in intra-day trade Thursday, as investors continued to buy amidst some profit taking, while retail investors chased after ‘penny’ stocks, brokers said. Hemas Holdings closed at 42.00 rupees, up 2.00 with 3.32 million shares traded, Aitken Spence closed flat at 1,900. […]

July 28, 2010 (LBO) – Sri Lankan shares closed at a new high Wednesday, up 2. 81 percent from price appreciation on high value and midcap stocks on low volume trading, brokers said. The All Share Price Index closed at 5,139.42, up 140.37 points, while the more liquid Milanka index rose 2. 70 percent (152.81 […]

July 27, 2010 (LBO) – Sri Lankan stocks hit a new high Tuesday, crossing 5,000 points for the first time before falling back as investors bought in anticipation of higher company earnings and foreign funds entering the market, brokers said. Company earnings are also improving with the improved business climate and lower interest rates and […]