Tag: lanka business online stocks

July 07, 2010 (LBO) – Sri Lankan stocks plunged 1.6 percent Wednesday as retail buyers sold out amid weak support institutional buyers and state funds stayed on the sidelines, brokers said. The All Share Price Index closed at 4,470.78, down 76.40 points, while the more liquid Milanka index dived 1.88 percent (96.62 points) to close […]

July 06, 2010 (LBO) – Sri Lankan shares closed down Tuesday as retailers took defensive positions to minimize losses, while price gains on selected blue chip and midcap shares stopped the market from falling further, brokers said. The All Share Price Index closed at 4,547.18, down 11.30 points, while the more liquid Milanka index fell […]

July 05, 2010 (LBO) – Sri Lankan stocks closed lower Monday as retailers took profit on banking stocks and penny stocks continued to be heavily traded brokers said. The All Share Price Index closed at 4,558.48, down 35.17 points, while the more liquid Milanka index fell 1.35 percent (70.53 points) to close at 5,140.28. Turnover […]

July 02, 2010 (LBO) – Sri Lankan stocks closed down Friday as profit- taking on selected high value shares pulled the market down, while retail investors continued to chase after ‘penny’ stocks, broker said. The All Share Price Index closed at 4,593.65, down 17.6 points, while the more liquid Milanka index fell 0.63 percent (38.4 […]

July 01, 2010 (LBO) – Sri Lankan stocks closed down Thursday as investors took a wait-and-see approach on high value shares that in recent weeks had significantly moved up in price, while retail investors were seen chasing after ‘penny’ stocks, broker said. The All Share Price Index closed at 4,601. 63, down 0.23 percent (10.83 […]

June 30, 2010 (LBO) – Sri Lankan shares closed flat Wednesday as investors took profits from high value stocks, especially banks and re-invested in midcap shares, while a state fund bought into Colombo Dockyard boosting turnover by 50 percent, brokers said. Index heavy Distilleries Company of Sri Lanka, an alcohol manufacturer, closed at 129. 25 […]

June 29, 2010 (LBO) – Sri Lankan shares closed up Tuesday as retailers got back into the market after last weeks profit taking, a troubled tableware firm which got a new investor extended gains, brokers said. The All Share Price Index closed at 4,616.09, up 0.91 percent (41.80 points) while the more liquid Milanka index […]

June 28, 2010 (LBO) – Sri Lankan stocks closed weaker Monday as investor ardour cooled off, with Dankotuwa Porcelain in demand after it struck a deal saving it from closure, brokers said. “While continuing to see value in select stocks, we feel some of the ‘over-bought’ shares could bring down the sentiment over the short-run. […]

June 24, 2010 (LBO) – Sri Lankan stocks closed up Thursday as gains in selected high value shares like Distilleries, Central Finance, Ceylon Tobacco and Sampath Bank pulled the market up, brokers said. The All Share Price Index closed at 4,601.55, up 10.38 points, while the Milanka index of more liquid stocks rose 0.54 percent […]

June 22, 2010 (LBO) – Sri Lankan stocks closed down Tuesday as retail investors took profits while penny stocks continued to be heavily traded, brokers said. The All Share Price Index closed at 4,634.73, down 23.95 points, while the Milanka index of more liquid stocks fell 0. 67 percent (35.95 points) to close at 5,303.81. […]

June 23, 2010 (LBO) – Sri Lankan stocks fell below 4,600 points Wednesday, as retail investors with weak holding capacity sold to minimize losses, while losses in selected index heavy shares also dragged down the market, brokers said. The All Share Price Index closed at 4,591. 17, down 43.56 points, while the Milanka index of […]

June 22, 2010 (LBO) – Sri Lankan stocks closed higher Tuesday as price gains on selected midcap and small value shares pushed the market up on low volume trading, while penny stocks continued to be heavily traded, brokers said. Commercial Bank closed at 194.50 rupees, up 25 cents, Hatton National Bank closed at 292.00m rupees, […]