Tag: lanka business online stocks

June 08, 2009 (LBO) – Sri Lankan stocks gained Monday as investors regained their confidence after last week’s court order to reverse the 2003 privatization of Sri Lanka Insurance Corporation (SLIC) to the Distilleries Group, brokers said. The spot dollar remained unchanged at 114.90/95 levels in late afternoon trade, dealers said. The Colombo All Share […]

June 05, 2009 (LBO) – Sri Lankan stocks Friday recovered from Thursday’s losses but still managed lose 1.71 percent during the week due to profit taking, mainly by foreign investors, brokers said. The spot dollar remained unchanged at 114.90/95 levels in late afternoon trade, dealers said. Dealers said the money market was dull this week […]

June 04, 2009 (LBO) – Sri Lankan shares dived on Thursday after courts reversed the privatization of an insurer controlled by a listed firm, saying it was illegal, while the rupee held steady against the greenback. The spot dollar was trading at 114.90/95 levels in late afternoon trade, dealers said. Distilleries Company of Sri Lanka […]

June 03, 2009 (LBO) – Sri Lankan stocks close flat on Wednesday as the market stabilized at current price levels, while the rupee continued to be steady against the greenback, brokers and dealers said. The spot dollar was trading at 114.85/114.95 levels in late afternoon trade, dealers said. The Colombo All Share Price Index was […]

June 02, 2009 (LBO) – Sri Lankan stocks fell 1.1 percent Tuesday as investors took a breathe, halting a two-week bull run, while the rupee remained firmly fixed to the greenback, brokers and dealers said. The spot dollar was trading at 114.80/90 in late afternoon trade, after expansionary central bank interventions ended, dealers said. The […]

June 01, 2009 (LBO) – Sri Lankan shares ended weaker Monday as investors took profits after last week’s sharp rise on euphoria that followed a military victory over the Tamil Tigers, brokers said. To receive instant alerts from LBO on your Dialog mobile type ‘lbo’ and send to 678 The All Share Price Index fell […]

May 29, 2009 (LBO) – Sri Lankan shares made slight gains Friday as investors were concentrating more on solid small and mid cap stocks, while the rupee was rock steady against greenback, brokers and dealers said. The spot dollar was trading at 114.90/115.00 levels in late evening trade, dealers said. The Colombo All Share Price […]

May 28, 2009 (LBO) – Sri Lankan closed up 2.3 percent as the market reacted positively to a vote in favour Sri Lanka’s government at a UN human rights body, brokers said. “Investors were optimistic about the future potential of the economy because confidence levels are also high,” said Balasuriya. Sri Lanka’s largest privately held […]

May 27, 2009 (LBO) – Sri Lankan shares ended firmer Wednesday with investors keen on blue chips, hotels and banks, encouraged by the end of the ethnic war that could see an economic revival, brokers said. To receive instant alerts from LBO on your Dialog mobile type ‘lbo’ and send to 678 The All Share […]

May 26, 2009 (LBO) – Sri Lankan stocks ended up Tuesday, as investors were bullish on blue chips and hotel stocks, while the rupee was flat against the greenback and traded at 114.90/95 levels, broker and traders said. Dialog Telekom, Sri Lanka’s largest celco is a fully owned subsidiary of Telekom Malaysia. Development Finance Corporation […]

May 25, 2009 (LBO) – Sri Lankan shares Monday shed some of the gains of last week’s bull-run owing to profit taking and concern over poor corporate results, while the rupee remained rock-steady against the dollar, brokers and dealers said.Sri Lanka’s largest privately held bank, Commercial Bank of Ceylon lost 1.50 rupees to close at […]

May 22, 2009 (LBO) – Sri Lankan shares were subdued on profit taking Friday after this week’s bull-run following the government’s victory in the war against Tamil Tiger rebels while the rupee remained stable against the greenback, brokers and dealers said. The spot dollar remained around 114.90/115.10 levels by late afternoon trade after strengthening against […]