Tag: lbo.lk
Sri Lanka stocks close down 0.6-pct: Low investor activity
Aug 31, 2015 (LBO) – Sri Lankan stocks closed down 0.59 percent on Monday with low investor activity and losses in the index heavy stocks, brokers said. The Colombo benchmark All Share Price Index closed down 43.58 points at 7,306.42 down 0.59 percent. S&P SL20 closed 23.72 points lower at 4,025.43 down 0.57 percent. “There […]
Sri Lanka stocks close up 1-pct: JKH gains
Aug 28, 2015 (LBO) – Sri Lankan stocks closed up 1.06 percent on Friday for the third consecutive session despite foreign selling as the bargain hunters dominated the market activities as index heavy stocks made gains, brokers said. The Colombo benchmark All Share Price Index closed up 89.08 points at 7,362.22 up 1.22 percent. S&P […]
Asian markets volatile; China extends losses, ASPI drops 1 pct
Aug 25, 2015 (LBO) – Asian share markets temporarily bounced back before heading into the red with Chinese stocks diving, a day after their worst plunge since 2007. China’s benchmark Shanghai Composite was down 7.9 percent on Tuesday, after falling 8.5 percent on Monday. The sell-off was driven by fears that China’s slowing growth might […]
Stocks close down 1.9-pct amid global market uncertainty
Aug 24, 2015 (LBO) – Sri Lankan stocks closed down 1.9 percent on Monday with index heavy stocks making losses and investors taking profits amid international market uncertainty, brokers said. Global markets took a beating on Monday after China’s Shanghai composite index tumbled 8.49 percent, erasing gains made so far this year. The London FTSE […]
Sri Lanka’s CHC Investment buys 31-pct stake in Taprobane Holdings
Aug 24, 2015 (LBO) – Sri Lanka’s C H C Investment has bought a 31 percent stake in the diversified Taprobane Holdings at 5.50 rupees, a statement said. Taprobane Securities said in a stock exchange filling that C H C Investment bought 310.8 million shares of Taprobane Holdings worth 1,709.4 million rupees. As per the […]
Sri Lanka stocks close flat after polls: 30 week high
Aug 19, 2015 (LBO) – Sri Lankan stocks closed flat on Wednesday after parliamentary elections results were announced with the ruling United National Party plegding to form a national government, brokers said. The Colombo benchmark All Share Price Index closed flat at 7,498.78 and the S&P SL20 closed 6.60 points higher at 4,164.31 up 0.16 […]
Sri Lanka’s construction industry lacks proper policy: official
Aug 19, 2015 (LBO) – Sri Lanka’s construction industry policy changes when governments change and this is a major concern facing the industry, a senior official said.“With changes of government we have found that projects awarded during the previous regime are suspended and the new government reviews all the projects,” Surath Wickramasinghe, President of the […]
‘s ruling UNP wins parliamentary election, eyes national government
Aug 18, 2015 (LBO) – Results of Sri Lanka’s parliamentary election shows the United National Party won enough seats to be the single-largest party in the 225-seat legislature.All eyes are now on how the party aims to move forward to secure a majority and fulfill its pledge to form a national government. The United National […]
Sri Lanka Business Chamber praises poll, congratulates UNF
Aug 18, 2015 (LBO) – Sri Lankans should calmly accept the final outcome of the election and demonstrate respect towards democratic ideals, the top business chamber said, praising its conduct as free and fair. “We sincerely hope that the winners as well as losers will accept the final outcome of this election, in a peaceful […]
Sri Lanka stocks close up 0.4 –pct; investors optimistic
Aug 17, 2015 (LBO) – Sri Lanka’s stocks closed up 0.40 percent on Monday, with investors enthusiastic about a more stable political situation in the Island with key parliamentary election in progress, brokers said. The Colombo benchmark All Share Price Index closed 29.79 points higher at 7,492.04 up 0.40 percent. The S&P SL20 closed 17.64 […]
Misuse of state property was considerably less compared to recent polls: Caffe
Aug 17, 2015 (LBO) – Sri Lanka’s general elections 2015 opened on Monday after a mostly peaceful pre-election period with some minor incidents, while elections laws are being better enforced, a polls monitoring group said.The Campaign for Free and Fair Elections (CaFFE), a polls monitoring group said misuse of state property was considerably less compared […]
Sri Lanka stocks close up 0.3 -pct: CSE trading will stop at mid day on 17 Aug
Aug 14, 2015 (LBO) – Sri Lanka’s stocks closed up 0.26 percent on Friday, with gains in the financial sector stocks ahead of the key Aug. 17 parliamentary election, brokers said. The Colombo benchmark All Share Price Index closed 19.59 points higher at 7,462.34 up 0.26 percent. The S&P SL20 closed 20.68 points higher at […]