Tag: lbo stocks

Jan 21, 2009 (LBO) – Sri Lankan share prices fell almost five percent Wednesday with small investors not having the holding power to sustain the minor rally they had fired in recent days, brokers said.Prices of most shares fell Wednesday including plantations which had drawn investor interest after tea prices at the Colombo auctions recovered. […]

Jan 20, 2009 (LBO) – Sri Lankan small investors pushed up share prices again Tuesday, fired by military gains against Tamil Tiger rebels and lower interest rates but lack of fund buying meant the upswing might not last, brokers said. “Last week, when the central bank announced the rate cut, the very next day the […]

Jan 19, 2009 (LBO) – Sri Lankan shares rose almost across the board Monday in a minor rally driven by small investors speculating that military gains against Tamil Tiger rebels and lower interest rates might revive the economy, brokers said. To receive instant alerts from LBO on your Dialog mobile type ‘lbo’ and send to […]

Jan 16, 2008 (LBO) – Sri Lanka’s John Keells Holdings (JKH) closed the week up almost 30 percent at 66 rupees Friday after a media report that one of its largest shareholder would not divest any further, analyst said. “The market is not expecting good results, it depends on how much the market has absorbed […]

Jan 15, 2008 (LBO) – Sri Lanka stocks rallied 3.3 percent Thursday with punters bullish on plantation stocks and steep falls in the risk free interest rates over the week, dealers said. The Colombo All Share Index closed up 3.34 percent (52.62 points) at 1,628.87. The Milanka Index of liquid stocks closed up 4.94 percent […]

Jan 13, 2009 (LBO) – Sri Lankan shares rose almost across the board Tuesday with fresh interest in plantations although trading volumes remained modest, after a central bank rate cut and a recovery in tea prices, brokers said. Over 1.1 million shares of Malwatte Valley Plantations changed hands with the stock ending up a rupee […]

Jan 12, 2009 (LBO) – Sri Lanka’s dominant mobile firm Dialog Telekom sank below five rupees on the Colombo bourse Monday as India’s Bharti Airtel entered the market while cable companies fell sharply on news of copper hedging losses at one firm. To receive instant alerts from LBO on your Dialog mobile type ‘lbo’ and […]

Jan 09, 2009 (LBO) – Trading on Sri Lanka’s stock exchange virtually dried up Friday as turnover fell to a mere 18 million rupees and the market ending marginally weaker with Lanka Cement being the most actively traded stock, brokers said. To receive instant alerts from LBO on your Dialog mobile type ‘lbo’ and send […]

Jan 08, 2009 (LBO) – Sri Lankan shares ended marginally weaker Thursday in thin trade and sentiment remaining gloomy with active, albeit low volume, trading in Seylan Bank, the subject of takeover interest, brokers said. To receive instant alerts from LBO on your Dialog mobile type ‘lbo’ and send to 678 The All Share Price […]

Jan 07, 2009 (LBO) – Sri Lankan shares ended marginally firmer Wednesday with volumes falling even further and speculative trading in Lanka Cement which said it had resumed cement sales. To receive instant alerts from LBO on your Dialog mobile type ‘lbo’ and send to 678 The All Share Price Index edged up 0.04 percent […]

Jan 06, 2009 (LBO) – Sri Lankan shares ended weaker Tuesday in thin trade, ignoring more military gains against Tamil Tiger rebels, brokers said.Ceylinco Insurance closed up 8.57 percent or 15 rupees at 190 rupees although share prices of most other listed members of the Ceylinco group weakened or remained flat. The Ceylinco Group has […]

Jan 05, 2009 (LBO) – Sri Lankan shares shed early gains to end 1.11 percent weaker Monday despite more military successes against Tamil Tiger rebels, with brokers saying the market is likely to remain quiet until investment funds return.The army made more gains Monday, seizing another town held by the rebels as they pushed deeper […]