Tag: lbo stocks

Dec 10, 2008 (LBO) – Sri Lankan shares ended slightly firmer Wednesday but on razor thin turnover with brokers saying the minor upturn after a long slide was likely to be short-lived. To receive instant alerts from LBO on your Dialog mobile type ‘lbo’ and send to 678 The All Share Price Index gained 1.31 […]

Dec 08, 2008 (LBO) – Sri Lankan shares Monday opened the week lower on very low trading volumes with Commercial Bank falling for the second day after it revealed a hefty exposure in a crude oil hedge deal. To receive instant alerts from LBO on your Dialog mobile type ‘lbo’ and send to 678 The […]

Dec 05, 2008 (LBO) – Sri Lankan shares headed down Friday on low trading volumes with Commercial Bank falling sharply after it revealed a sizeable exposure in an crude oil hedge deal whose payments have been suspended on a court order. To receive instant alerts from LBO on your Dialog mobile type ‘lbo’ and send […]

Dec 04, 2008 (LBO) – Sri Lankan shares sagged further Thursday as trading volumes slumped to a six-year low of 13 million rupees with high interest rates and uncertainty over future company earnings keeping investors away, brokers said. To receive instant alerts from LBO on your Dialog mobile type ‘lbo’ and send to 678 The […]

Dec 02, 2008 (LBO) – Sri Lankan shares weakened Tuesday with trading drying up and turnover slumping to a low of 33 million rupees, the lowest for four years, dealers said.Sri Lankan shares have been on a long slide owing to a slowing economy and poor company earnings amidst high inflation and interest rates. On […]

Dec 01, 2008 (LBO) – Sri Lankan shares resumed their downward march Monday after two days of marginal gains last week, with a large transaction in Ceylinco Insurance propping up trading volumes, brokers said.Corporate earnings in the last quarter are down while the crash in commodity prices and high inflation and interest rates are seen […]

Nov 28, 2008 (LBO) – Sri Lankan share prices ended slightly firmer Friday, with volumes pushed higher by large trades in Distilleries Company but concerns over company earnings still weighing on the market, brokers said. Tissera said the large transactions in Distilleries Company accounted for the bulk of the day’s trading volumes. Over 11.2 million […]

Nov 27, 2008 (LBO) – Sri Lankan share prices rose Thursday, breaking a long slide but brokers said the gains could be short-lived given the negative investor sentiment, poor company earnings outlook as well as rupee devaluation fears. To receive instant alerts from LBO on your Dialog mobile type ‘lbo’ and send to 678 The […]

Nov 26, 2008 (LBO) – The slide in Sri Lankan stocks picked up momentum slightly Wednesday, although volumes remained thin with the indices dragged down by losses in high value shares, brokers said. The market has also been affected by lower corporate profitability which is seen continuing given the current economic downturn. Fears of currency […]

Nov 25, 2008 (LBO) – Sri Lankan stocks sank further Tuesday on thin volumes with active trading in Dialog Telekom, a market heavyweight which recently posted its first quarterly loss. To receive instant alerts from LBO on your Dialog mobile type ‘lbo’ and send to 678 The All Share Price Index fell 1.81 percent (29.94 […]

Nov 24, 2008 (LBO) – Sri Lankan stocks began the week on a dreary note with the market continuing its downward march Monday on low trading volumes and brokers saying the bearish trend could continue.Liyanage said investors were also shifting funds from equities to debt, where returns are higher, but find they are stuck in […]

Nov 21, 2008 (LBO) – Sri Lankan stocks fell sharply Friday with a small net foreign inflow although trading volumes were low in what share market analysts described as a delayed reaction to the plunge in global markets yesterday. Chemical Industries (Colombo) with 14.2 million rupees, and Lanka Lubricants with 12.9 million rupees topped the […]