Tag: lbo stocks

Dec 12, 2011 (LBO) – Sri Lanka’s stocks slipped 0.5 percent, with illiquid stocks losing further ground in thin trade, but more fundamentally strong stocks saw some support, brokers said. One million shares of Distilleries traded with the stock closing at 149.10 down 90 cents. In forex markets the rupee continued to be defended at […]

Dec 09, 2011 (LBO) – Sri Lankan stocks closed weaker Friday, sinking below the 6,000 point mark in thin trade with an investor continuing to accumulate shares of Distilleries Company, brokers said. The main All Share Price Index fell 0.51 percent (30.75 points) to 5,996.44, while the more liquid Milanka index fell 0.34 percent (17.85 […]

Dec 08, 2011 (LBO) – Sri Lankan closed slightly weakener Thursday, staying just above the 6,000 point mark in thin trade, with prices of two firms which revealed fraud falling sharply, brokers said. There was a crossing or off-market private deal of 458,040 shares of Distilleries Company at 150 rupees each, the price at which […]

Dec 07, 2011 (LBO) – Sri Lankan closed higher Wednesday, swinging back over the 6,000 point mark although trading was thin, brokers said. Orient Garments was the most actively traded stock, accounting for the second highes turnover and closing at 36. 80 rupees, down 3.50, with 2.77 million shares done. It hit a day’s high […]

Dec 06, 2011 (LBO) – Sri Lankan stocks closed almost stagnant Tuesday, after breaching the 6,000 point mark the day before, with trading also thin, brokers said. The main All Share Price Index fell 0.12 percent (7.27 points) to 5,988.65, while the more liquid Milanka index was stagnant, edging up 0.01 percent (0.44 points) to […]

Dec 05, 201 (LBO) – Sri Lanka’s stocks closed 1. 5 percent lower Monday amid foreign selling in some large cap stocks brokers said, as staff at the securities watchdog bid farewell to its chairperson. John Keells Holdings fell 6.10 to close at 162.10 rupees with 4.5 million shares traded and Hatton National Bank fell […]

Dec 02, 2011 (LBO) – Sri Lankan stocks closed lower Friday, losing most of Thursday’s gains with some profit-taking seen, brokers said. Share prices have been gyrating in recent days as influential investors and stock brokers sought government intervention to prop up the market by forcing out regulators who probed insider dealing and fraud and […]

Dec 01, 2011 (LBO) – Sri Lankan stocks closed higher Thursday with turnover pushed up by a bank deal amid news that the chairperson of the regulatory body was quitting just weeks after powerful investors forced out its director general. The main All Share Price Index rose 0.94 percent (57.27 points) to 6,144.67, while the […]

Nov 30, 2011 (LBO) – Sri Lanka’s stocks closed 1.1 percent up on speculation that the regulator may relax credit rule following a meeting with brokers with President Mahinda Rajapaksa earlier in the week. Brokers had also been warned that excessive credit can fire asset price bubbles. The regulator slapped credit curbs and the height […]

Nov 29, 2011 (LBO) – Sri Lanka’s main share index closed slightly weaker Tuesday after a morning rally on the back of Monday’s surge in prices lost steam on profit-taking, brokers said. The main All Share Price Index fell 0.04 percent (2.16 points) to 6,020.08, while the more liquid Milanka index rose 0.26 percent (13.39 […]

Nov 28, 2011 (LBO) – Sri Lankan shares closed sharply higher Monday with the main index jumping back over 6,000 points on optimism a meeting between stockbrokers and President Mahinda Rajapaksa could yield a relaxation of credit rules and price restrictions. Environmental Resources Investments warrants W0003 were the highest gainer of the day, closing at […]

Nov 25, 2011 (LBO) – Sri Lankan shares fell further Friday, following Thursday’s crash below the 6,000 point mark, with a trading halt caused by an error trade jolting investors already unnerved by uncertainty and margin calls, brokers said. The main All Share Price Index fell 1.04 percent (60.99 points) to 5,805.76, while the more […]