Tag: lbo stocks

July 27, 2010 (LBO) – Sri Lankan stocks hit a new high Tuesday, crossing 5,000 points for the first time before falling back as investors bought in anticipation of higher company earnings and foreign funds entering the market, brokers said. Company earnings are also improving with the improved business climate and lower interest rates and […]

July 26, 2010 (LBO) – Sri Lankan stocks closed higher and passed the 4,900 point mark Monday, as investors continued their buying spree, while there was systematic profit taking on selected high value and midcap companies, brokers said. The All Share Price Index closed at 4,943.53, up 48.02 points, while the more liquid Milanka index […]

July 23, 2010 (LBO) – Sri Lankan stocks recovered Friday on price gains on selected blue chip and midcap stocks on low volume trading, while Hotel Reefcomber shares continued to fall after the Amaya Leisure sell-out, brokers said. The All Share Price Index closed at 4,895. 51, up 0.96 percents while the more liquid Milanka […]

July 22, 2010 (LBO) – Sri Lankan stocks closed lower Thursday as investors took profits from an overheating market, while nearly 44 percent of Hotel Reefcomber divested by Amaya Leisure was mostly picked up by retail investors, brokers said. The All Share Price Index closed at 4,849. 17, down 8.40 points while the more liquid […]

July 21, 2010 (LBO) – Sri Lankan stocks edged higher into record territory Wednesday with investor sentiment buoyed by improved company earnings and private deals in Hatton National Bank boosting trading turnover, brokers said. The All Share Price Index closed at 4,857.57, up 1.06 percent (51.14 points) while the more liquid Milanka index rose 0. […]

July 20, 2010 (LBO) – Sri Lankan stocks closed up passing the 4,800 point mark Tuesday with price gains across the board, while large deals on Dankotuwa Porcelain and John Keells Holdings (JKH) boosted turnover, brokers said. Dialog Axiata closed at 10.00 rupees, up 10.00 with 8.1 million shares traded, and Sri Lanka Telecom closed […]

July 19, 2010 (LBO) – Sri Lankan stocks closed up Monday, lifted by speculative buying mainly by retailers with brokers urging investors to be more careful and focus on fundamentals as company earnings were improving. Some sectors remained attractive like plantations, manufacturing, banks and finance, he said. Ceylon & Foreign Trades was the day’s highest […]

July 15, 2010 (LBO) – Sri Lankan stocks closed higher Thursday from price gains on manufacturing, hotel, hospital and banking shares, while retail investors continued to trade on speculative ‘penny’ stocks, brokers said. The All Share Price Index closed at 4,638.71, up 38.49 points, while the Milanka index of more liquid shares rose 0.99 percent […]

July 14, 2010 (LBO) – Sri Lanka stocks closed up Wednesday as investors re-entered the market looking for bargains, while ‘penny’ stocks continued to be actively traded despite wide price fluctuations, brokers said. Seylan Merchant Bank closed at 1.70 rupees, down 10 cents with over 11 million shares traded, while Piramal Glass of Ceylon closed […]

July 13, 2010 (LBO) – Sri Lankan shares closed up Tuesday as investor interest on midcap stocks pushed the market up, while high volume trading on John Keells Holdings (JKH) boosted turnover, brokers said. The All Share Price Index closed at 4,555.83, up 21.88 points, while the Milanka index of more liquid shares rose 0.63 […]

July 12, 2010 (LBO) – Sri Lankan stocks closed up Monday as midcap and index heavy stocks made gains, while keen investor interest on Lanka Hospitals pushed its share price by over 50 percent, brokers said. Conglomerates, Aitken Spence closed at 1,563.00 rupees, up 62.75 on thin trading volumes, Hayleys closed flat at 300. 00 […]

July 09, 2010 (LBO) – Sri Lankan stocks closed down Friday as investors took profits from Thursday’s gains, while low value shares continued to dominate market volumes, brokers said. The All Share Price Index closed at 4,505.69, down 15.71 points, while the Milanka index of more liquid shares dipped 0. 38 percent (19.22 points) to […]