Tag: lbo stocks

May 14, 2010 (LBO) – Sri Lankan shares closed higher Friday as investors continued to bet on midcap stocks with keen interest on hotel sector shares, while price gains on selected high value shares pushed Milanka index up, brokers said. The All Share Price Index closed at 4,252.44, up 0.23 percent (9.77 points) while the […]

May 13, 2010 (LBO) – Sri Lankan shares closed higher Thursday as retail investors bet on selected midcap stocks expecting the market to regain momentum in the coming weeks, brokers said. The All Share Price Index closed at 4,242.67, up 0.31 percent (13.27 points) while the Milanka index of more liquid stocks rose 0.68 percent […]

May 12, 2010 (LBO) – Sri Lankan shares closed higher Wednesday as retailers booked profits and re-invested in small-cap companies or ‘penny stocks’ as cheap shares are known, while Nawaloka and Galadari Hotel shares were heavily traded, brokers said. Commercial Bank of Ceylon closed flat at 242. 00 rupees, Hatton National Bank closed at 233.00 […]

May 11, 2010 (LBO) – Sri Lankan stocks closed flat Tuesday with the market around all-time high levels and investors searching for shares with low prices compared with earnings, brokers said. The All Share Price Index closed at 4,215. 22, down 0.16 percent (6.82 points) while the more liquid Milanka index rose 0.02 percent (0.83 […]

May 10, 2010 (LBO) – Sri Lankan shares closed flat Monday as gains on small and midcap shares were offset by price drops on selected high value stocks, while Dialog Telekom shares rose after it returned to profitability, brokers said. The All Share Price Index closed at 4,222.04, down 0.03 percent (1.09 points), while the […]

May 07, 2010 (LBO) – Sri Lankan stocks closed almost flat Friday with Nawaloka Hospitals heavy traded after it sold a stake in a debt-ridden hotel, and better March quarter earnings boosting investor sentiment, brokers said. The All Share Price Index closed at 4,223.13, up 0.08 percent (3.53 points) while the more liquid Milanka index […]

May 6, 2010 (LBO) – Sri Lankan shares closed flat Thursday as price drops on selected high value shares were compensated by price gains on small and midcap stocks, brokers said. This created a buying spree from retail investors who expect Nawaloka Hospitals financials to improve in coming quarters, brokers said. In a privately negotiated […]

May 05, 2010 (LBO) – Sri Lankan stocks closed 0.34 percent higher Wednesday as investors scrambled for Nawaloka Hospitals shares after it sold a large stake of Galadari Hotel which had hurt the hospital group’s balance sheet earlier, brokers said. The All Share Price Index closed at 4,219. 76, up 14.25 points while the Milanka […]

May 04, 2010 (LBO) – Sri Lankan stocks closed down Tuesday as retail investors took profits ahead of a possible short term correction, while Horana Plantations, Nawaloka Hospitals and debutant Vallibel Finance were heavily traded, brokers said. Nawaloka Hospitals closed at 5. 50 rupees, up 60 cents with over 25 million shares traded, brokers said. […]

May 03, 2010 (LBO) – Sri Lankan stocks passed 4,200 points Monday as price gains on selected high values shares pushed the market up, while Janashakthi Insurance and Commercial Bank trades helped turnover pass 3. 0 billion rupees, brokers said. Commercial Bank closed at 239.75 rupees, up 25 cents with 5.0 million shares traded, Hatton […]

Apr 30, 2010 (LBO) – Sri Lankan stocks closed higher Friday as a few high value banking stocks pushed the market up, while some retail investors took profits on selected hotel and plantation shares on a shortened trading day, brokers said. Hotel Sigiriya closed at 60.75 rupees, down 2.25, Kandy Hotels Company 150.00 rupees, down […]

Apr 29, 2010 (LBO) – Sri Lankan stocks recovered Thursday with widespread buying and a big chunk of shares in property firm Overseas Realty changing hands amid expecations of a real estate recovery, brokers said. The All Share Price Index closed at 4,155. 00, up 0.50 percent (20.54 points) while the more liquid Milanka index […]