Tag: lbo stocks

Apr 27, 2010 (LBO) – Sri Lankan stocks eased Tuesday, interrupting a near unbroken month-long rally, dragged down by a fall in banking stocks while the price of a plantations company with rubber shot up, brokers said. “Malwatte Valley Plantations rose significantly today given its close to 30 percent exposure to rubber,” said Tissera. Rubber […]

Apr 26, 2010 (LBO) – Sri Lankan stocks edged higher Monday as investors bought selected blue chips and midcap stocks, as well as rubber plantation shares seen as doing well with the rise in rubber prices, brokers said. The All Share Price Index closed at 4,136. 05, up 0.35 percent (14.41 points) while the more […]

Apr 23, 2010 (LBO) – Sri Lankan stocks climbed further Friday with hotels remaining a favourtie among investors anticipating higher company earnings with an economic recovery after the end of a war and global recession, brokers said. The All Share Price Index closed at 4,121. 64, up 1.08 percent (44.09 points) while the more liquid […]

Apr 22, 2010 (LBO) – Sri Lanka’s stock market edged higher in record territory Thursday with interest in hotels extending to banks and the finance sector amid high investor confidence, brokers said. The All Share Price Index closed at 4,077.55, up 0.96 percent (38.66 points) while the more liquid Milanka index rose 1.24 percent (57.30 […]

Apr 21, 2010 (LBO) – Sri Lankan stocks hit a new high Wednesday as institutional interest on index heavy banking stocks pushed the market up, while high retail interest in hotel stocks sent turnover past two billion rupees, brokers said. The All Share Price Index closed at 4,038. 89, up 16.52 points, while the Milanka […]

Apr 20, 2010 (LBO) – Sri Lanka’s stock market edged higher but saw some profit-taking Tuesday after hitting new highs the day before and trading was lower with interest on hotels and banks, brokers said. There were a few private, off-the-floor deals in banking and hotel stocks which pushed up the day’s trading turnover. John […]

Apr 19, 2010 (LBO) – Sri Lankan stocks shot through the 4,000-point mark on the benchmark index Monday, hitting a new high as investors returned after holidays, enthused by anticipated higher corporate earnings and political stability after an election, brokers said. To receive instant alerts from LBO on your Dialog mobile type ‘lbo’ and send […]

Apr 16, 2010 (LBO) – Sri Lankan stocks closed up Friday on price gains on mid- and small-cap stocks despite price drops in selected high value shares, while high institutional interest on John Keells Hotels pushed turnover past a billion rupees, brokers said. The All Share Price Index closed at 3,966.87, up 11.04 points, while […]

Apr 15, 2010 (LBO) – Sri Lankan stocks closed weaker Thursday, easing off record highs on thin volumes as investors took a break for the traditional New Year celebrations in a short trading week, brokers said. To receive instant alerts from LBO on your Dialog mobile type ‘lbo’ and send to 678 The All Share […]

Apr 12, 2010 (LBO) – Sri Lankan stocks closed firmer Monday with some large deals done while activity petered off towards the end of trading ahead of a long holiday this week although sentiment remained positive, brokers said. “Investors are placing buy orders but at lower levels compared to prevailing prices.” There were several large […]

Apr 08, 2010 (LBO) – Sri Lankan stocks continued to rally and closed at a new high Thursday, as investors bought hotels and selected high value shares despite a shorter trading day owing to general elections, brokers said. Colombo’s All Share Price Index closed at 3,939.62, up 30.01 points, while the Milanka index of more […]

Apr 07, 2010 (LBO) – Sri Lankan stocks hit a record high and passed 3,900 points Wednesday as institutional and high net-worth investors bought index-heavy, high-value shares, brokers said. Colombo’s All Share Price Index (ASPI) closed at 3,909.61, up 39.26 points, while the Milanka index of more liquid shares gained 1.26 percent (56.12 points) to […]