Tag: lbo stocks

Nov 03, 2009 (LBO) – Sri Lankan stocks ended weaker Tuesday despite last week’s interest rate cuts and better company earnings with brokers saying investors remained wary because of external factors and political uncertainty. “Investors are adopting a wait-and-see attitude. At any other time earnings increases would have pushed up the market but that also […]

Oct 30, 2009 (LBO) – Sri Lanka stocks closed flat Friday, with retail buyers awaiting positive news on earnings and political developments, while selected financial stocks took a beating, brokers said.The All Share Index closed at 2,976.93 points down 0.23 points while the Milanka Index of more liquid stocks closed down 0.34 percent (11.30 points) […]

Oct 29, 2009 (LBO) – Sri Lankan shares closed down 0.9 percent Thursday as investors took defensive positions and opted to stay out of the market, while the banking and hotel sector stocks took a hit, brokers said. The All Share Index closed at 2,977.16 points down 28.56 points while the Milanka Index of more […]

Oct 28, 2009 (LBO) – Sri Lanka stocks closed up 0.2 percent, reversing a losing streak, with hotel stocks among the gainers, a day after the country’s president ordered a lending rate cut in state banks, brokers said. Commercial Bank closed at 179.75 up 0.50 while HNB fell 2.75 to close at 165.0 At Wednesday’s […]

Oct 27, 2009 (LBO) – Sri Lanka stocks closed lower for a second day Tuesday, falling 0.9 percent in a broad sell-off that saw while buyers were awaiting earnings reports, brokers said.The All Share Index closed at 2,989.05 points down 34.9 points while the Milanka Index of more liquid stocks closed down 1.19 percent (21.7 […]

Oct 26, 2009 (LBO) – Sri Lankan stocks closed down 1.0 percent Monday as buyers stayed in the sidelines, awaiting September quarter earnings season which has just begun, brokers said. The All Share Price Index closed down 1.07 percent (32.60 points) to end at 3,024.02, while the Milanka Index of more liquid stocks lost 1.01 […]

Oct 23, 2009 (LBO) – Sri Lankan stocks bounced backed strongly Friday, as retailer’s regained confidence to hold their investments and were upbeat on future company performance, but trading was low, brokers said. The All Share Price Index closed up 2.13 percent (63.75 points) to end at 3,056.62, while the Milaka Index of more liquid […]

Oct 22, 2009 (LBO) – Sri Lankan shares failed to hold onto morning gains Thursday as retailers with weak finances sold to meet margin calls, while some investors were seen taking profits from yesterday’s gains, brokers said. The All Share Price Index closed down 0.85 percent (25.73 points) to end at 2,992.87, while the Milanka […]

Oct 21, 2009 (LBO) – Sri Lankan shares made a strong recovery to edge back over 3,000 points in late afternoon trade Wednesday as panicky investors calmed down on news a US hedge fund whose founder faces fraud charges had claimed adequate liquidity, brokers said. Conglomerate John Keells Holdings recovered to close at 140.25 rupees, […]

Oct 20, 2009 (LBO) – Sri Lankan shares ended sharply lower Tuesday, sinking below 3,000 points, on panic selling on fears about losing market access to Europe and fraud charges against a US fund manager with stakes in the island’s firms. The All Share Price Index closed down 3.24 percent (99.74 points) to end at […]

Oct 19, 2009 (LBO) – Sri Lankan shares ended lower Monday on news of the arrest of a US hedge fund manager with big stakes in the island and uncertainty over a trade deal with the European Union, brokers said. The All Share Price Index closed down 1.56 percent (49.00 points) to end at 3,082.91, […]

Oct 17, 2009 (LBO) – Sri Lankan share closed down Friday as the market was taking a slow technical correction, while net foreign inflows had topped one billion rupees, brokers said. The All Share Price Index closed down 0.10 percent (3.22 points) to end at 3,131.91, while the Milanka Index of more liquid stocks gained […]