Tag: lbo stocks

May 04, 2009 (LBO) – Sri Lankan shares ended firmer Monday, lifted by investments from institutional investors taking a long-term view as the rupee remained becalmed around 120.00 – 120.10 against the dollar, brokers and dealers said. To receive instant alerts from LBO on your Dialog mobile type ‘lbo’ and send to 678 The All […]

Apr 30, 2009 (LBO) – Sri Lankan retail investors pushed up shares for the second straight day on thin volumes, while the rupee strengthened from around 120.50 in spot trade to 120.00/10 by mid-day, brokers and dealers said. The All Share Price Index of the Colombo stock gained 0.46 percent (8.36 points) to end at […]

Apr 29, 2009 (LBO) – Sri Lankan stocks rebounded across the board Wednesday, as investor sentiment improved, while the rupee remained steady against the greenback, dealers said.Conglomerate JKH has interests in transport, finance, property development, retail and food processing sectors. Mobile giant Dialog Telekom, subsidiary of Telekom Malaysia, closed flat at 5.25, while fixed line […]

Apr 27, 2009 (LBO) – Sri Lanka shares shed some of last week’s gains to close down across the board Monday due to profit taking, as the rupee remained steady against the dollar, brokers and traders said. Conglomerate John Keells Holdings, which has interests in transport, finance, property development, retail and food processing sectors, gained […]

Apr 24, 2009 (LBO) – Sri Lankan shares closed up 1.94 percent on military gains Friday, amid optimistic sentiment among local investors which pushed the market up 6.9 percent over the week, brokers said. Almost 1.5 million shares of Tokyo Cement non-voting shares changed hands at 10.25 foreign to local, in what seemed to be […]

April 23, 2009 (LBO) – Sri Lanka stocks rose across the board Thursday on mostly retail buying, with the main index up 1.82 percent, spurred by rate cuts but the rupee weakened below 120 against the dollar in the spot markets, dealers said. The rupee weakened to be quoted as low as 120.65/90 before recovering […]

Apr 22, 2009 (LBO) – Sri Lankan shares extended gains Wednesday as the military rescued more civilians trapped in a no-fire-zone in an offensive to crush the 25-year-old Tamil Tiger separatist rebellion, brokers said. The All Share Price Index of the Colombo stock exchange rose 1.35 percent (23.64 points) to end at 1,777.58 while the […]

Apr 21, 2009 (LBO) – Sri Lankan shares continued their positive run Tuesday, led by banking stocks with investors upbeat that the three-decade ethnic war would be soon over, brokers said. Foreign buying was at 25.7 million rupees, while foreign selling amounted to 95.4 million. Conglomerate John Keells Holdings, which has business interest in finance, […]

Apr 20, 2009 (LBO) – Sri Lankan shares rose across the board on Monday with investors upbeat over signs the ethnic war had reached its final stages, while the rupee hit a new low against the dollar, brokers and dealers said. Rebels leaders are believed to be hiding among the remaining civilians in the area […]

Apr 16, 2009 (LBO) – Sri Lankan stocks closed up Thursday in thin trading, with investors still to return in full strength to the market after a traditional New Year holiday season, brokers said. JKH extended its offer to buy out the remaining stake of its insurance subsidiary Union Assurance Limited. Dialog Telekom a subsidiary […]

Apr 15, 2009 (LBO) – Sri Lankan shares gained marginally on Wednesday in razor thin trade in selected blue chip shares with most investors still to return after traditional new year holidays earlier in the week, brokers said. The Sri Lanka rupee traded around 115.80/90 against the US dollar in wafer thin trading volumes in […]