Tag: Sri Lanka stocks

May 07, 2009 (LBO) – Sri Lankan shares closed flat Thursday but gained 2.86 percent during a short week propelled by institutional and high net worth investors, while the rupee strengthened against the US dollar amidst weak import demand, brokers and dealers said. The spot dollar was trading at 117. 00/25 levels by mid afternoon […]

May 06, 2009 (LBO) – Sri Lankan shares gained on Wednesday supported by institutional and high net worth interest on blue chip stocks, while the rupee gained against the US dollar mid weak import buying, dealers said.A parcel of 276,000 of Ceylon Tobacco Company changed hands at 116.00 rupees. CTC, a subsidiary of global tobacco […]

May 05, (2009) – Sri Lankan shares were boosted by heavy trading in high-value stocks with a foreign fund continuing to sell its stake in National Development Bank (NDB) while the rupee was stable at 119.90/120.10 during late afternoon trading, brokers and dealers said. A source close to the deal said fund manager Raj Rajaratnam’s […]

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 […]