Tag: Sri Lanka stocks

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 […]

Apr 08, 2009 (LBO) – Sri Lankan stocks closed flat Wednesday as early gains were eroded by late selling pressure on Sri Lanka Telecom (SLT) and Hatton National Bank (HNB) in low volume deals driven by retailers, brokers said. Analyst said companies engaged in construction related businesses will benefit from infrastructure projects expected to start […]

Apr 07, 2009 (LBO) – Sri Lankan shares closed up on Monday, driven by index-heavy Sri Lanka Telecom (SLT) which moved up on speculation of a possible sell-down of a government stake in it, brokers said. Diversified Hayleys gained 2.50 rupees to close at 89.50. Chevron Lubricants gained 2.75 rupees to close at 109.75. The […]

Apr 06, 2009 (LBO) – Sri Lankan shares edged up Monday supported by blue chip price increases in low volume trade, as small investors took tentative steps to invest in fundamentally strong stocks, brokers said.Mobile giant Dialog Telekom gained 10 cents to close at 4.90, while fixed line operator Sri Lankan Telecom gained 75 cents […]

Apr 02, 2009 (LBO) – Sri Lankan shares closed weaker Thursday dragged down by low volume transactions on Hatton National Bank (HNB) and Development Finance Corporation of Ceylon (DFCC), brokers said. Dialog Telekom, a subsidiary of Telekom Malaysia, closed flat at 4.80 rupees, while fixed-line giant Sri Lanka Telecom lost 25 cents to close at […]

April 01, 2009 (LBO) – Sri Lankan stocks edged higher on Wednesday boosted by speculative trading by small investors in Lanka Cement, which has a defunct plant in the north that is being eyed by foreign firms, brokers said. The All Share Price Index was up 0.10 percent (1.70 points) to end at 1,639.76 while […]

Mar 31, 2009 (LBO) – Sri Lankan shares closed down on Tuesday, dragged down by blue chips such as John Keells Holdings (JKH) and National Development Bank (NDB) on low volume trades despite inflation and interest rates coming down, brokers said. Dialog Telekom, a subsidiary of Telekom Malaysia, closed flat at 4.90 rupees. The All […]

Mar 30, 2009 (LBO) – Sri Lankan shares closed down Monday despite large crossings of Lighthouse Hotels Limited (LHL) which went through during the last minutes of trading at a premium, brokers said. The All Share Price Index was down 0.23 percent (3.85 points) to end at 1,644.59 while the more liquid Milanka slid 0.23 […]

March 27, 2009 (LBO) – Sri Lankan shares ended firmer Friday with the indices pushed up by gains in John Keells Holdings, Distilleries and also Seylan Bank, in which a controlling stake was offered for sale by the central bank, brokers said. To receive instant alerts from LBO on your Dialog mobile type ‘lbo’ and […]