Tag: Sri Lanka stocks

Feb 17, 2009 (LBO) – Sri Lankan shares ended weaker Tuesday but large trades in John Keells Holdings, Dialog Telekom and National Development Bank boosted turnover, although institutions were still inactive, brokers said. To receive instant alerts from LBO on your Dialog mobile type ‘lbo’ and send to 678 The All Share Price Index eased […]

Feb 16, 2009 (LBO) – Sri Lankan shares closed marginally up Monday driven by retail interest on the construction sector, as news of the war coming to a close highlighted the prospects of new development contracts, brokers said. He anticipated that the indices would try to consolidate at the present levels with investors hoping for […]

Feb 13, 2009 (LBO) – Sri Lankan shares barely budged Friday with the Lanka Indian Oil Corp., the local unit of Indian Oil, and forestry firm Touchwood among the most actively traded, brokers said. The All Share Price Index ended down 0.07 percent (1.25 points) at 1,748.14 while the more liquid Milanka gained 0.48 percent […]

Feb 12, 2009 (LBO) – Sri Lankan stocks closed down 0.7 percent with institutional investors still waiting in the sidelines awaiting lower interest rates, though some foreign buying was seen, brokers said. Aitkin Spence Hotels gained two rupees to close at 100.Touchwood Investment gained 1.25 rupees to close at 64.50. The Colombo All Share Price […]

Feb 11, 2009 (LBO) – Sri Lankan stocks had mixed fortunes on Wednesday as high value stocks like Bukit Darah and Carson Cumberbatch dragged the market down on low volume transactions while selected blue chips gained, brokers said. The All Share Price Index ended down 0.22 percent (3.95 points) at 1,761.93 while the more liquid […]

Feb 10, 2009 (LBO) – Sri Lankan stocks ended slightly up Tuesday with speculative trading on Lanka Cement by small investors, as high-net-worth and institutional investors stayed away owing to fears of poor company earnings, brokers said. The All Share Price Index ended up 0.21 percent (3.77 points) at 1,765.88 while the more liquid Milanka […]

Feb 06, 2009 (LBO) – Sri Lankan shares were barely changed Friday with the most actively traded stock being Lanka Cement, which has a defunct plant in the north that could be revived if the ethnic war ends, brokers said. To receive instant alerts from LBO on your Dialog mobile type ‘lbo’ and send to […]

Feb 05, 2009 (LBO) – Sri Lankan shares slumped Thursday, dragged down by losses in blue chips with trading likely to remain choppy as investors take advantage of market upturns to book profits, brokers said. Brokers said that although military gains against the Tigers could end the war and restore economic stability, the global slowdown […]

Feb 03, 2009 (LBO) – Sri Lankan shares were dragged down again Tuesday by losses in index heavy stocks with earnings that companies have begun to report for the December quarter being mostly poor as anticipated, brokers said. To receive instant alerts from LBO on your Dialog mobile type ‘lbo’ and send to 678 The […]

Feb 02, 2009 (LBO) – Sri Lankan shares were dragged down Monday by losses in heavyweights over earnings concerns with Lanka Cement the most actively traded stock in anticipation of a revival in construction activity, brokers said.Commercial Bank fell 2.62 percent (2.50 rupees) to 93 rupees with investors remaining worried over suspended oil hedge payments […]

Jan 30, 2009 (LBO) – Sri Lanka shares closed down 0.75 percent Friday, dragged down by worse-than-expected third quarter earnings of index heavy John Keells Holdings (JKH), dealer said. Foreign investors bought 27.3 million rupees with shares, and sold 85.4 million rupees worth shares, resulting in net sales of 58.1 million rupees. The All Share […]

Jan 29, 2009 (LBO) – Sri Lanka stocks closed up 1.25 percent Thursday driven by renewed retail confidence on expectations of a quick end to the military conflict in the north, brokers said.Foreign buying was at 13.80 million rupees, while foreign selling was at 24.57 million rupees. The military said they found abandoned Tamil Tiger […]