Tag: Sri Lanka stocks

July 25, 2008 (LBO) – Sri Lankan stocks slumped Friday after a short-lived recovery with brokers saying fears that deteriorating economic conditions could erode company profits were likely to keep the market in the doldrums. The All Share Price Index closed down 0.58 percent (13.73 points) at 2,370.10 while the more liquid Milanka fell 1.19 […]

July 24, 2008 (LBO) – Sri Lankan stocks closed up for the second day Thursday after a long slide but thin turnover showed investors opted to stay out of the market owing to uncertainties about corporate earnings. The All Share Price Index closed up 0.86 percent (20.34 points) at 2,376.87 while the Milanka was up […]

July 23, 2008 (LBO) – Sri Lankan stocks closed up Wednesday, ending several days of losses, on thin turnover with brokers saying sentiment remained weak over worries high inflation and interest rates would hit corporate earnings. The All Share Price Index closed up 0.77 percent (17.90 points) at 2,356.53 while the more liquid Milanka gained […]

July 22, 2008 (LBO) – Sri Lankan shares slumped 1.76 percent Tuesday, dragged down by losses in heavyweights like John Keells Holdings (JKH), as investors digested the news about a court ruling against the conglomerate’s lucrative bunker business.Debutant Janashakthi Insurance fell further as did several index-heavy stocks. The All Share Price Index shed 41.94 points […]

July 16, 2008 (LBO) – Sri Lankan shares closed one percent lower Wednesday on losses in telco stocks and the John Keells Holdings conglomerate as sentiment remained weak, brokers said.The All Share Price Index closed down 25.08 points at 2,415.07 while the Milanka lost 1.85 percent (54.43 points) to close at 2,881.86. Turnover was 200 […]

July 15, 2008 (LBO) – Sri Lankan businessman Dhammika Perera sold his 26 percent stake in Lanka Ceramics to its parent firm Ceylon Theatres towards the end of trading on the Colombo bourse Tuesday. “We sold at 47 rupees a share. It was bought by the Ceylon Theatres group,” said Nimal Perera, Dhammika Perera’s investment […]

July 14, 2008 (LBO) – Sri Lankan share prices ended higher Monday with gains in heavyweight Sri Lanka Telecom and John Keells Holdings pushing up the indices.Brokers said a slight recovery anticipated this week would offer profit taking opportunities for investors who bought during the downturn. The All Share Price Index ended up 0.80 percent […]

July 11, 2008 (LBO) – Sri Lankan share prices ended higher Friday with a big deal between two banks pushing up turnover to over a billion rupees and indices rising on gains in Dialog Telekom and John Keels Holdings.There was some trading in plantations stocks although volumes were thin, he said. Updated The All Share […]

July 09, 2008 (LBO) – A slight recovery in the price of heavyweight Sri Lanka Telecom ended a lengthy slide in the Colombo stock market indices Wednesday but turnover was thin. Brokers said the negative sentiment was likely to continue with record inflation and high interest rates hurting consumers and companies alike. The All Share […]

July 08, 2008 (LBO) – Sri Lankan shares sank Tuesday with the indices dragged down by losses in heavyweight stocks as security fears added to investor concerns about deteriorating economic conditions, brokers said.The All Share Price Index lost 1.19 percent (28.67 points) to end at 2,372.50 while the more liquid Milanka was down 1.40 percent […]

July 04, 2008 (LBO) – The share price of Diesel and Motor Engineering (DIMO) dropped below 100 rupees Friday amidst investor concern that last month’s share buyback at 160 rupees would push up debt and trim profits. The overall market ended lower, continuing the weak trend as investors believe high inflation and interest rates could […]