Tag: Sri Lanka stocks

May 27, 2009 (LBO) – Sri Lankan shares ended firmer Wednesday with investors keen on blue chips, hotels and banks, encouraged by the end of the ethnic war that could see an economic revival, brokers said. To receive instant alerts from LBO on your Dialog mobile type ‘lbo’ and send to 678 The All Share […]

May 26, 2009 (LBO) – Sri Lankan stocks ended up Tuesday, as investors were bullish on blue chips and hotel stocks, while the rupee was flat against the greenback and traded at 114.90/95 levels, broker and traders said. Dialog Telekom, Sri Lanka’s largest celco is a fully owned subsidiary of Telekom Malaysia. Development Finance Corporation […]

May 25, 2009 (LBO) – Sri Lankan shares Monday shed some of the gains of last week’s bull-run owing to profit taking and concern over poor corporate results, while the rupee remained rock-steady against the dollar, brokers and dealers said.Sri Lanka’s largest privately held bank, Commercial Bank of Ceylon lost 1.50 rupees to close at […]

May 22, 2009 (LBO) – Sri Lankan shares were subdued on profit taking Friday after this week’s bull-run following the government’s victory in the war against Tamil Tiger rebels while the rupee remained stable against the greenback, brokers and dealers said. The spot dollar remained around 114.90/115.10 levels by late afternoon trade after strengthening against […]

May 21, 2009 (LBO) – Sri Lankan shares surged Thursday led by blue chips as investors ignored a crop of weak quarterly results to focus on future earnings with the end of the decades-old war, brokers said. Hatangala said he expects the upbeat mood to prevail, now that the conflict that acted as a drag […]

May 19, 2009 (LBO) – Sri Lankan shares ended marginally up Tuesday, recovering from early losses on confirmation that Tamil Tiger leader Velupillai Prabhakaran was dead, while the rupee remained stable against the greenback, brokers and dealers said. The government later announced that a DNA (Deoxyribonucleic Acid) test had confirmed the slain Tiger leader’s identity […]

May 18, 2009 (LBO) – Sri Lankan shares went up across the board Monday on news that the Liberation Tigers of Tamil Ealam (LTTE) leader Velupillai Prabhakaran and his top lieutenants were killed by the security forces, brokers said. However, the new international head of the LTTE, Selvarasa Pathmanathan also known as ‘KP’ remains at […]

May 15, 2009 (LBO) – Sri Lankan shares went up across-the-board Friday on news the war would end in the next few days, while 26.83 percent of Asia Capital shares changed hands in a local to foreign deal, broker said. The All Share Price Index of the Colombo stock exchange rose 1.23 percent (23.25 points) […]

May 14, 2009 (LBO) – Sri Lankan shares recovered Thursday while the rupee opened at 117.70/90 against the dollar and remained at the same levels by late afternoon trade, brokers and dealers said. In the stock market the All Share Price Index closed up 0.75 percent (13.97 points) to end at 1,884.42 while the Milanka […]

May 13, 2009 (LBO) – Sri Lankan shares weakened Wednesday, as retail investors took defensive positions, while the rupee lost ground against the dollar on fears an International Monetary Fund bailout might get delayed, brokers and dealers said. The rupee opened at 117.50/117.70 and fell to 117.60/117.90 levels by late afternoon trade, dealers said. At […]

May 12, 2009 (LBO) – Sri Lankan shares came down Tuesday on fears that a 1.9 billion dollar International Monetary Fund bailout was delayed, while the rupee weakened against the dollar, brokers and dealers said. The rupee opened at 117.05/117.25 and fell to 117.25/0117.45 levels by late afternoon trade. In the stock market the All […]

May 11, 2009 (LBO) – Profit taking helped to subdue gains in Sri Lankan stocks Monday while the rupee continued to hold against the dollar, traders and brokers said. The rupee opened the day at 116.70/117.00 levels and strengthened to 116.50/70 levels by mid afternoon but weakened by late afternoon to trade at 117.00/117.10, dealers […]