Tag: Stock Market

Jan 12, 2009 (LBO) – Sri Lanka’s dominant mobile firm Dialog Telekom sank below five rupees on the Colombo bourse Monday as India’s Bharti Airtel entered the market while cable companies fell sharply on news of copper hedging losses at one firm. To receive instant alerts from LBO on your Dialog mobile type ‘lbo’ and […]

Jan 09, 2009 (LBO) – Trading on Sri Lanka’s stock exchange virtually dried up Friday as turnover fell to a mere 18 million rupees and the market ending marginally weaker with Lanka Cement being the most actively traded stock, brokers said. To receive instant alerts from LBO on your Dialog mobile type ‘lbo’ and send […]

Jan 08, 2009 (LBO) – Sri Lankan shares ended marginally weaker Thursday in thin trade and sentiment remaining gloomy with active, albeit low volume, trading in Seylan Bank, the subject of takeover interest, brokers said. To receive instant alerts from LBO on your Dialog mobile type ‘lbo’ and send to 678 The All Share Price […]

Jan 07, 2009 (LBO) – Sri Lankan shares ended marginally firmer Wednesday with volumes falling even further and speculative trading in Lanka Cement which said it had resumed cement sales. To receive instant alerts from LBO on your Dialog mobile type ‘lbo’ and send to 678 The All Share Price Index edged up 0.04 percent […]

Jan 06, 2009 (LBO) – Sri Lankan shares ended weaker Tuesday in thin trade, ignoring more military gains against Tamil Tiger rebels, brokers said.Ceylinco Insurance closed up 8.57 percent or 15 rupees at 190 rupees although share prices of most other listed members of the Ceylinco group weakened or remained flat. The Ceylinco Group has […]

Jan 05, 2009 (LBO) – Sri Lankan shares shed early gains to end 1.11 percent weaker Monday despite more military successes against Tamil Tiger rebels, with brokers saying the market is likely to remain quiet until investment funds return.The army made more gains Monday, seizing another town held by the rebels as they pushed deeper […]

Jan 02, 2008 (LBO) – Sri Lankan retail investors pushed the market up sharply in moderate trade Friday in anticipation government forces had captured the northern Tamil Tiger stronghold of Kilinochchi. Brokers said foreign investors might make use of the rally to sellout. Blue chip John Keells Holdings (JKH) contributed 25.7 million rupees to the […]

Dec 30, 2008 (LBO) – Sri Lankan stocks continued to weaken Tuesday but Seylan Bank shares shot up almost 29 percent on anticipation of a takeover after it was placed under a state-owned bank when depositors began withdrawing funds. The All Share Price Index eased 0.79 percent (11.85 points) to 1,484.53 while the Milanka lost […]

Dec 29, 2008 (LBO) – Sri Lankan stocks Monday opened the week with both indices down due to lack of buyers and steadily falling prices of blue chip stocks pulling trading volumes down, brokers said. The All Share Price Index dipped slightly by 0.65 percent (9.72 points) to close at 1,496.38 points while the more […]

Dec 24, 2008 (LBO) – Sri Lankan shares ended marginally higher Wednesday with heavy trading in John Keells Holdings boosting trading volumes, brokers said. To receive instant alerts from LBO on your Dialog mobile type ‘lbo’ and send to 678 The All Share Price Index ended slightly higher, up 0.33 percent (4.93 points) to close […]

Dec 23, 2008 (LBO) – Sri Lankan shares continued to weaken Tuesday with trading volumes staying near six-year lows and Ceylinco group firms showed mixed performance, with Ceylinco Insurance closing up, brokers said. To receive instant alerts from LBO on your Dialog mobile type ‘lbo’ and send to 678 The All Share Price Index eased […]

Dec 22, 2008 (LBO) – Sri Lankan shares fell Monday with trading volumes sinking to near six-year lows and most Ceylinco companies weakening after a report about a credit card scam in an unlisted group firm, but Seylan Bank bucked the trend, brokers said. Seylan Bank ended up one rupee at 18 rupees with 16,100 […]