Tag: Stock Market

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 […]

July 03, 2008 (LBO) – Sri Lankan shares sank again Thursday with large trades in John Keells Holdings boosting turnover, brokers said.The All Share Price Index fell 0.55 percent (13.29 points) to end at 2,420.06 while the more liquid Milanka was down 1.11 percent (32.59 points) to 2,913.77. Turnover was 530 million rupees. “Foreigners were […]

July 02, 2008 (LBO) – Sri Lankan shares continued their slide Wednesday with investor nervousness about a forthcoming anniversary of anti-Tamil riots that sparked the ethnic war adding to concerns over high inflation and interest rates, brokers said.The All Share Price Index fell 0.27 percent (6.61 points) to end at 2,433.35 while the more liquid […]

July 01, 2008 (LBO) – Sri Lankan shares sagged further Tuesday as investors remained cautious because of deteriorating economic conditions and uncertainty caused by the ethnic war. The All Share Price Index fell 0.73 percent (17.88 points) to end at 2,439.96 while the more liquid Milanka was down 1.23 percent (36.63 points) to 2,952.15. Turnover […]

June 30, 2008 (LBO) – Sri Lanka’s shares ended weaker Monday with Diesel & Motor Engineering (DIMO) and Vallibel Power Erathna being among the most actively traded stocks, brokers said. The all share price index fell 0.51 percent (12.59 points) to 2,457.84 while the more liquid Milanka price index was down 0.40 percent (12.05 points) […]

June 27, 2008 (LBO) – Sri Lankan stocks ended weaker Friday with the market failing to sustain the momentum generated by businessman Dammika Perera’s share deals in which he sold his power firm and became the single largest shareholder of Hayleys.The all share price index fell 0.35 percent (8.78 points) to 2,470.43 while the more […]

June 26, 2008 (LBO) – Sri Lanka stocks closed flat Thursday with foreign transactions in conglomerates helping to prop up turnover, brokers said. The overall market was barely changed with the All Share Price Index down 0.03 percent (0.71 points) to end at 2,479.21 while the more liquid Milanka edged up 0.33 percent (9.95 points) […]

June 25, 2008 (LBO) – Sri Lanka stocks closed flat Wednesday with Dhammika Perera’s Vallibel group buying more Hayleys shares and further increasing their stake in the conglomerate to 14.74 percent, brokers said. The overall market was barely changed with the All Share Price Index down 0.06 percent (1.41 points) to end at 2,479.92 while […]

June 24, 2008 (LBO) – Sri Lanka’s Vallibel group controlled by businessman Dhammika Perera bought another chunk of Hayleys Tuesday, raising its stake in the conglomerate to over 11 percent. “Today we crossed the 10 percent mark,” Dhammika Perera’s investment advisor Nimal Perera told LBO.“Now we have 11.09 percent of Hayleys.” He said they bought […]

June 23, 2008 (LBO) – Sri Lanka stocks Monday edged up again on the back of Friday’s gains propelled by heavy trading in Vallibel Power Erathna, which announced a takeover deal, and trading in Dialog Telekom and Hayleys. Brokers said retail activity might pick up this week as investors may be more liquid with Sri […]