Tag: Stock Market

Oct 23, 2009 (LBO) – Sri Lankan stocks bounced backed strongly Friday, as retailer’s regained confidence to hold their investments and were upbeat on future company performance, but trading was low, brokers said. The All Share Price Index closed up 2.13 percent (63.75 points) to end at 3,056.62, while the Milaka Index of more liquid […]

Oct 22, 2009 (LBO) – Sri Lankan shares failed to hold onto morning gains Thursday as retailers with weak finances sold to meet margin calls, while some investors were seen taking profits from yesterday’s gains, brokers said. The All Share Price Index closed down 0.85 percent (25.73 points) to end at 2,992.87, while the Milanka […]

Oct 21, 2009 (LBO) – Sri Lankan shares made a strong recovery to edge back over 3,000 points in late afternoon trade Wednesday as panicky investors calmed down on news a US hedge fund whose founder faces fraud charges had claimed adequate liquidity, brokers said. Conglomerate John Keells Holdings recovered to close at 140.25 rupees, […]

Oct 20, 2009 (LBO) – Sri Lankan shares ended sharply lower Tuesday, sinking below 3,000 points, on panic selling on fears about losing market access to Europe and fraud charges against a US fund manager with stakes in the island’s firms. The All Share Price Index closed down 3.24 percent (99.74 points) to end at […]

Oct 19, 2009 (LBO) – Sri Lankan shares ended lower Monday on news of the arrest of a US hedge fund manager with big stakes in the island and uncertainty over a trade deal with the European Union, brokers said. The All Share Price Index closed down 1.56 percent (49.00 points) to end at 3,082.91, […]

Oct 17, 2009 (LBO) – Sri Lankan share closed down Friday as the market was taking a slow technical correction, while net foreign inflows had topped one billion rupees, brokers said. The All Share Price Index closed down 0.10 percent (3.22 points) to end at 3,131.91, while the Milanka Index of more liquid stocks gained […]

Oct 14, 2009 (LBO) – Sri Lankan stocks closed flat Wednesday as retail investors took profits from an overheating market, while banking stocks made further gains, brokers said. “With the activity improving the market depth has improved giving rise to higher liquidity levels which is an additional catalyst to foreign investors,” Samarasinghe said. Touchwood Investments […]

Oct 13, 2009 (LBO) – Sri Lankan shares closed up 0.2 percent Tuesday, supported by banks extending gains, while NAMAL Acuity Venture Fund, a mutual fund, ended lower after yesterday’s debut, brokers said.Touchwood Investments closed at 92.75 rupees, up 75 cents, and Lanka Cement closed at 32.25 rupees, down 25 cents. Dialog Telekom, a unit […]

Oct 12, 2009 (LBO) – Sri Lankan shares closed up Monday due to heavy price gains on index heavy counters Distilleries Company and Commercial Bank pushed market up, while first ever close-ended fund makes positive debut, brokers said. The All Share Price Index closed up 0.5 percent (15.95 points) to end at 3,131.29, while the […]

Oct 09, 2009 (LBO) – Sri Lankan shares fell Friday, as investors took profits on selected counters, brokers said. Hatton National Bank closed at 173.00 rupees, up 1.00, and Commercial Bank of Ceylon closed at 180.00 rupees, down 1.50. National Development Bank closed at 195.00 rupees, down 25 cents, and DFCC Bank closed at 153.00 […]

Oct 08, 2009 (LBO) – Sri Lankan shares closed flat Thursday as investors took profits on selected counters, while Hatton National Bank (HNB) and Lanka Cement dominated the day’s trade volumes, brokers said. The All Share Price Index closed up 0.02 percent (0.54 points) to end at 3,117.10 while the Milanka index of more liquid […]

Oct 07, 2009 (LBO) – Sri Lankan stocks ended a two-week bull-run Wednesday as retail investors took profits from a market that’s heading towards a correction, while John Keells Holdings (JKH) shares were heavily traded today, brokers said. The All Share Price Index closed down 0.35 percent (11.00 points) to end at 3,136.56 while the […]