Colombo bourse returned to the red territory today, after a two day mini rally, with the two indices losing over 75 points eachRead more... Add new comment
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StockBourse ends in red Colombo bourse returned to the red territory today, after a two day mini rally, with the two indices losing over 75 points eachRead more... Add new comment
Positive momentum continues The bourse continued its momentum from Friday and endured another encouraging day with several rallies witnessing on broad range of counters.
ASI increased by 67.42 points (+1.06%) to end at 6,424.36 while liquid MPI jumped by 58.9 points (+1.03%) to close at 5,733.76. Market turnover stood at Rs.949.4mn
Bourse dips further Uncertainties in the Colombo stock exchange further dipped the market into the negative territory today where risk appetite was seen at bay during trading.September tea output down 10.5% Sri Lanka's tea production fell in September for a sixth straight month due to adverse weather in high growing areas, the island nation's state-run tea board said on WednesdayBleak market Weak sentiments of the Colombo bourse further prevailed today as benchmark ASI further neared its strong support level at 6,250. ASI decreased by 40.8 points (-0.64%) to end at 6,347.72 while liquid MPI dipped by 27.47 points (-0.45%) to settle at 5,704.83. Market turnover was substantially low at Rs.687.1mn, the lowest recorded during the yearMarket drifts down further The Sri Lankan market drifted down further today triggered by high level of selling pressure. Moreover ASI is witnessing a steep fall to its major support level at 6,250 points reflecting a potential bounce back to the positive zone or another steep sell down. Interestingly, all the sectors in the bourse registered losses except for the telecommunication sectorNegative beginning Market opened for the week on negative note today with both benchmark indices recording substantial losses. ASI lost 92.40 index points (-1.41%) to close at 6,557.51 while more sensitive MPI lost 66.94 index points (-1.14%) to close at 5,811.39. Market turnover was Rs.978.2mn Navara Capital gets control of IDL The controlling stake of the Infrastructure Development Limited PLC (IDL), a company earlier controlled by high net worth investor Nahil Wijesuriya changed hands yesterday as 96 percent or 4.6 million shares traded in a single trade contributing Rs. 128 million to the day's turn overShariah-compliant trading platform on CSE Gaurdian Investment House (GIH) with Capital Trust Securities (Pvt) Ltd. (CTS), has designed a public trading platform that adheres to Shariah valuesRajaratnam to be sentenced today Sri Lankan born hedge fund tycoon Raj Rajaratnam, convicted in the biggest Wall Street insider-trading case in decades, will hear his punishment in court today with all signs pointing to a lengthy prison termAnother lackluster day at bourse The Colombo stock market witnessed yet another lackluster day where deep sell downs were shown on a range of stocks. ASI dipped by 64.81 points (-0.97%) to end at 6,604.23 where as liquid MPI dropped by 29.98 points (-0.50%) to settle at 5,905.92. he market turnover was recorded at Rs.1.6bnNegative bourse The market reopened for the week on a negative note with benchmark indices recording losses. ASI closed at 6,669.06, a dip of 29.79 index points (-0.45%) and liquid MPI closed at 5,935.90, a drop of 42.24 points (-0.71%). Daily market turnover stood at Rs.3.2bnPessimistic week
The Colombo bourse endured a week with a pessimistic outlook on the onset, continuing the trend entire week excluding Friday. However during the week selected retail counters such as LITE, CFT and ECL etc displayed a speculative run
Write back inflates BLUE profits
Sri Lanka's Blue Diamond Jewellery Worldwide PLC (BLUE) has recorded a net profit of Rs.26 million for 2Q12, largely supported by a 19 million non-cash write back of outstanding payables to Ceylinco Investment Company
Bourse ends in red Colombo stocks ended in red today with both indices recording losses. ASI dropped 15.06 points (-0.22%) to close at 6,706.48 while sensitive MPI closed at 5,966.51, dip of 16.44 points (-0.27%).Market turnover stood at Rs.1.3bnProsecutors demand hefty Rajaratnam sentence US prosecutors said Tuesday that former hedge fund manager Raj Rajaratnam should be given a hefty prison sentence next week, arguing that illegal gains from his insider trading netted about $72 millionDull Monday
The Colombo market started the week today on a relatively dull fashion with marginal movements in the indices. ASI decreased by 0.16 points (-0.01%) to close at 6,783.39 while sensitive MPI dipped by 13.14 points (-0.22%) to settle at 6,031.97. Market turnover stood at Rs.2.1bn
Firm trading The market endured a firm trading day today where ASI witnessed a notable jump into positive zone though MPI depicted a marginal dip. ASI gained by 37.24 points (+0.55%) to end at 6,747.91 while sensitive MPI lost marginally by 1.13 points (-0.02%) to settle at 5,998.15. Market turnover recorded at Rs.2.8bnDull sentiments prevail The bourse experienced a relatively dull market environment and ended in a marginally positive ground. ASI closed at 6,737.68 points, up 1.66 points (+0.02%) while sensitive MPI gained 1.68 points (+0.03%) to settle at 6,027.49 points. The market turnover stood at Rs.1.4bnRetailers dominate bourse The bourse reopened on a flat note today. The benchmark ASI and MPI gained 1.42 points (0.02%) and 1.88 points (0.03%) to close at 6,736.02and 6,025.81 respectively. The turnover stood at Rs.1.4bnStocks extend losses Forced selling continued to dampen market sentiment today as both indices ended the day on the red. Selling pressure on low value stocks such as PAP, FLCH, TESS, BLUE,MULL contributed to the negativityPage 8 of 15 |