Last Updated : 02-09-2014 13:58

 
 

Stock

Market drifts down further

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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 sector
Views: 3445

Negative beginning

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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
Views: 3755

Navara Capital gets control of IDL

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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 over
Views: 4230

Shariah-compliant trading platform on CSE

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Gaurdian Investment House (GIH) with Capital Trust Securities (Pvt) Ltd. (CTS), has designed a public trading platform that adheres to Shariah values
Views: 4602

Rajaratnam to be sentenced today

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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 term
Views: 3874

Another lackluster day at bourse

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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.1.6bn
Views: 3159

Negative bourse

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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.3.2bn
Views: 4155

Pessimistic week

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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
Views: 4410

Write back inflates BLUE profits

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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
Views: 4120

Bourse ends in red

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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.1.3bn
Views: 3299

Prosecutors demand hefty Rajaratnam sentence

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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 million
Views: 3842

Dull Monday

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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
Views: 4446

Firm trading

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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.2.8bn
Views: 3982

Dull sentiments prevail

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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.1.4bn
Views: 3385

Retailers dominate bourse

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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.1.4bn
Views: 3295

Stocks extend losses

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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 negativity
Views: 3430

Sentencing of Rajaratnam delayed

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Sentencing of Raj Rajaratnam, the hedge fund magnate convicted in the biggest Wall Street insider trading case in years, has been postponed until October
Views: 3499

Bourse dips

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The bourse continued its downtrend today where broad levels of selloff were displayed on stocks. ASI decreased by 35.69 points (-0.52%YoY) to close at 6,792.88 where as sensitive MPI dipped by 30.89 points (-0.50%) to end at 6,138.33. Market turnover stood at Rs.2.0bn
Views: 3607

NDB to form alliance with Singapore's DBS

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Sri Lanka's National Development Bank PLC (NDB) is planning to create an alliance with Singapore's DBS Bank to strengthen the investment activities of the NDB group, the bank informed the Colombo Stock Exchange a while ago
Views: 3857

Indices end in red

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Colombo Stock Market endured a week trading pattern today where benchmark indices closed in red. ASI closed at 6,828.57, down 42.35 points (-0.62%) and MPI closed 6,169.22, down 40.02 points (-0.64%). Market turnover stood at Rs.1.8bn
Views: 3153

Downward trend continues

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Market continued to end in negative note as the regulator suspended 12 brokers from giving credit due to lack of capacity. ASI lost 44.68 points (-0.65%) to close at 6,850.93 while more liquid MPI lost 49.16 index points (-0.79%) to close at 6,178.49
Views: 4055

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