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Message: <blockquote data-quote="nasri123" data-source="post: 3841541" data-attributes="member: 38757"><p><strong><span style="font-size: 12px">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.</span></strong></p><p><strong><span style="font-size: 12px"></span></strong></p><p><strong><span style="font-size: 12px"></span></strong></p><p><strong><span style="font-size: 12px">The All Share Price Index edged up 0.10 percent (1.54 points) to end at 1,533.79 while the more liquid Milanka lost 1.75 percent (28.57 points) to close at 1,606.78. </span></strong></p><p><strong><span style="font-size: 12px"></span></strong></p><p><strong><span style="font-size: 12px">Turnover was 45 million rupees. </span></strong></p><p><strong><span style="font-size: 12px"></span></strong></p><p><strong><span style="font-size: 12px">Sujeewa Pieris of Bartleet Mallory Stock Brokers said he believed Dialog Telekom fell as investor sentiment weakened with the entry of India's Bharti Airtel, adding more competition into an already tough market. </span></strong></p><p><strong><span style="font-size: 12px"></span></strong></p><p><strong><span style="font-size: 12px"><span style="color: Red">Dialog Telekom fell over 12 percent or 70 cents to 4.80 rupees with 427,000 shares done </span></span></strong></p><p><strong><span style="font-size: 12px"><span style="color: Red"></span></span></strong></p><p><strong><span style="font-size: 12px"><span style="color: Red">"Airtel's entry probably impacted sentiment. Also, we expect Dialog's profits to be lower," </span>Pieris said. </span></strong></p><p><strong><span style="font-size: 12px"></span></strong></p><p><strong><span style="font-size: 12px">"There's no significant buying coming in even at these levels for Dialog." </span></strong></p><p><strong><span style="font-size: 12px"></span></strong></p><p><strong><span style="font-size: 12px">Dialog Telekom, a unit of Telekom Malaysia, reported a loss in the September 2008 quarter amid a price war among existing operators ahead of Airtel's entry.</span></strong></p></blockquote><p></p>

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