The Colombo share market on Wednesday saw foreign investors being net sellers for the first time in 28 days, the Colombo Stock Exchange's data showed. The net outflow was Rs 102.6 million at the market's close. Foreigners accounted for 19% of the total market activity.
Analysts said the bourse was sluggish throughout the day stemming from selling pressure in shares which saw price increases in the recent past. The counters that lead the decline were John Keells Holdings, Ceylon Cold Stores, Carsons Cumberbatch and Sri Lanka Telecom. The All Share dipped 19.03 points to close at 6,284.76 (-0.30 %) and the S&P SL 20 Index dipped 9.06 points to close at 3,551.41. Today's turnover was Rs. 566.3 million.
MTD Walkers saw 1.4 million shares changing hands with analysts saying that a Malaysian shareholder, MTD Capital had sold this parcel. The counter appreciated 14.4% to close at Rs 31.8. (DEC)
Apple reaches into the streaming music business to protect its hold on digital music as changing listening habits have forced Apple to rethink its approach and stem the challenge presented by companies like Pandora, Spotify and Google Play. Bloomberg senior West Coast correspondent Jon Erlichman reports.
Having pioneered the auto gas industry, set up a chain of Laugfs fuel stations and supermarkets along with a string of new businesses, the founder of LAUGFS Holdings, says his dream is to alter local people’s lifestyles.
United Motors Chairman Ranjit Fernando and two other directors – T.M.R.B. Tennakoon and S. Nagendra - are stepping down next month.
An announcement by the company to the Colombo Stock Exchange on Friday said the three directors would not be seeking re-election at the July 5 AGM of the company. The directors have informed the board at its June 5 meeting of their decision. – Ends -
Otto M. Stohl who took over as General Manager/ CEO of the Kingsbury after it was re-launched last year from the old Ceylon Continental, has left the Hayleys-owned hotel, the company, Hotel Services said.
The company said the board of directors has appointed Sunil Dissanayake, currently on the Hotel Services board of directors,as the new General Manager of the hotel from May 7th onwards. Mr. Stohl left the company even though his contract was formally ending on June 31, 2013. – Ends-
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