The Colombo Stock Exchange (CSE) saw choppy trading on Thursday with analysts saying it's in a consolidation phase.
They said that after rising considerably the CSE is in a consolidation phase with debtors that didn't pay earlier.
Fundamentally strong shares according to the recently released quarterly results are expected to rise again when new funds come into the market as there is still negative real returns in fixed deposits, they added.
The All Share Index was marginally down by 0.1 per cent to 12, 352.38 points and S&P SL 20 was up by 0.18 per cent to close at 4, 224.63. Turnover was at Rs. 3.8 billion.
The traders are in a wait and see mode especially this week being a short 4-day week.
You can share this post!
Content
The Judicial Service Commission (JSC) has interdicted Colombo Fort Magistrate Kosala Senadheera.
Mr. Ali Sabri Rahim, a Member of Parliament (MP) for Puttalam District whom an open warrant had been issued, attended a public ceremony at Al Aksha National School in Kalpitiya today (16) as the special guest of honor.
The Supreme Court today refused interim relief in an application filed by President’s Counsel Senaka Walgampaya seeking an Order from the Supreme Court compelling the President to appoint judges to fill the existing vacancies in the Court Of Appeal.
The deadline for online applications to the 2024 G.C.E. Advanced Level (A/L) Examination has been extended until July 12, the Department of Examinations said.
Gazette on new speed limit regulations to be issued within two weeks
Leave Comments