The Colombo stock market witnessed high levels of volatility on Wednesday showing the uncertainty prevalent in the investor sentiment, analysts said.
It opened low and at certain times the S&P SL20 was as bad as dropping by over 2 per cent and deteriorated many times during the day. It was close to flat at certain times during the day the mixed bag of price movements clearly reflecting the volatile/conflicting/contradictory international developments, an analyst added.
The turnover at Rs. 3 billion is less than the last week's daily average.
Certain analysts said the power cuts and the possibility of a standstill stemming from the shortage of fuel are dampening the sentiment.
The All Share Price Index was down 171.2 points to close at 11, 406.34 with the S&P SL down by 76.5 points to close at 3, 860.34.
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