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.
A Thai woman walking topless in Arugam Bay town has been arrested by the Police.
The UK government has unveiled a package of reforms to simplify imports from developing countries which allows for more garments manufactured in Sri Lanka to enter the UK tariff-free.
The Cabinet has approved a proposal for Sri Lankans overseas to apply for their passports through an online system via the Lankan diplomatic missions.
Villagers in Nirmalapura, Daluwa, Norochcholai today staged a protest over an incident where a group of Navy officials and sailors had assaulted a resident in the area over night, Police said.
A passenger attempting to smuggle the largest quantity of gold of 35 kilo grams was arrested by the Customs at the Bandaranaike International Airport (BIA) today, a senior official said.
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