The Colombo stock market recovered for the second day running on Friday, but with steadily declining turnover.
However, given the size of the Colombo Stock Exchange, the Rs. 2.9 billion turnover posted is sustainable, according to stockbrokers.
Analysts said there is a sentimental issue with buyers waiting on the sidelines for the market to settle.
Traders panicked and were trying to sell, they added.
Only 50 counters went down in price while 149 counters gained. The All Share Price Index was up 254.34 points to close at 12,459.80 with the S&P SL 20 up by 124.19 points to close at 4,238.90.
A Sri Lankan man was apprehended at Suvarnabhumi airport for attempting to smuggle wildlife out of the country after three ball pythons were found hidden in his underwear, the Bangkok post reported.
Read these and more on tomorrow’s edition of the Sunday Times
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.
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