Colombo stocks recorded marginal losses on Wednesday on comparatively moderate turnover mirroring the day before on deceptive endorsements by high networth investors informing retailers to sell out and make profits on certain shares, analysts said.
“They created fear anticipating buying lower on certain shares and to make a quick profit,” one source said.
Asian Alliance Insurance recorded Rs. 556 million turnover pushing its share price by 11.8 per cent Rs.146 despite the company confirming there is no price sensitive information with analysts saying this shows certain high networth traders are pushing the prices up.
On a Rs. 5.34 billion turnover, the ASPI was down 144.42 points to close at 13,065.75 and the S&P dropped by 47.94 points to close at 4,487.
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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
Cabinet has approved a proposed amendment to the Constitution that a referendum would be required to extend the Presidential and Parliamentary term beyond five years.
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