Colombo stocks declined on Tuesday on an improved turnover of Rs.3.2 billion amidst good results posted during this quarter.
Some investors are worried about the potential Russian invasion of Ukraine which will slide the Asian markets in turn having a negative bearing on the Colombo bourse, analysts said.
Also the potential oil price hike will have a triple impact on all sectors while the Government cannot continue holding the interest rate and exchange rate and peg the dollar at the same time, they added saying it will shrink corporates' margins. They added that margin providers are gradually increasing rates and controlling single stock borrower limits which are prohibitive to traders.
Stockbrokers are also tightening their credit limits exacerbating the drop in the market, analysts pointed out.
The All Share Price Index was down by 106 points to close at 12, 364 with S&P SL down by 16.89 points to end at 4, 218.
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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
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