Colombo stocks recorded marginal losses on Tuesday on moderate turnover owing to misleading social media recommendations by high networth investors advising traders to sell out and make profits on certain shares, analysts said.
"Some high networths had got latest shareholder lists of dollar income earning stocks and pointed at large shareholders of these companies selling their shares in these messages. This had turned sentiments of a large trader base who sold these shares,” an analyst said.
Some other analysts said that month-end settlements kicking in also brought the market down.
On a Rs. 6 billion turnover, the ASPI was down 173.94 points to close at 13,210.11 while the S&P dropped by 92 points to close at 4, 534.94.
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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