Updated: Colombo shares seen recovering on Monday

Business

Colombo stocks saw marginal gains on Monday at the start of a fresh week with stockbrokers saying that profit-taking by investors is slowly ending.

Many stockbrokers expected the market to rebound with the impending good results for the last quarter coming in. They said that investors will react optimistically to the good earning spike and start buying these counters.

However, the concern was that turnover levels are steadily sliding with today's turnover at Rs. 2.2 billion.

The All Share Index was marginally up by 0.09 per cent to close at 12,470.81 with the S&P SL20 witnessing a 0.38 per cent hike to close at 4,235.35.

Comments

Still No Comments Posted.

Leave Comments

Most Reviews

May 31, 2025

- 481 - 0

Flt Lt Kasun Cumaratunga , more than a pilot, a guardian remembered on his 37th death anniversary

Kasun, was born in 28th Sept 1964, the grandson of the legendary author and linguist Munidasa Cumaratunga and son of SSP Bindu Kumaratunga and Winifred

June 2, 2025

- 448 - 0

National Tax week launched

The Inland Revenue Department (IRD) backed by the Excise and Customs Department today launched a fresh drive to collect taxes including some Rs.780 billion listed as ‘collectable defaults’.

June 2, 2025

- 351 - 0

SriLankan Airlines’ new A330 Fleet to perform low fly past over Colombo on Wed.

May 29, 2025

- 261 - 0

Mahindananda and Nalin Fernando Jailed

Former Sports Minister Mahindananda Aluthgamage and former Sathosa Chairman Nalin Fernando have sentenced to 20 and 25 years respectively after they were found guilty in a case of fraud.

May 30, 2025

- 259 - 0

In Pix: Weather situation in Colombo

June 3, 2025

- 187 - 0

Krishanthi Kumaraswami convicts FR dismissed by SC

The Supreme Court today unanimously dismissed a Fundamental Rights petition filed by five convicts in the 1996 Krishanthi Kumaraswamy abduction, rape, and murder case.