Colombo stocks lost the momentum on Wednesday, after its slight recovery from the downtrend for 11 consecutive days during mid day trade on the back of Prime Minister Ranil Wickremasinghe on Tuesday slamming corrupt sections of Sri Lanka’s private sector to the extent of naming businessmen like Dilith Jayaweera and Nimal Perera, according to analysts. The benchmark index, All Share ended today shedding 0.19 per cent to close at 7043.90. The Blue chip Index also lost 0.38 per cent to close at 4013.82. The day’s turnover was at a low Rs 700.2 million. Commercial Bank which witnessed price losses of -2.23 per cent to close at Rs.175 along with other price losses in counters such as CTC, Access Engineers, Ceylinco, etc, mainly triggered a decline in the core index. Analysts said the Diversified Holdings Sector managed to record the highest turnover of some Rs. 263 million for the day, followed by the Banking, Finance and Insurance Sector and Power and Energy Sector with daily turnovers of Rs 253.9 million and Rs.79.3 million respectively.
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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