Colombo equities slumped further on Thursday despite the drop in T-Bill yields with analysts saying that a similar pattern will follow tomorrow as well. The core index, All Share declined to 6,922.83 with a drop of 0.72 per cent while S&P SL 20 index lost 0.83 per cent to close at 3,928.51. Today’s losses were mainly driven by high valued counters and retailers were on the sidelines, analysts said. Daily market turnover reached Rs 1.1 billion.
Former Chairman of SriLankan Airlines, Nishantha Wickramasinghe, arrested on allegation of corruption by the Commission to Investigate Allegations of Bribery or Corruption (CIABOC) has been remanded until July 1 by the Colombo Magistrate court.
Deputy Minister of Finance and Economic Stabilization and NPP National List MP Harshana Suriyapperuma who is tipped to be named the next Finance Ministry Secretary resigned from Parliament today.
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