Colombo share prices eased on Wednesday, recording its lowest in the recent months, in the backdrop of rising tensions in West Asia, brokers said.
The All Share Price Index fell by 2.11 per cent to 5,898.84 points while the S&P SL 20 stocks index fell by 2.64 per cent to 2,782.45 points. The day’s turnover was Rs. 624 million.
On Tuesday, Iran fired missiles at US bases in Iraq in retaliation for the killing earlier of a powerful Iranian military commander in a US drone attack. SriLankan Airlines was among several international airlines that said they would avoid overflying Iranian and Iraqi airspace.
Tea prices at this week’s auction on Tuesday/Wednesday were also said to be subdued on fears that the Iran-US squabble would precipitate to a full scale war. Iran is a key buyer of Ceylon Tea in addition to being a supplier of oil.
- ENDS -
The funeral of arguably the Queen of the Sinhala cinema Malini Fonseka, will be held with state honours on Monday, May 26, 2025, at the Independence Square.
The NPP government has been at the wheel for almost 6 months now. The time to keep looking at the rear view mirror and living in the past is about over.
Leave Comments