Colombo equities continued on Tuesday its positive momentum with the market stabilising owing to last week’s policy changes. Analysts said results released by corporates so far have been good, added to the buoyancy. The benchmark All Share Price Index advanced by 1.55 per cent to end at 7,310 while S&P SL 20 increased by 2.14 per cent to end at 4,068.70. Today’s gains were mainly driven by counters such as Hatton National Bank, Vidulanka and John Keells Holdings. Analysts said that it was widely speculated that high networth trader, Dr. S. Senthiverl had sold part of his stake in Vidulanka and reinvested the money in Valibel One. Early trading saw large trades on Vidulanka. Daily market turnover soared to Rs. 3.2 billion. Among the companies released their interim financial statements for the December quarter, Access Engineering recorded a drop in profits by 39 per cent year-on-year. (DEC)
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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