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)
Tamar Amitai, a 25-year-old Israeli tourist who went missing in Uppuveli, Trincomalee, was found safe after a three-day joint search operation today.
The Colombo High Court today (28) sentenced former parliamentarian Hirunika Premachandra to three years of Rigorous Imprisonment over charges of the involvement of an abduction.
In his special statement, President Ranil Wickremesinghe announced that debt restructuring agreements will postpone all bilateral loan payments to foreign countries until 2028. Additionally, Sri Lanka will have until 2043 to repay these loans on concessional terms.
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