Colombo equities gained ground in early trading on Friday mainly due to the returned investor confidence backed by improved financial performance of the corporates, according to analysts. The All Share Price index gained 0.15 per cent to stand at 77,317.91 by 10. 45 am, with the S&P SL20 gaining 0.41 per cent stand at 4,130 by this time. Turnover in the morning amounted to Rs. 380 million. At the weekly T-bill auction, 12 month T-bill yield further increased by 2 basis points (bps) to 6.12 per cent while 3 month and 6 month T-bill yields increased by 6bps and 5bps to 5.94 per cent and 6.03 per cent. Analysts said that this may put pressure on traders to pull money out of the market. - ENDS -
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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