Colombo equities stretched gains four days in a row on Thursday morning driven by positive expectations ahead of the mini budget, brokers said. The first budget, an interim one, by the new Sri Lankan government is to be presented later on Thursday afternoon in Parliament and expected to contain many essential price concessions to consumers. The benchmark All Share Index reached a high of 7,400.95 with a gain of 0.08 per cent with the S&P SL index gaining 0.1 per cent to stand at 4,152.70 by 10 am. The gains were mainly fuelled by the counters such as Lion Brewery, Hatton National Bank and Carson Cumberbatch. Analysts added that the Central Bank keeping key policy rates steady at record lows without any tightening measures has helped investors buy into shares while they await for clarity from the budget. – 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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