The Colombo bourse on Wednesday cheered the new regulator Thilak Karunaratne at Securities and Exchange Commission (SEC) with analysts saying that an expected reduction in inflation following the tax cut on fuel and other key commodities announced in the Government’s ‘100-Day Programme’ is weighing positive in the traders' sentiment.
They also added that the Monetary Board’s decision to continue with unchanged interest rates helped the core All Share Index to close at 7,395.29, having increased by 0.38 per cent, while S&P SL20 index simultaneously gained 0.32 per cent to stand at 4,143.72.
Mr. Karunaratne is replacing Nalaka Godahewa who was appointed by former President Mahinda Rajapaksa after complaints by some powerful investors saying harsh rules by the SEC were diminishing the market.
The turnover soared to Rs. 1.3 billion and blue chips JKH, Commercial, Distilleries and Chevron gained interest today entering the top turnover list.
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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