The Colombo share market was down on Wednesday with panic selling towards its close with retailers as well as institutional and high networth investors cashing in on their investments, brokers said. Expectations are running high and President Maithripala Sirisena’s government is yet to show results in terms of the reforms it was to carry out and to fight corruption in the period before parliamentary election in June, with analysts saying that the magnitude of this task has compelled investors to wait on the sidelines. Institutional interest was seen in the banking sector counters with retail interest in low valued counters towards market’s close. The core ASPI fell by a marginal 0.6 per cent to close at 7,324.40 while the S&P SL20 index decreased 0.72 per cent to close at 4,103.65. The turnover was at Rs. 796.1 million.
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The Judicial Service Commission (JSC) has interdicted Colombo Fort Magistrate Kosala Senadheera.
Mr. Ali Sabri Rahim, a Member of Parliament (MP) for Puttalam District whom an open warrant had been issued, attended a public ceremony at Al Aksha National School in Kalpitiya today (16) as the special guest of honor.
The Supreme Court today refused interim relief in an application filed by President’s Counsel Senaka Walgampaya seeking an Order from the Supreme Court compelling the President to appoint judges to fill the existing vacancies in the Court Of Appeal.
The deadline for online applications to the 2024 G.C.E. Advanced Level (A/L) Examination has been extended until July 12, the Department of Examinations said.
Gazette on new speed limit regulations to be issued within two weeks
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