Colombo shares show early recovery from 12-day slump

Business

Colombo bourse edged higher on Thursday from a 12-day slump. Colombo bourse edged higher on Thursday from a 12-day slump owing to the unexpected drop in T-Bill yields and the political and economic policy uncertainties that were weighing on the market sentiment as investors adopted a wait-and-see approach. “Now they seem to be collecting again,” an analyst said. The main index, All Share was up by 0.09 per cent in early trade to stand at 7,050.20 by 10.15 am while S&P SL 20 index was up by 0.22 per cent to record 4,022.04 by this time with daily market turnover standing at Rs. 41 million by this time.

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