A day after the Colombo bourse recorded its worst fall in 10 months on West Asian tensions, share prices recovered on Thursday on the back of Malaysia’s sovereign fund Khazanah Nasional's Broga Hill Investments Ltd selling its entire 10.8 per cent in John Keels Holdings (JKH), in a Rs. 22 billion deal, to Citi Group’s Global Markets Ltd.
The turnover was a staggering Rs. 23.6 billion, the second highest turnover next to the Japan’s Nippon Telegraph and Telephone Company (NTT) selling its 35.19 per cent stake of Sri Lanka Telecom (SLT) for Rs. 32 billion many years ago which was the biggest ever single transaction in the Colombo Stock Exchange’s history.
Analysts were expecting shares to further drop due to the investor’s panic reaction after the face-off between Iran and the US, but this massive transaction saved the day.
The ASPI closed at 5,987.55, up by 1.5 per cent with the S&P index ending at 2,830.76, up by 1.74 %. (DEC)
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.
Gazette on new speed limit regulations to be issued within two weeks
Senior DIG Nilantha Jayawardena has been sent on compulsory leave pending disciplinary investigation over his failure to prevent the Easter Sunday bombings.
Two underworld criminals wanted for multiple crimes, including murder, were brought from Dubai to Sri Lanka, today (12).
The 22nd amendment to the constitution dealing with the term of the President has been gazetted by order of President Ranil Wickremesinghe.
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