The Colombo Stock Exchange on Thursday was seen holding on to the bullish momentum displayed since Monday, following Sri Lanka’s presidential election over the weekend and new President Anura Dissanayake taking office.
The All Share Price Index was up 246.36 points to stand at 11,906.07 while the S&P SL20 was 107.18 points up to stand at 3,474.63 with Rs. 70.2 million turnover by 10 am.
A stock market analyst said that it seems brokers are excited about good governance, a corruption-free system, and educated, competent people getting appointed to ministries. Dilshan Wirasekera, Chairman, Colombo Stock Exchange, told the Times Online that this is also post-election optimism. “It is an undervalued market. It is an undervalued market. And so, it is also correcting the pre-election drop,” he added. (DEC)
A Thai woman walking topless in Arugam Bay town has been arrested by the Police.
The UK government has unveiled a package of reforms to simplify imports from developing countries which allows for more garments manufactured in Sri Lanka to enter the UK tariff-free.
The Cabinet has approved a proposal for Sri Lankans overseas to apply for their passports through an online system via the Lankan diplomatic missions.
Villagers in Nirmalapura, Daluwa, Norochcholai today staged a protest over an incident where a group of Navy officials and sailors had assaulted a resident in the area over night, Police said.
Ajith Gallage, the owner of a Bird Park in Nagarawawa, Hambantota, has been remanded over allegations of concealing illegally imported motorcycles, in a warehouse owned by him.
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