The Colombo bourse closed high having risen throughout on Monday with brokers and investors cheering new President, Gotabhaya Rajapaksa’s big victory. Turnover was Rs. 2.4 billion.
The All Share Price Index gained by 1.77 per cent to 6,129.56 while S&P rose by 1.99 per cent to 3,046.04 at close. The turnover was a rich Rs. 2.4 billion with Waskaduwa Beach Resort PLC being the top gainer - up 40 per cent with a turnover of Rs. 11,707,506 on 1.8 million shares.
The presidential election results lifted the bourse from political uncertainty, with traders likely to view the election results as a near-term positive for the bourse, analysts say. Monetary policy is likely to remain accommodative with expectations of a 50 basis points policy rate cut next month. Analysts added that the growth is likely to pick up in 2020 as private investment regains momentum and recovers from this year’s Easter terrorist attacks as well as tourism. (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.
Cabinet has approved the appointment of Commodore (retired) M.B.N.A. Premaratne of the Sri Lanka Navy, as the new Commissioner General of Excise.
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