Colombo’s stock trading recorded Rs. 1.3 billion turnover at Wednesday’s close with shares ending in the red amidst a weeks-long constitutional crisis, where bargain hunters were in the lead steering the market, analysts said.
They said that quick profits was the name of the game during the past few days with retailers trying to mirror the share patterns some years ago. They said this was especially dangerous as the rupee was becoming weaker due to dollar demand for outflows in government securities stocks.
The country’s political turmoil remains, triggered on October 26 when President Maithripala Sirisena appointed his predecessor Mahinda Rajapaksa as Prime Minister, after abruptly firing the incumbent, Ranil Wickremesinghe, who claims he’s still in charge.
The All Share Index (ASI) was down by 1.24 cent to close at 5,987.21 points with S&P down by 2.51 per cent to 3,110.64 points. (DEC)
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.
Gazette on new speed limit regulations to be issued within two weeks
Two underworld criminals wanted for multiple crimes, including murder, were brought from Dubai to Sri Lanka, today (12).
Senior DIG Nilantha Jayawardena has been sent on compulsory leave pending disciplinary investigation over his failure to prevent the Easter Sunday bombings.
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