- Last Update 2025-04-30 17:24:00
Colombo shares down as political crisis intensifies
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)
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- April 25, 2025 - 170 - 0
Rs 30 million worth tabs and mobiles left behind at duty free shop
Customs have detected 228 mobile phones and tabs valued at over Rs 30 million left behind in the duty free shopping complex at the Banaranaike International Airport today, Customs officials said.
- April 26, 2025 - 142 - 0
Your Sunday Times highlights for this week
Read this week’s Sunday Times for your interesting articles including the ’’5th Column’’.
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