After a topsy-turvy three days of trading in which Colombo shares rose and then fell, the Colombo bourse on Thursday saw renewed demand resulting in both indexes showing gains.
The All Share Index (ASI) gained by 2.7 per cent to close at 6,114.13 while the S&P rose by 4.4 per cent to end at 3,221.07 on Rs. 1.5 billion turnover.
Traders said the market has been mixed after President Maithripala Sirisena sacked Prime Minister Ranil Wickremesinghe last Friday and installed former president Mahinda Rajapaksa creating chaos and confusion in the country.
The bourse has seen foreigners selling out with the political scenario adding to the reason which earlier was due to a interest rate hike in the US, which saw funds pulling out from many emerging markets. On Thursday, unconfirmed reports said Parliament would resume on Monday, November 5 instead of November 16, a move that is likely to boost market sentiment tomorrow. (DEC)
The final rites of veteran broadcaster, writer, and lyricist Nirmala de Alwis will be held today at Peradeniya.
Read this week’s Sunday Times for your interesting articles
The Supreme Court today ordered the owning and operating companies of the X-Press Pearl Vessel to pay US $ one billion as compensation for the environmental and economic damage it caused, after the ship sank off the Colombo Port in 2021.
Leave Comments