Colombo shares mixed on anticipation of new govt.

News

Colombo retailers were seen collecting certain midcap stocks at the start on Tuesday, showing a lackadaisical attitude amidst anticipation of a new government by Ranil Wickremesinghe, who was reappointed by President Maithripala Sirisena.

Yesterday’s trend of profit taking will be visible throughout today, brokers noted. Mr. Wickremesinghe’s surprise sacking from the premiership in late October pitched Sri Lanka into an extraordinary constitutional disaster, after which former President Mahinda Rajapaksa was sworn in at a closed-door ceremony. Rajapaksa has since then resigned as prime minister. Traders are awaiting new ministerial appointments and Cabinet formation.

The All Share Index was up by marginally by 0.01 per cent to stand at 6,068.12 points by 10.36 am with S&P down by 0.18 per cent to show 3,136.37 points on a Rs. 97 million turnover. (DEC)

Comments

Still No Comments Posted.

Leave Comments

Most Reviews

May 31, 2025

- 478 - 0

Flt Lt Kasun Cumaratunga , more than a pilot, a guardian remembered on his 37th death anniversary

Kasun, was born in 28th Sept 1964, the grandson of the legendary author and linguist Munidasa Cumaratunga and son of SSP Bindu Kumaratunga and Winifred

June 2, 2025

- 447 - 0

National Tax week launched

The Inland Revenue Department (IRD) backed by the Excise and Customs Department today launched a fresh drive to collect taxes including some Rs.780 billion listed as ‘collectable defaults’.

June 2, 2025

- 348 - 0

SriLankan Airlines’ new A330 Fleet to perform low fly past over Colombo on Wed.

May 29, 2025

- 259 - 0

Mahindananda and Nalin Fernando Jailed

Former Sports Minister Mahindananda Aluthgamage and former Sathosa Chairman Nalin Fernando have sentenced to 20 and 25 years respectively after they were found guilty in a case of fraud.

May 30, 2025

- 255 - 0

In Pix: Weather situation in Colombo

June 3, 2025

- 185 - 0

Krishanthi Kumaraswami convicts FR dismissed by SC

The Supreme Court today unanimously dismissed a Fundamental Rights petition filed by five convicts in the 1996 Krishanthi Kumaraswamy abduction, rape, and murder case.