Colombo shares were up for the second day running on Tuesday as retailers collected small to mid cap stocks buoyed by the notion that a new regime was taking over, analysts said.
Blue chips, led by JKH, dominated turnover with heavy foreign selling mirroring Monday’s trade by 11.30 am. There was high net worth individuals buying blue chips as well.
Monday’s gain was the highest in nearly four years and turnover was a six-month high and today this record will be renewed, analysts said. Prior to Monday’s gain, the ASI was down 8.4 per cent and the S&P SL fell sharply by 18 per cent.
Mahinda Rajapaksa's appointment as Prime Minister by President Maithripala Sirisena replacing incumbent Prime Minister Ranil Wickremesinghe has sent positive signals to the traders, some stockbrokers said.
The All Share Index (ASI) was up by 0.85 per cent by 11.30 am to stand at 5,994.48 points with S&P up by 1.69 per cent to stand at 3,110.38 points on a Rs. 529 million turnover. (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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