The Colombo Stock Exchange (CSE) which saw trading temporarily suspended for 30 minutes from 9.42 am to 10.12 am on Tuesday, owing to S&P SL20 Index falling below 5 per cent, closed weaker at the close.
The S&P index fell 124.28 points or 5.01 per cent soon after it opened for trading on Tuesday following a long weekend break. On a Rs. 1.3 billion turnover, the All Share Price Index was down by 4.41 per cent to close at 5,121.91 points while the S&P crashed by 4.75 per cent to close at 2,361.75
The CSE has fallen 1,035 points since the start of this year with Rs. 4.4 billion net selling during this period.
The coronavirus is starting to impact the CSE with foreign investors exiting from the emerging exchanges due to the impact of the coronavirus outbreak, analysts said. (DEC)
A Sri Lankan man was apprehended at Suvarnabhumi airport for attempting to smuggle wildlife out of the country after three ball pythons were found hidden in his underwear, the Bangkok post reported.
The UK government has unveiled a package of reforms to simplify imports from developing countries which allows for more garments manufactured in Sri Lanka to enter the UK tariff-free.
Read these and more on tomorrow’s edition of the Sunday Times
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