Business

Colombo shares fail to sustain momentum on retail profit-taking

13 January 2015 - 129   - 0

Colombo share market started off on a positive note on Tuesday morning but failed to sustain this momentum at close on the back of retail profit-taking stemmed by the shaky political setting, brokers said. They said that despite participation by both retailers as well as institutional and high networth investors during mid day, retailers charged in the afternoon to take profits, resulting in indices ending mixed. Analysts said in the morning hours the market saw some stability after Sri Lanka's new president, Maithripala Sirisena announced an interim cabinet on Monday evening saying he would carry out reforms to fight corruption in the 100 days to a parliamentary election, but interest waned towards its close. The core ASPI declined by 0.17 per cent to close at 7,554.42 while the S&P SL20 index increased 0.08 per cent to close at 4,264.85, according to provisional data. The turnover rose to Rs. 1.3 billion. – ENDS -

  Comments - 0

  • Leave a comment



Top Stories

Temperature in certain areas on the rise : Met. Department

The temperature in certain areas of the country has exceeded normal levels, the Meteorology Department said. According to the Meterolo...

16 June 2019 - Views : 12

Sirisena, Putin discuss regarding US sanctions on Russian products

16 June 2019

Thief injured after police fire shots at suspect

16 June 2019

Suspect arrested with narcotics dies after falling ill in remand

16 June 2019



style="display:inline-block;width:300px;height:250px"
data-ad-client="ca-pub-6200193111498313"
data-ad-slot="1999573490">

 

Features & Analysis

Supporting the revival of the local coffee industry

In a time gone by in Ceylon, it was coffee that was a booming plantation before disease struck, wiping out thousands ...

"On Broadway" with the Workshop Players

The Rotary Club of Colombo West in collaboration with The Workshop Players of Sri Lanka are proud to announce a night...

New rainforest gecko joins growing list of reptiles unique to Sri Lanka

From the eastern fringe of Sri Lanka’s Sinharaja rainforest, scientists have described a new species of day gec...

In Pictures : When Roy G. Hemmings brought Motown hits to Colombo

Original Drifters member Roy G Hemmings brought the sounds of Motown, in one action packed show in Colombo recen...



style="display:inline-block;width:300px;height:250px"
data-ad-client="ca-pub-6200193111498313"
data-ad-slot="1999573490">