Business

Colombo shares drop on retail profit taking at mid-day

19 January 2015 - 69   - 0

 

Retailers cashed in on their investments at the Colombo share market on Monday amidst allegations of corruption and corrupt practices levelled at the previous Sri Lankan regime headed by former President Mahinda Rajapaksa, brokers said.

The indices were down by noon with the core ASPI declining by 1.48 per cent to at 7,403.43 while the S&P SL20 index dropped 1.75 per cent to 4,173.48. This came on the back of a fiery political setting where President Maithripala Sirisena announced an interim cabinet saying he would carry out reforms to fight corruption in the 100 days to a parliamentary election.

The turnover was at Rs. 460 million. - Ends -

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