Colombo shares down on lack of policy direction issues

21 January 2015 - 79   - 0

  The Colombo share market was down on Wednesday with panic selling towards its close with retailers as well as institutional and high networth investors cashing in on their investments, brokers said.   Expectations are running high and President Maithripala Sirisena’s government is yet to show results in terms of the reforms it was to carry out and to fight corruption in the period before parliamentary election in June, with analysts saying that the magnitude of this task has compelled investors to wait on the sidelines. Institutional interest was seen in the banking sector counters with retail interest in low valued counters towards market’s close.   The core ASPI fell by a marginal 0.6 per cent to close at 7,324.40 while the S&P SL20 index decreased 0.72 per cent to close at 4,103.65. The turnover was at Rs. 796.1 million.  

  Comments - 0

  • Leave a comment

Top Stories

Maj. Gen. Shavendra Silva appointed as Army Chief

Army Chief of Staff Major General Shavendra Silva has been appointed as the 23rd Army Commander by the President today (Aug 19). He replace...

19 August 2019 - Views : 49

Nearly 9400 drunk drivers arrested since last month - Police

19 August 2019

Sri Lanka offers to assist IORA members in anti-piracy efforts

19 August 2019

Galle Face entry road closed due to protest by differently-abled soldiers

19 August 2019



Features & Analysis

'Strings of Harmony' : Celebrations to mark the 73rd Independence Day of India

‘Strings of Harmony’ – a Santoor Jugalbandi by Pandit Shiv Kumar Sharma and his son Pandit Rahul Sh...

Sri Lankan Handicrafts Day in Beijing

The Embassy of Sri Lanka in Beijing in collaboration with the International Bamboo and Rattan Organization (INBAR), o...

Day three of Swim Week Colombo, a colourful finale

The last day of CFW Swim Week Colombo took place at Shangri La Hotel Ballroom recently. There was an excitement that ...

In Pictures : Randoli Perahera dazzles

The first Randoli Perahera of the historic Esala Perahera paraded the streets of Kandy during the weekend. A ...