Colombo shares up on ‘changes at the top’

27 January 2015 - 80   - 0


Colombo shares on Tuesday started on a positive note with the core All Share Index up by 0.55 per cent by 11.30 am to reach 7,356.13 while the S&P SL 20 appreciated by 0.58 per cent to stand at 4,121.26 on Rs. 550.6 million turnover.

Analysts said that the entry of a new SEC chairman and a potential probe on corruption and irregularities in the share market are weighing on the investor sentiment positively as they believe that with all the 'bad' elements out of the way, the market will attract stable investors and long term investments.

Investors who remained on the sidelines ahead of the Central Bank’s monetary policy review which was released on Tuesday morning are back in the game, according to analysts while others, who are awaiting Thursday’s mini budget which is expected to provide a direction to the economy, are also hopeful of a better future for the market. – ENDS -

  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 : 65

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 ...