Business

Colombo shares up on ‘changes at the top’

27 January 2015 - 85   - 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 -

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