Comments /1552 Views / Saturday, 8 September 2012 00:34
Stocks extended gains for a ninth straight session on Friday, jumping 2% to a five-month high helped by blue chips and foreign buying.
The Colombo Stock Exchange’s main index gained 2%, or 107.93 points, to 5,496.85, its highest close since 4 April.
“Everybody is chipping in. Everybody is participating in the run and it’s mainly a sentiment-driven market,” said a stockbroker asking not to be named.
The new Head of the Securities and Exchange Commission, Nalaka Godahewa, is expected to come up with new ideas to revive the market, which has fallen 9.51% so far this year.
Turnover was Rs. 1.76 billion, more than double of this year’s daily average of Rs. 874.2 million. The Bourse saw foreign inflows of Rs. 155.1 million worth of shares, extending the net inflow so far this year to Rs. 28.66 billion.
The rupee closed at 132.30/35 against the dollar, slightly firmer than Thursday’s close of 132.38/40.
28 July 2015
“People will not make the JVP the ruling party but they will most certainly make us the main opposition,” noted former Auditor General Sarath Chandrasiri Mayadunne who heads the Janatha Vimukthi Peramuna national list. Reiterating hi...
27 July 2015
Education is too important to be left to politicians who are not experts on the subject An important TV talk show on national education policy In a recent TV talk show on what should be the country’s na...
27 July 2015
There is a Sinhala proverb which goes “Thaman hisata thama athamaya sevanala” (It is only one’s hand is the shelter/shadow for one’s head). It highlights what we are going to discuss in today’s column. ...
25 July 2015
''The working class did not rise like the sun at an appointed time. It was present at its own making – E.P. Thompson'' The political document unveiled by the JVP is a spirited attempt to infuse a moral and intel...
The trouble with the laws these days is criminals know their rights better than their wrongs
Election heat and ‘Yahapalana’ antics
Sri Lanka to harness wasted rainwater for crops, power
Election outcome in SL important for region and world: Former US intelligence official