Fri, 29 Mar 2024 Today's Paper

Lanka shares recover from 2 week low

20 January 2010 12:39 pm - 0     - {{hitsCtrl.values.hits}}

A A A

COLOMBO, Jan 20 (Reuters) - Sri Lankan shares gained 1.41 percent from a two-week low on Wednesday as retail investors snapped up battered shares, dealers said.

The All-Share Price Index .CSE of the Colombo Stock Exchange closed 49.11 points firmer at 3,532.41 points, from its lowest since Jan. 4. It hit a record high of 3586.68 on Monday.

"Retail investors bought shares that have come down to attractive levels in the last two days," said Harsha Fernando, CEO at SC Securities.

Analysts said investors have shrugged of pre-poll violence with more than 700 incidents, including four killings so far reported ahead of Jan. 26 presidential election, due to hopes of better post-war earnings and a business environment.

However, some analysts said violence for a sustained period could dent investor sentiments and hinder tourist arrivals.

Sri Lankan President Mahinda Rajapaksa is facing a stiff challenge from his former army chief, Sarath Fonseka, who oversaw the defeat of the separatist Tamil Tiger rebels, at the next week presidential poll, which analysts see as an evenly poised battle.
 


Order Gifts and Flowers to Sri Lanka. See Kapruka's top selling online shopping categories such as Toys, Grocery, Kids Toys, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,Astrology, Courier/Delivery, Medicine Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka

  Comments - 0

Order Gifts and Flowers to Sri Lanka. See Kapruka's top selling online shopping categories such as Toys, Grocery, Kids Toys, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,Astrology, Courier/Delivery, Medicine Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka

Add comment

Comments will be edited (grammar, spelling and slang) and authorized at the discretion of Daily Mirror online. The website also has the right not to publish selected comments.

Reply To:

Name - Reply Comment





Order Gifts and Flowers to Sri Lanka. See Kapruka's top selling online shopping categories such as Toys, Grocery, Kids Toys, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,Astrology, Courier/Delivery, Medicine Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka

VAT increase: SOUNDs death knell for publishers, readers

Though the Government imposed VAT (Value Added Tax) on vegetables and other e

How female change-makers are driving Sri Lanka’s energy saving platform

Saving energy has become more of a responsibility than a habit in today’s c

A dull Ramadan awaits Muslims amidst the Soaring Cost of Living

In the coming days, Muslims across the world will welcome the Holy Month of R

New wildlife underpass to curtail HEC

As of February 2024, Sri Lanka lost another 38 elephants as a result of the H