Sat, 19 Jun 2021 Today's Paper

Shares close little changed in dull trade; tax bill weighs on market

12 September 2017 12:01 am - 0     - {{hitsCtrl.values.hits}}

A A A

RETUERS: Sri Lankan shares closed little changed in low turnover yesterday as investors waited for clarity on the new tax bill.


The parliament passed tax reforms on Thursday that should simplify the tax system, widen the tax base and increase government revenue, as agreed with the International Monetary Fund in exchange for a US $ 1.5 billion, three-year loan.

The Colombo stock index ended 0.06 percent weaker at 6,372.24, snapping two straight sessions of gains.


Turnover was Rs.290.8 million, the lowest since August 28 and well below this year’s daily average of around Rs.856.5 million.


The Colombo stock index fell 0.2 percent last week, its eighth straight weekly drop.


“Investors are still waiting to see the clarifications on the tax bill and the exact implications of the bill,” said First Capital Holdings Head of Research Dimantha Mathew.


Shares of Ceylon Tobacco Co PLC fell 0.6 percent, while Overseas Realty Ceylon PLC ended 2.67 percent weaker.


Foreign investors net bought Rs.49.4 million worth of shares, extending the year-to-date net foreign inflow to Rs.27.8 billion worth equities. 

 

 

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

  Comments - 0

See Kapruka's top selling online shopping categories such as Toys, Grocery, Flowers, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,News, Courier/Delivery, Food 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


Statistical blunders expose administrative weaknesses

Information helps save lives and during a pandemic a free-flow of vital, accu

Vavuniya tusker’s demise DID TOO MANY ‘COOKS’ SPOIL JUMBO’S RECOVERY?

On June 11 Sri Lanka lost another one of its magnificent tuskers that succumb

Life and Times of Dynamic “Thamby” Arumugan Thondaman

Thamby”in Tamil means younger brother. It is also used widely as a pet name



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