Reply To:
Name - Reply Comment
Last Updated : 2022-08-11 01:31:00
Sri Lankan shares retreated today after closing at a record high in the previous session on growing political concerns after the ex-army chief was arrested for on charges of conspiring against the president.
The All-Share Price Index CSE of the Colombo Stock Exchange closed down 0.11 percent or 4.09 points at 3785.28, after rising 0.26 percent in early trade a day after former army commander General Sarath Fonseka was arrested.
Stocks, which had fallen as much as 1.3 percent after news of the arrest, recovered some of their losses on bargain buying by some investors, analysts said.
"Fonseka's arrest will not have a market impact on the short term, but in the long term there might be problems," said an analyst on condition of anonymity.
"We might face a problem specially with regard to future foreign investment if international community viewed this as a right abuse and control of dissident voice."
Analysts said if the arrest creates more road protests, there is a possibility of erosion in post-war optimism, which helped the bourse to be one of the world's best performers in 2009 with over 125 percent jump. (Reuters)
Sell your vehicle & house fast with hitad.lk only cost is Rs.400, Advertise in Hitad.lk for free to sell your mobile phone. Want to sell your Pet, Advertise for Free in hitad.lk Search for Houses in Sri Lanka and find the best place through Hitad.lk find your best tuition place. Find the best partner for you, visit hitad.lk Find anything at any time hitad.lk.
Sell your vehicle & house fast with hitad.lk only cost is Rs.400, Advertise in Hitad.lk for free to sell your mobile phone. Want to sell your Pet, Advertise for Free in hitad.lk Search for Houses in Sri Lanka and find the best place through Hitad.lk find your best tuition place. Find the best partner for you, visit hitad.lk Find anything at any time hitad.lk.
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
Sell your vehicle & house fast with hitad.lk only cost is Rs.400, Advertise in Hitad.lk for free to sell your mobile phone. Want to sell your Pet, Advertise for Free in hitad.lk Search for Houses in Sri Lanka and find the best place through Hitad.lk find your best tuition place. Find the best partner for you, visit hitad.lk Find anything at any time hitad.lk.
The public has once again been advised to wear masks to prevent the spread of
In Palawela Udaniriella, an 8-year-old girl became the victim of Grave Sexual
These questions have been buzzing in our heads over the past few weeks as hea
A serious shortage of fuel, gas and other essential items as a result of the