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There will be selling ahead of the interim budget on August 30
ASPI lost 183 points
The main All Share Price Index (ASPI) fell 0.66%
The energy and plantation sector is gaining pace again
Market sees foreign inflows
Market has risen in 14 sessions out of the last 16.
[…]The post A Generational Shift To Face The Crisis In Sri Lanka appeared first on Colombo Telegraph.
Stocks fell in the last two sessions on profit taking
Market down for 2nd time in 14 straight sessions
Market has been on the rise due political stability hope after months of protests
The index has risen 19.6% in the last 12 sessions
All Share Price Index (ASPI) rose 3.69% or 321.31 points to 9,027.48, its highest since March 31
The main stock index has risen 13.3% in the last 10 session.
Lanka IOC contributed around 40% or 1.99 billion to the market turnover.
Index has been gaining due to political stability hopes
[…]The post The Operation Successful But The Patient Died? Not If People Stand Up! appeared first on Colombo Telegraph.
The National movement for Social Justice (NMSJ) said that it is gravely concerned about a number of actions taken by the Ranil Wickremesinghe administration in recent days.NMSJ chairman, former Speaker, Karu Jayasuriya said that it is their belief that the arrests of Joseph Stalin, the General Secretary of the Ceylon Teachers’ Union, Palitha Atampola and […]
The key stock index has gained 9.3% in the last 7 sessions.
[…]The post Is Sri Lanka Becoming A Police State? Government Efforts To Delegitimise Aragalaya appeared first on Colombo Telegraph.
Calls for unity in a country torn apart by nationalism and monetary instability
Selected imports will be restricted to balance payments for fuel, President Ranil Wickremesinghe said today. The President told Parliament that the immediate requirement before the country is fuel. “While appreciating the international assistance in addressing the fuel shortage, it in timely that we now initiate a system for such importation from our own export income […]
The Tamil National Alliance (TNA) on Monday announced that it will support President Ranil Wickremesinghe’s efforts to form an all-party national government to help the country to recover from the worst economic crisis.The post TNA to support forming of all-party government appeared first on ONLANKA News :. Sri Lanka Breaking News Updates - Latest News in Sri Lanka.
The International Monetary Fund (IMF) said Sri Lanka should kick off debt restructuring talks with its bilateral lender China, while the island state's government seeks a financing loan from the Washington-based fund.The post IMF says Sri Lanka needs to talk with China about debt restructuring appeared first on ONLANKA News :. Sri Lanka Breaking News Updates - Latest News in Sri Lanka.
Net foreign inflows hit its highest since March 30.
Investors are waiting for some positive news to enter market.
The government defaulted an interest payment of 78 million US dollar of a sovereign bond on May 19
Market sees fall after military attacked protesters last week
Analysts expect market to fall if protests build up in future after Friday's attack by the military
Sri Lanka's parliament will choose between three candidates for president on Wednesday, hoping the new leader will be able to pull the island out of its worst economic and political crisis since independence in 1948.The post Sri Lanka could tip back to chaos if six-time Prime Minister voted