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Stock market thrives consecutively over recent political developments

Colombo bourse recorded gains for the second straight session with faint improvement in investor sentiment over recent political developments in the country with the affirmed resignation of President Gotabaya Rajapaksa,…

JKH to benefit from the Cabinet Decision to streamline Sri Lanka’s casino industry

Sri Lanka’s John Keells Holdings (JKH) is expected to benefit from the proposal to streamline the country’s casino industry which could pave the way for JKH to rent space at…

Policy Rate Hike Dampens the Equity Market

Bourse recorded losses for the fourth straight session with investors taking a defensive approach following the policy rate hike by the Central Bank of Sri Lanka (CBSL), First Capital Research…

DIMO acquires Germany-based EgeSun GmbH’s local subsidiary, Tropical Health Food for Rs.450.08 million

Diesel & Motor Engineering PLC (DMO) acquired a 94.45% stake in Germany-based EgeSun GmbH’s subsidiary, Tropical Health Food (THF) Pvt Limited for Rs.450.08 million yesterday. The owner of EgeSun, Orhan…

Sri Lanka protesters call for new government a day after clashes kill eight

(Reuters) – Protesters and a key trade group in Sri Lanka called for a new government to take control of the crisis-hit country on Tuesday while the president asked for…

Stock Market backslides to the red territory

Colombo Bourse closed in the red zone on Wednesday after consecutive gains during the last three trading sessions as a selling spree emerged, First Capital Research said. Following the long…

Sri Lankan shares jump as Expolanka, LOCL surge

Sri Lankan shares extended sharp gains for a second straight session on Thursday, as beaten-down heavyweight industrial and financial stocks surged. The CSE All-Share index closed 4.55% higher at 7,611.43.…

Colombo Stock Brokers Association defends the decision to temporarily close down the Colombo Stock Exchange

Colombo Stock Brokers Association (CSBA) defends the decision by the Securities and Exchange Commission of Sri Lanka (SEC) to temporarily close down the Colombo Stock Exchange (CSE) for 5 business…

Sri Lankan stocks slide by nearly 33%, world’s worst losers after Russia

(Bloomberg) : The boom in Sri Lanka’s stocks has turned to bust as a 33% slide renders the market the world’s worst performer this year after Russian equities. The slide in Sri…

Sri Lankan shares post worst week ever amid power crisis

Sri Lanka shares had their worst weekly fall ever on Friday, having extended losses to a fifth straight session, with the Colombo Stock Exchange halting trade for a third consecutive…