President’s speech fails to inspire the market

President Mahinda Rajapaksa failed to inspire the weather dampened Colombo bourse in his inaugural speech in parliament on Friday. President Mahinda Rajapaksa failed to inspire the weather dampened Colombo bourse in his inaugural speech in parliament on Friday.

Towards the market close, the All Share Index was trading 16.4 points lower at 2200, with turnover at a minimal Rs. 153 million.

The liquid stock tracking Milanka Index was at 2805.7, down 28 points towards the close of trading.

Shares in Dialog, Lanka IOC, Sierra Cables, Sri Lanka Telecom and John Keells Holding held up trading.

Over 1.5 million Dialog shares had traded at the time of the report, with the stock trading at its Rs. 18.00 opening price.

Lanka IOC meanwhile was trading Rs. 1.00 down at Rs. 37.00.