All the indices showed significant gains while total turnover rose to Rs 1.0 billion, up 93.7 per cent from Tuesday’s level.
SEC Chairman Thilak Karunaratne has announced plans to send in his resignation on Friday, unable to withstand intensive pressure from a group of powerful investors who have complained of an over-regulated market. His departure would follow in the footsteps of his predecessor Indrani
Sugathadasa who also quit amidst similar circumstances.
The All Share Index gained 31 points to close at 4,908, the Milanka was up 66 points to 4,514 and the S&P SL up 30 points to 2,769.
Major trades were witnessed in JKH with 3.5 million shares done at turnover of Rs 700 million, DFCC (400,000 shares at a turnover of Rs 50 million) and Sampath Bank – 158.000 shares at a value of Rs 26 million.