Business

Stock market surges after Gota secures SLFP support

The all share price index (ASPI) of the Colombo Stock Exchange (CSE) rose 70.69 points or 1.23% higher to close at 5,809.59 today (9).

The more liquid S&P SL 20 index rose 68.49 or 2.45% to close at 2,862.05. Total turnover for the day was Rs. 951 million.

The day’s performance was attributed by market analysts to Sri Lanka Podujana Peramuna (SLPP) presidential candidate Gotabaya Rajapaksa officially securing the support of the Sri Lanka Freedom Party (SLFP), which is seen as crucial to his victory.