Written by Staff Writer
16 Jan, 2020 | 9:38 pm
COLOMBO (News 1st) – Cabinet approval was granted this week to increase the wage of estate workers to Rs 1000.
Following this decision, plantation stock prices declined.
Amidst thin trading, Maskeliya Plantations share fell 8% to Rs9-10, while Balangoda Plantations fell 3.48% to Rs11-10 and Kotagala Plantations, which had fallen as low as 5.8% in early trading, pared off with a 1.45% fall to Rs 6.80 at end of the day’s trade.
Of 21 plantation stocks being traded, 11 fell while 4 gained and the wage increase would hit the tea industry firms the hardest.
The Colombo Stock Exchange closed negative today, with the All Share Price Index dropping by 0.46% to 5,940.99 and the S&P SL20 dropping 0.80% to 2,807.22.
30 Mar, 2020 | 09:47 AM
22 Jan, 2020 | 07:49 AM
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