Military victories make CSE perform positively

Hiran H. Senewiratne

The Colombo Stock Exchange (CSE) performed positively yesterday with the Government’s spate of military victories. These victories will encourage and attract business community in a big way.

Most stockbrokers and investors were extremely delighted and optimistic on the Government’s military victory and they have expressed positively when the Daily News contacted them. The CSE is now just in a recovery trend and will bounce back soon as the Mumbai Stock Market also moving positively.

Therefore, with the dawn of peace and normalcy Fund managers from locally as well as internationally will look at Sri Lanka in a positive way for investments, said CEO/Executive Director Chitra Sathkumara. He said the terrorist problem existed for more than three decades and it was impeded the growth of the country in every area.

Therefore, both indices will perform positively in the future and local and foreign investors will also invest in the CSE without any doubt, he said.

Business Development Manager Bartleet Mallory Stockbrokers Ltd Angelo Ranasinghe said with the announcing of deaths of LTTE leaders including Velupillai Prabhakaran investors became more positive, which was the biggest issue in the history of Sri Lanka for more than three decades, he said.

He said that future is going to be very positive and it is now time to focusing on developing the economy.