Collapsing economy and manipulation led to fall of CSE: UNP

26 October 2011 08:07 am - 8 - {{hitsCtrl.values.hits}}

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Dismissing the allegations made by the government and some so called investors that the complains made by the opposition MPs had lead to the collapse of the Colombo Stock Exchange (CSE), the main opposition UNP said today that it had crashed due to the collapse of the economy and manipulation by certain forces backed by the ruling party.

UNP Senior Vice President Lakshman Kiriella told a news conference today that the collapse of the stock market had nothing to do with the investigations carried out by the Securities and Exchange Commission. He made this point with regard to the reports which said the investigations carried out by the by Securities and Exchange Commission on manipulation following the complaints made by the opposition had lead to a fear psychosis. (Yohan Perera)

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Comments - 8

Sri lankan Wednesday, 26 October 2011 08:24 AM

Very true

upulkarupul Wednesday, 26 October 2011 08:29 AM

Yes it is correct that UNP with it's downfall is trying to make fear psychosis to take political revenge from the govt. It's not every time reflects the downfall of a country with the development taking place in CSE. This will rise up when the influential factors are come right.

janaka.gunaratne Wednesday, 26 October 2011 09:35 AM

In any country there are stringent and strictest measures implemented to safe guard the stock exchanges and any foul play is punished with extreme measures, Reason? This where the capitol is collected for market ecnomies and if you destroy the investor confidence, that is it, Do not blame UNP for this. Sort out the house.

josh Wednesday, 26 October 2011 10:02 AM

seriously.. wen did the CSE go down.. all i know is that its been steadily growing in the recent past..

Gamaya Wednesday, 26 October 2011 12:22 PM

Looks like UNP is effective atleast in this case.

Luki Wednesday, 26 October 2011 12:36 PM

Check out the trend of the CSE since beginning of this year.

patriot Wednesday, 26 October 2011 01:10 PM

josh
because of people like you only......

professorabdulmajeed Thursday, 27 October 2011 10:45 AM

so when it goes up is it becos of the govt...

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Collapsing economy and manipulation led to fall of CSE: UNP

Comments - 8

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