Stock market responds to political change

29 October 2018 11:50 am - 9     - {{hitsCtrl.values.hits}}


The Colombo Stock Exchange’s main index All Share Price Index has gained 115 points or 2 percent, closing in the 6, 000 mark following the changes that took place in the country’s political landscape on last Friday.

The more liquid S&P SL20 index as at 11.15 a.m. was up almost 80 points or 2.66 percent. The turnover was Rs.494 million.

Most of the stock market stakeholders as Mirror Business reported today were of the view that market would witness a short-lived hype.

However to sustain this hype in the mid and long-term, the political situation in the country should stabalise, they opined.

  Comments - 9

  • Yeti Monday, 29 October 2018 12:10 PM

    The traditional support of the UNP, the corporate class have slowly but surely turned away from UNP and turned towards SLFP because of MRs decade of rule. Who would have guessed this in 1956 when SWRD because the enemy no 01 of the corporate class.

    Lankaboy Monday, 29 October 2018 03:00 PM

    It is MR

    DJ Monday, 29 October 2018 01:41 PM

    Hope there will not be any inflated stocks to rob the EPF

    johan Monday, 29 October 2018 01:42 PM

    All statistics play dirty tricks in politics

    Saman Monday, 29 October 2018 01:52 PM

    it,s 4 Billion so far,Wow

    shameer Monday, 29 October 2018 02:25 PM

    only 500mn. right ?

    Casanova Monday, 29 October 2018 02:42 PM

    All manipulated.

    Sharon Monday, 29 October 2018 03:20 PM


    carl Tuesday, 30 October 2018 08:44 AM

    Stock market manipulation was a game introduced by crooked players during 2005-2015. As a result, they robbed investors' money and EPF money by creating a bull run and then pulling down the market. It could be done because the regulator turned a blind eye to manipulation at that time. Some of those crooks are now multi-millionaires. One example was a guy who ran an advertising firm and now owns a conglomerate. Looks like those crooks are back again.Expect a manipulated bull run.

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