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Panic selling in our stock market is unavoidable since it has become usual practice by seeing red colour index jacked by various comments. Some very good counters had been sold out at low prices giving another opportunity for local collectors at deep discounted prices.
Political instability, unrest & power struggle in the country, I observe, is now substantially over after declaration of election result, though some attempts to relate the current plummet of Sri Lanka stock market to certain mishaps of forming a united government.
It is observed that foreign investors move out not only from Sri Lanka but also from many other Asian capital markets. Analyst view that partly because of slimming china’s production output & the currency exposure against the greenback. Other than China’s economic indicators, most hit speculation of possible rate hike in the USA in the near future had struck the markets across the Asia that has affected us too.
Political instability, unrest & power struggle in the country, I observe, is now substantially over after declaration of election result, though some attempts to relate the current plummet of Sri Lanka stock market to certain mishaps of forming a united government.
It is observed that foreign investors move out not only from Sri Lanka but also from many other Asian capital markets. Analyst view that partly because of slimming china’s production output & the currency exposure against the greenback. Other than China’s economic indicators, most hit speculation of possible rate hike in the USA in the near future had struck the markets across the Asia that has affected us too.
