Immense pressure from Indian motor vehicles manufactures through their deplomatic way as well as EU manufactures including tile products reasoning, initial president MR to consider relaxing the tile imports, but the internal news leak / smelling leads to the market shaken last Friday. Rumors were spreaded that the other imports restritcions including vehicle going to be relaxed among the importers /Investor circle lead to rush selling of shares /Pulling out the money from CSE.
If imports restrictions are relaxed, monies will be pulled out from the CSE.
If refuse to relax the restriction on imports EU and other countries retaliate on Sri Lankan exports to that countries.
During the president Maithripala Sirisena's gov't.they banned the asbestos raw materials imports from Russia, citing environmental & health hazad issues, then Russia retaliated with the banned on Sri Lankan tea import citing pest spreading from Srilankan tea.
Then the SriLankan gov't immediately relaxed the restriction on asbestos raw materials imports.
One cartel members in this forum blaming Market correction, Profit taking,Marginal credit settlement or SEC credit circular, they even talk about the crocodile tear"s regarding the others opinion in this forum.
They are the great oppstimitic with poitive thoughts posts. liked by the same cartel members.
When the EXPO'S Financials statements were out, some of the cartel members posted definately ''EXPO will touch 70 or 80", and most of the same cartel members were liked that posts. What was the reality?
Most of the CSE participants are educated even foreign investers are consulting experts at share research broker firms in SriLanka before their investment in SriLanka.
Some frogs in the well thinking Positive thoughts posts liked by other frogs in the same well will work out. may be few retail fools will fall on the trap.