CSE should be kept closed!

nigma wrote:  අද  12.10 -12.20 අතර අද දවසට ගනුදෙනු අවසන් වෙනවා..

Quibit wrote:

roshan1039 wrote:

Quibit wrote:CSE is not essential service. Opening CSE will only create panic and pandemonium. Its best that we open the market after everting settles.

Joke

JOKE?
Yes very serious Joke. I guess DAMMIKA PERERA IS ALSO JOKING.
I agree with DP although I don't have any respect for him. Market should be kept Closed.

roshan1039 wrote:Market is dropping due to the bad decision to keep it closed.

Investors are panicked, even they have to rethink about this circuit breakers, otherwise same scenario will continue.

You will see worst drops in coming days with foreign selling if authorities do not take a decision to keep it open.

The decision to keep the market closed is a very bad decision.

roshan1039 wrote:Market is dropping due to the bad decision to keep it closed.

Investors are panicked, even they have to rethink about this circuit breakers, otherwise same scenario will continue.

You will see worst drops in coming days with foreign selling if authorities do not take a decision to keep it open.

The decision to keep the market closed is a very bad decision.

jaya wrote:Forcefully bring down the market by unscrupulous Crookes for collect at penny.
Also Margin providers and brokers who are not able to get interest will start force selling get rid of non-charged of interest.
Poor retailers will suffer.

samaritan wrote:

Quibit wrote:I think its best CSE take steps to closedown(Quarantine) the stock market for 2 week by restricting trading for once a week.

Some points in favour of the closure of CSE.,

The worldwide pandemic was an unprecedented, exceptional event that took place after nearly 100 years. So none had a clue on how it would impact our country, given the fact that the economic giants like the US & European nations were grappling with it desperately to keep the spread under control.

So, naturally the perception at the time would have been that when developed high tech nations were struggling with the pandemic, things would be much worse in a developing country like ours. Let's be honest we all thought that we were going to face a huge disaster in relation to the pandemic.  Naturally that causes panic in all investors including the foreigners. Foreigners would have been more pessimistic about our capacity to control such a pandemic. So, its every bodies guess what would have happened in a panic stricken situation like what prevailed.

As at now, to every ones surprise the pandemic has been brought under control in our country in comparison to and to the envy of the developed first world nations. This could influence the perception of all investors as at now. We are well placed for a speedy recovery as at now with prospects of attracting investments in the future for being a safe island nation blessed with an enviable natural environment.

An example for the clear change in perception is that even prospective Sri Lankan brides are rejecting proposals from grooms based in US & Europe, which was not so prior to the outbreak of the pandemic. 

A market free fall based on perceived fear of incapacity to control the pandemic has been avoided by the closure. 

Although there are cons against closure of CSE as reasoned by several members of the forum, in my view the pros outweigh the cons.