Investors call for govt intervention in view of CSE drop

Investors call for govt intervention in view of CSE drop

Investors call for govt intervention in view of CSE drop

Written by Tharushan Fernando

27 Jan, 2016 | 7:17 pm

Share prices at the Colombo Stock Exchange dropped for the third consecutive day today. Investors say that they    have to face numerous issues following this situation, which has prevailed for almost a year. During the past one year, the All Share Price Index of the Colombo Stock Exchange dropped by 1300 points, which is a 17 percent drop.

Investors point out that , a person who invested Rs. 100,000  a year ago is suffering a loss of Rs.25,000  due to this situation. The number of investors has dropped and this situation is not even spoke of in parliament, they pointed out. According to one such investor, there were large-scale investors, and funds in some government institutions are not active

“We are moderate shareholders” he said, and further explained that, when those funds are not active the markets will not perform because there is a supply but no demand, since there are no buyers

Investors believe that the government should launch a programme to rescue them from the current state that they have to undergo due to the current fall of the stock market.

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