Uncertainty in political and economic spheres in Sri Lanka is creating a topsy-turvy stockmarket, analysts said.
“The clash between the judiciary and the executive is causing a lot of discomfort,” one analyst said, adding that the markets are in a kind of disarray as foreigners are also seeking to exit. He said some large stocks on offer are lacking in bids, citing one large bank stock in particular. While the fuel crisis didn’t directly impact the market, the uncertainty after the Supreme Court judgment on petrol prices has unnerved investors. “2009 is going to be a difficult year for the markets going by the financial crisis,” he said. |
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