A cabinet reshuffle on Monday morning drew mixed views from brokers on what impact it would have on the Colombo stock market, brokers said.
“My view is that it’s just a reshuffle of the positions while the policies are unlikely to change. In that sense, there is unlikely to be a major impact on the market,” one veteran director of a brokerage said.
Other brokers had different views with one saying that with so much negativity in the areas of finance, commerce and trade, any change would boost local investor sentiment.
“Depending on who is appointed to the key areas of finance, commerce and trade, I feel that some change would boost local investor sentiment,” he said. (DE)
A Sri Lanka Air Force Bell 212 helicopter belonging to the No. 72 squadron has crashed into the Madhuru Oya reservoir this morning, Air FOrce Media Spokesman Eranda Geeganage said.
Read this week’s Sunday Times for your interesting articles including the ’’5th Column’’.
In its first electoral test since taking power, the ruling National People’s Power (NPP) fell short of expectations, winning only around 40 % of the national vote in Tuesday’s local government election and falling short of enough seats to gain control of the majority of councils.
Leave Comments