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)
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The Ministry of Environment has taken steps to declare an additional 50 forests as protected reserves, Under the ’Wanaspati’ National Programme.
The National Water Supply and Drainage Board (NWSDB) warned that water supply restrictions would be imposed from 8.00pm today in Colombo District from today onwards
The meteorology department issuing a warm weather advisory for today that the temperature felt on human body is likely to increase up to ‘Caution level’ at some places in Western, Sabaragamuwa, Southern, North-western, Northern and North central provinces and in Monaragala district.

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