The ‘stock market showdown’ at Temple Trees

Monday, 23 July 2012 00:33 - - {{hitsCtrl.values.hits}}

By Nisthar Cassim

A high profile meeting between the country’s Chief Executive and capital market stakeholders to arrest the miserable bearish run of the Colombo Bourse was on the cards at least for a month. It was being postponed due to the busy schedule of President Mahinda Rajapaksa.

Even if one leaves out the lobbying by high net worth investors, the performance of the stock market was of concern to all. By June this year over Rs. 400 billion in value had been wiped out.