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@Eugine Fernando wrote:WHEN ALL OTHER MARKETS ARE OPEN INCLUDING CHINA & USA WHY OUR MARKET IS CLOSED, I PERSONALLY LIKE AT THIS MOVEMENT OF TIME CLOSING THE MARKET. GL
Strongly agree. It would be prudent to close down CSE for two weeks in order to protect small fishes from Sharks.@ChooBoy wrote:Colombo Stock Market, S&P has lost more than 10% of its market value within 1 hour of trading today.
CSE is not a critical financial service and there is no urgency to keep the Stock Market open under current circumstances.
By keeping the CSE open what are they trying to achieve?
Are they trying to help the Government to overcome CoronaVirus or give an opportunity to cunning ruthless opportunist to gain at the expenses of innocent local investors.
Further this will only allow foreign investors to take our foreign currency reserves away.
Most prudent thing is for CSE to remain close until we overcome CoronaVirus.
#srilanka #coronavirus #cse #stockmarketcrash2020
YOU THINK USA AND INDIA ARE STUPIDS TO KEEP OPEN THE MARKET AFTER ALL THEY HAVE EFFECTED MORE THAN US. THINK POSITIVE THEN EVERY THING WILL BE OK. THE QUANTITY OF HAPPINESS DEPENDS ON THE QUALITY OF THINKING. GL
What is the criteria for determining the beginning or end of this crisis? People should be free to buy and sell shares. Demand and supply determine the price of a share. The closure of the market and the manipulation of prices is a destructive of this process. I have never heard of a market closure in demand supply theory.
So why are other countries keeping the market open? Is it because economists in those countries have little knowledge?
Please explain for our knowledge....Tnx.
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