Business Confidence in President Boosts Colombo Stock Market
Professor Wasantha Athukorala of Peradeniya University’s Department of Economics and Statistical Studies has highlighted the significant rise in the Colombo Stock Exchange (CSE), attributing it to increased business confidence in President Anura Kumara Dissanayake and his government. The recent surge in the stock market’s price index is being viewed as a positive signal of growing economic and political stability in the country.
Professor Athukorala emphasized that the stock market’s performance is closely tied to the overall stability of a nation, and the current trend suggests that investors, particularly local businessmen, have a great deal of faith in the new leadership. This confidence has spurred increased investments in the market, leading to a rapid rise in stock prices.
He noted that, moving forward, efforts should be made to attract more foreign investors to the stock market. Such an influx would boost foreign currency reserves and further drive stock market growth, contributing to Sri Lanka’s overall economic recovery.
This optimism reflects a shift in the business climate following the recent presidential election, with many viewing the government’s policies as conducive to sustained economic growth.
