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| Sunday, 26 March 2006 |
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Optimism in peace process boosts investor confidence by Lalin Fernandopulle The All Share Price Index (ASPI) recorded a growth 2138.9 points by end February 2006 indicating a positive trend after the commencement of the peace talks in Geneva early this year, said Assistant Manager, Marketing CSE, Thushara Jayaratne. He said the general feeling of the investor community determines the market turnover. Optimism in the peace process has boosted the confidence of the investor. The recent upward trend in the All Share price index recording a 2242.8 point growth is some hope that the economy could get off to a good start. Jayaratne said the ASPI recorded a 603.8 point growth by end February 2002 with the ceasefire agreement kicking off. However, a gloomy scenario prevailed in the latter part of 2005 with the run up to the presidential election and the escalation of violence in the North and East. The decision to commence peace talks in January was good news to all investors and trading took place on a positive note. The market had recorded a consistent growth of over 30 per cent in the ASPI for the past three years. The ASPI achieved a growth rate of 48 per cent in 2004. It is the perception of every investor that determines whether the market performs or not. If the investor is optimistic then there is success, he said. Therefore it is vital that the stakeholders of the peace process uphold the momentum and commit themselves to a settlement. |
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