Stock market still in the doldrums By Duruthu Edirimuni Chandrasekera View(s): View(s):The Colombo share market is (stuck at) ‘exactly where it should be’, a top capital market and investment professional opined. “Policy makers, regulators including stock broking houses, stockbrokers and clients all have serious shortcomings which thrust the capital market to such a state.”He ranked poor enforcement, poor research, poor ethics by stockbrokers and greedy investors and poor economic growth in that order for the CSE’s failure. He and other panellists during the discussion that ensued agreed that the ‘poor’ sentiment in the CSE is ‘self inflicted’. He charged that pump and dump between 2010 to 2013 negatively impacted the market sentiment and acknowledged that a Rs. Mr. Wijesinghe added that (the SEC) might need to have a ‘truth and reconciliation’ commission for the pump and dump era.

Source: Sunday Times March 16, 2019 18:22 UTC