Colombo Bourse's All Share price index dipped to new low on yesterday and closed at 6927.74 points, as selling continued to drag stock indices last few days. The market indices fell below 7,000 points for the second consecutive time for this year since it last started to pick up in February. Several IPO's that are yet come in to the market and several rights issued by commercial banks and financial institutions had suck up cash from investors according to the industry analysts. "It was heavy force selling, as regulators are tightening screws" Sarath Rajapakshe of Capital Trust Securities said.
"Common man is playing with small shares, they are hit by this force selling."
“This is the revert case of Robin Hood” he said adding that thousands of small time retailers who are active participants in the market burned their fingers at a time when bourse was flying high among the emerging markets in the world.
source - www.dailymirror.lk
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