Chairman of the Colombo Stock Exchange, Krishan Balendra believes that the Colombo bourse will recover during this year.
Speaking at a weekend television program, Balendra said, this is visible when looking at the performances of the recent few months taken place in the CSE.
He also said, external factors such as the stabilization taking place in the global economy, Interest rates, which is coming down in the local market, good performances shown in the other Asian markets and also investor appetite into the Asian region, may help the Colombo Stock Exchange to recover during this year.
“CSE can start going up, once a correction takes place”, added Balendra.
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