The Colombo Stock Exchange has recorded a consistently  upward trend with all price indexes indicating exceptional gain. ASI was up by 4.22mn while Milanka Index recorded 8.22mn bringing the day’s turnover to 1916mn. The share volume stands at 66mn today.

The favourable political atmosphere after three decades of uncertainty caused by the war has significantly contributed to this positive trend, Charuka Suchendra, Research Analyst of ASHA Philip told www.news.lk.

According to him, it will take another one to two weeks for the Colombo Stock Exchange market sentiments to stabilize.

“This rapid improvement is a clear indication of investor confidence," he said adding that local partners have come forward to buy shares of foreign sellers.