Stock Market laughs in the face of reality November 15, 2006
Posted by brokennews in Business, Sri Lanka.trackback
The Colombo Stock Exchange indices hit record highs and turnover surged to the highest level this year as the stock market continued to defy traditional economic and political indicators. Anil Senaratna, Head of Research at John Keells Stock Brokers commented, ‘Well, you would have thought that the breakdown of peace talks, the escalation of hostilities in the North, the prospect of significant tax increases in the forthcoming budget and the recent assassination of a high-profile Member of Parliament would perhaps dampen investor sentiment… but not in this country’.
Mr. Senaratna said, ‘We have run a series of statistical regressions to try and identify the real factors behind the market’s behaviour. From what we can work out, it looks as if the market is tracking Mahela Jayawardene’s batting average. We will have to watch his form very closely’.
Latest reports indicate that the LTTE has included Mahela Jayawardena to their list of Economic targets in Sri Lanka after Mr Senaratna’s revalation about an apparent connection between the progress of the stock-market and his batting average. Yet it is still unclear as to whether there is a direct threat to his life as intelligence sources have confirmed that LTTE cover organizations in New Zealand have approached fast bowlers Jacob Oram and Shane Bond in an under-cover attempt to bring down Mahela’s batting average. New Zealand cricket officials however, refused to comment on whether there have been life threats to Daniel Vitori, whose inclusion in the NZ squad for the forthcoming series is seen as a boost for Sri Lanka and Jayawardena’s batting average in particular.
congrads! JKHC Stoks watch was on the dot! following Maveer day /V.Prabhakarans’ speech we have notices strong growth in share price value on selected commdities, including a shape rise in real-estate ( also faule-estate too) and consumer goodies , such as Maalupan and SeeniSambol.MP Anura Banda-nakiyas’ resent comments in Parliment reflected the smae sentiments , however, JVP chief whip Mr.Kasapara Dhenawa Umbata refuted governemnt statment by highliting the rising number of high rise buildings/apartments that are being put up and pull down in Colombo and Jaffa as a cleare indication of rising cost of living. Mahela Theory of course is coming to and end , even Mr.L.Kot-Law-Walla had at one time commented to Dubai based AL-Akasa-Kade that he intends to nominate Nobel Lurate Battahchcyaray of Seenigama for the national Criket Team, as National Comapany is part of Cey-Ling-KO groups.