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Monday, 25 January 2010

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Sri Lanka’s economy looks forward to grow

Development has been going on the fastest ever in the history:

There has been a tremendous economic growth during the past four years in the country. When you say an economic growth there are some economic indicators such as per capita income, inflation, employment, poverty, reserves and infrastructure development.

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Early week profit taking drives the indices down

Volatility in indices continued throughout the week, the market saw indices being down on Monday, Tuesday and Thursday, while rising on the remaining two days. This was mainly due to the retail investors selling their shares to book profits ahead of the Presidential poll next week. The ASPI (All Share Price Index) closed the week at 3531.7 points down by 31.4 points or 0.9 percent Week on Week (WoW). Meanwhile the MPI (Milanka Price Index) too retained a similar trend to close the week at 4044.8 points, down by 54.4 points or 1.3 percent compared to last weeks closing levels.

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Central Bank Governor Ajith Nivard Cabraal



 
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