Monday, November 21, 2005

Colombo Stock Exchange crashes for second day running

The Colombo Stock Exchange collapsed for second day running as the government’s war drums started to get louder.

On Friday the election victory of the extremist coalition of SLFP, JHU and JVP was greeted by an over 8% fall at the exchange.

Further on Monday the appointment of a well known critic of the peace process as Prime Minister prompted the exchange to plummet another 7% to close the day at 2163.41.

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