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By Hiran H.Senewiratne
CSE activities were volatile during early sessions yesterday but turned stable later. The market witnessed a steep decline during the last two days, moving downwards by 470 points during the last two sessions on Monday and Tuesday. It is said that from February 1st to 23rd this year CSE activities were down by 1339 points. However, selling pressure was noted on banking sector counters, stock market analysts said.
According to analysts the market’s recent downward trend has been disappointing. They advise investors to take advantage of the current weakness and focus on accumulating fundamentally robust and liquid stocks in high growth sectors within a long term investment horizon.