It seems the ground situation is slowly settling down with changes being made in Government. The biggest possitive sign is that the executive is forced or with good advise making decisions favourable to market oriented actions. The best so far is Dr.Nandalal Weerasinghe a career Central Banker finally being appointed .
It must be stated that the the real hero in this week long scenario is no politician or civil activist but Nandalal who showed what leadership is by taking up the offer to steer this burning ship .
The market recovered well yesterday after price destruction since last Thursday which was totally acting irrationally with the SEC and CSE failing to take remedial action to protect the investors with absurd excuses like being on transit from London for 4 to 5 difficult days without closing the market.
Today is also expected to be a day where the price destruction will be slowly and steadily recover and sanity will return with less forced sales by margin providers and brokerages . Once again we must be relieved to see the appointment of the new CBSL Governor from whithin since AS Jayawardena.
