Financial Times FT.com

Shares fall on Colombo exchange

By James Fontanella-Khan in Mumbai

Published: October 20 2009 21:51 | Last updated: October 20 2009 21:51

The chief executive of the Colombo Stock Exchange said she was concerned about the impact Raj Rajaratnam’s arrest for insider trading was having on the market in Sri Lanka, as shares dropped by the largest amount in nine months on Tuesday.

“I am concerned because the market had been galloping for quite some time and after the bad news came from the US it dipped for two days in a row,” said Sunekha Sellahewa. “There is still a quite a bit of panic among investors.”

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