Sri Lanka Stock Market heading toward ASPI 4500

God Father

God Father

Senior Manager - Equity Analytics

Posts : 441
Equity Stars : 2762
Reputation : 5
Join date : 2019-03-23

Record Low of 4300+ in May 2020

Sri Lanka Stock Market heading toward ASPI 4500 111

Sri Lanka Stock Market moved up from Corona virus low of ASPI 4300+ in May 2020 to an unrealistic High of 13000+ in January 2022 entirely due to market speculation by local investors despite lack of foreign investments or any growth in the economy.

Stock Market is finally come to terms with the economic realities of the country resultant from energy and food crisis and dipped to ASPI 6800+ levels in April 2022.

Currently (June 2022) ASPI is trading around ASPI 7500+ level and it will not be a surprise if index dipped below ASPI 4500 (Corona Virus low of May 2021) before September 2022 given the status of Sri Lanka's economy and political uncertainty.

Questioned need to be asked from yourself is whether Sri Lanka is in a better economic and political situation than May 2020. If we are not then, shouldn't Stock Market be below the May 2020 ASPI of 4500?

It is certainly not the time to buy or sell!! It may be the time to do nothing?.

Record High of 13000+ in January 2022

Sri Lanka Stock Market heading toward ASPI 4500 211

Currently hovering around 7000+

Sri Lanka Stock Market heading toward ASPI 4500 311

Forecast for 2022

Sri Lanka Stock Market heading toward ASPI 4500 Scree118

https://tradingeconomics.com/sri-lanka/stock-market

Tue Jun 14, 2022 10:22 am by ChooBoy · Tue Jun 14, 2022 10:22 am by ChooBoy

Investment advise given by Capital Trust Securities in September 2021 when ASPI was around 9000! I bought shares based on this advise. Why are they force selling shares?

Sri Lanka Stock Market heading toward ASPI 4500 Unname10

ADVENTUS likes this post

Tue Jun 14, 2022 9:46 pm by **ONTHEMONEY** · Tue Jun 14, 2022 9:46 pm by **ONTHEMONEY**

God Father wrote:
Record Low of 4300+ in May 2020

Sri Lanka Stock Market moved up from Corona virus low of ASPI 4300+ in May 2020 to an unrealistic High of 13000+ in January 2022 entirely due to market speculation by local investors despite lack of foreign investments or any growth in the economy.

Stock Market is finally come to terms with the economic realities of the country resultant from energy and food crisis and dipped to ASPI 6800+ levels in April 2022.

Currently (June 2022) ASPI is trading around ASPI 7500+ level and it will not be a surprise if index dipped below ASPI 4500 (Corona Virus low of May 2021) before September 2022 given the status of Sri Lanka's economy and political uncertainty.

Questioned need to be asked from yourself is whether Sri Lanka is in a better economic and political situation than May 2020. If we are not then, shouldn't Stock Market be below the May 2020 ASPI of 4500?

It is certainly not the time to buy or sell!! It may be the time to do nothing?.

Record High of 13000+ in January 2022

Currently hovering around 7000+

Forecast for 2022

https://tradingeconomics.com/sri-lanka/stock-market

Hi,

I don’t agree at all.

Can you find any product/services at prices you enjoyed during pre COVID19?

The answer is NO. It’s because of USD/LKR depreciation led inflation.

The ASI was at 7,800~8,000 levels when the USD/LKR was at 203/- and now trading at same or below when the USD/LKR is at 365.

This means, ASI now logically trading at 4,400 levels, if adjusted for USD depreciations from 203 to 365.

Therefore, the emerging market SELL OFF already happened for all e reasons including USD/LKR depreciation. Now the overall MARKET PE is 5.1x which is dust for an investor.

However, if anyone wants to collect low it’s good to collect incrementally low towards downward side.

Good Luck

ADVENTUS likes this post

Tue Jun 14, 2022 11:30 pm by **ADVENTUS** · Tue Jun 14, 2022 11:30 pm by **ADVENTUS**

God Father wrote:
Record Low of 4300+ in May 2020

Sri Lanka Stock Market moved up from Corona virus low of ASPI 4300+ in May 2020 to an unrealistic High of 13000+ in January 2022 entirely due to market speculation by local investors despite lack of foreign investments or any growth in the economy.

Stock Market is finally come to terms with the economic realities of the country resultant from energy and food crisis and dipped to ASPI 6800+ levels in April 2022.

Currently (June 2022) ASPI is trading around ASPI 7500+ level and it will not be a surprise if index dipped below ASPI 4500 (Corona Virus low of May 2021) before September 2022 given the status of Sri Lanka's economy and political uncertainty.

Questioned need to be asked from yourself is whether Sri Lanka is in a better economic and political situation than May 2020. If we are not then, shouldn't Stock Market be below the May 2020 ASPI of 4500?

It is certainly not the time to buy or sell!! It may be the time to do nothing?.

Record High of 13000+ in January 2022

Currently hovering around 7000+

Forecast for 2022

https://tradingeconomics.com/sri-lanka/stock-market

WRITTEN BY SOMEBODY THAT HAS NO IDEA ABOUT THE MARKET OR POSTED THIS INTENTIONALLY TO DROP THE MARKET

samaritan and Kipling like this post

Wed Jun 15, 2022 8:39 am by Walbaba · Wed Jun 15, 2022 8:39 am by Walbaba

ගෝඩ් ෆාදර් පිස්සෙක් මාර්කට් ASPI එක 20,000 යනවා. බොරු නම් බුහාර් නානගෙන් අහන්න!

Kipling, ADVENTUS and Zahara khan like this post

Wed Jun 15, 2022 9:59 am by **Kipling** · Wed Jun 15, 2022 9:59 am by **Kipling**

At 4500 PER will be 2.5. Sinister & dirty agenda. Some BF who missed the bus & laughed at Expo collected huge quantities during the crash.

ADVENTUS likes this post

Thu Jun 16, 2022 6:12 pm by atuts · Thu Jun 16, 2022 6:12 pm by atuts

This is same pattern all over the world … during the covid money flow to stock market as Low interest rate and more retail investor came. Now money is going out as fed interest hike… we ll expect more down … CSE will be fuled up with manipulation and macro economic issues … wait and play

Mon Jun 20, 2022 9:42 pm by **God Father** · Mon Jun 20, 2022 9:42 pm by **God Father**

start buying when ASPI is 5500

Tue Jun 21, 2022 8:59 am by **samaritan** · Tue Jun 21, 2022 8:59 am by **samaritan**

The CSE is mainly driven by market sentiment which is dependent on positive news.

Some of the positive news are:

1. Finalization of staff level program with IMF soon.

Ranil Wickremesinghe

@RW_UNP

"Today, I met the visiting IMF Team and commenced discussions. Looking forward to reaching a staff level agreement and finalizing the program soon".

2. Sri Lanka trade deficit continued to shrink

http://www.charts.lk/chart/qxMihLv6YTpyr8jFAvMB/sri-lanka-trade-deficit-continued-to-shrink

3. 21st Amendment to constitution approved by cabinet and is to be presented to Parliament.

Out of the above the finalization of staff level agreement with IMF will be big news, as it will give green light for bilateral loans from friendly nations and international financial agencies.

In other countries which faced similar crisis and when the IMF gave green light the first thing to go up was the Stock Market.

Mon Jun 27, 2022 8:44 pm by **God Father** · Mon Jun 27, 2022 8:44 pm by **God Father**

- Sri Lanka to order exporters, embassies, hotels to pay electricity bills in dollars
- Fuel will be supplied only to essential services vehicles from midnight today till 10 July 2022
- Sri Lanka’s Three Wheel Taxi services will be unable to function at normal levels until a solution for the fuel crisis is proposed
- Sri Lanka’s private buses en route to grinding halt as fuel crisis deepens
- Sri Lanka stocks fall to one-week low; dragged down by acute fuel shortage
- Sri Lanka’ CPC may need Treasury’s help to repay India’s $700 mln
- India’s fresh $500 mln fuel credit to Sri Lanka delayed over routine administration
- Secretary to the Ministry of Energy held hostage inside his office by CPC & Sapugaskanda employees who are protesting against the proposal to hand over CPC fuel stations to the private sector
- Sri Lanka power regulator proposes average tariff hike to Rs32 a unit
- Sri Lanka central bank blocked retail fuel sales for dollars
- Container Cargo Transport Charges increased
- Urea fertilizer shipment delayed by another two days
- රාජ්‍ය ණය මාසයක් ඇතුළත රු. බිලියන 3,756 කින් වැඩිවෙයි:
- Sri Lanka to market price kerosene, give cash grant to needy
- Fuel Token System from Monday
- Work from Home for Public Sector, Extended
- Colombo & City schools closed this week
- Foreign banks refuse to confirm Sri Lanka state bank letters of credit
- Sri Lanka’s Bank of Ceylon downgraded to RD
- Can there be another Covid-19 wave in Sri Lanka
- Free float of currency bloats foreign debt by 50% to Rs. 9.5 t
- LKR to be depreciated against USD to minimum of LKR 500/= to save the economy
- Sri Lanka’s Ceylon tea output down 16.3-pct in May 2022
- Railways want 50% fare hike
- Sri Lanka removes ban on open account food imports
- Price of food items up by 10%

අද රාත්‍රියෙන් පසු, යක්ෂයාගේ හෝරාව ඇරඹේ.