Stock movement

hasi17 · 1 Stock movement Tue Dec 20, 2011 10:04 am

hasi17

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I was looking at the stock price movement. It's very funny. There're several places where a 100 bundle was bought at 3 - 5 rupees more than the buy price going. In some counters a buy completes and the price goes down by 2 - 3 rupees. Instantly there is an order to push the price back. When you look at the highly appreciated prices there's a lonely 100 bundle high up away from the other transactions. Those buyers must be very generous, unselfish and concerned about the welfare of the sellers. Smile

manula · 2 Re: Stock movement Tue Dec 20, 2011 10:12 am

manula

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Because market uncertainty pepole must be buying small quantity. same way some pepole are trying to push the price up. but scared to invest more..becasue of the market nature.

thilankad · 3 Re: Stock movement Tue Dec 20, 2011 12:02 pm

thilankad

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morning session somebody sold buki 945 why people do like that that's the problem when market up clearly someone try to push it lower by doing such things how market up........... Question

Slstock · 4 Re: Stock movement Tue Dec 20, 2011 12:15 pm

Slstock

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thilankad wrote:morning session somebody sold buki 945 why people do like that that's the problem when market up clearly someone try to push it lower by doing such things how market up...........

If we want to be frank BUKI and CARS are overvalued shares propping up ASI and contributing to higher overall Market PE.

BUKI NAV is RS 140
6 month eps is 19. So PE is still around 25.

But I agree there is some irregular activity going now to play with market indices.

thilankad · 5 Re: Stock movement Tue Dec 20, 2011 12:33 pm

thilankad

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only Dialog Axiata, Hemas Holdings, Janashakthi Insurance, John Keells Hotels, Merchant Bank of Sri Lanka, Nawaloka Hospitals and Pan Asia Banking Corporation were dropped during first half of 2012 (MPI)