ASI 4970 vs 5450

Feb 15th ASI hit 4970
March 11th ASI 5450

Lets compare( randomly ) , some fundamental and blue chips stocks

Counter Then now
CDB 45 44
BFL 128 131
RICH 6.9 7.0
GLAS 6.6 5.8
JKH 160 193
DIAL 6.8 7.2
CARS 441 475
DIPD 93 89
COMB 99.5 99.5
DIMO 1000 1000
HAYC 140 153
TILES 68 68
LOLC 54 55
BRWN 151 154
ACl 58 62
VONE 15.6 20.0
RHL 40 38
NTB 53 56
SMLL 23.1 24
TKYO 39 40
DFCC 99 106
OSEA 10 13
CIC 90 95
LLUB 167 174


Also look at
GREG 15.1 16
EAST 14 13
BLUE 3.9 5.4



If you look hard and further compare we see selected companies holding the ASI higher while some blue chips and fundamentals trading at or less than their value at ASI 4960!

So if market is to further drop , some fundamentals and shares will be worse than they were at 4960!

Thanks!

Time to keep a close eye on the market (and some cash in hand)...

Cheers!

I guess the biggest contributor is JKH. 840 mn shares *Rs.33 increase. Rs. 28bn increase of market capitalization over this period.

nice post.............this shows blue chips got less impact from market downfall........major impact happened for speculative shares......

speculater wrote:nice post.............this shows blue chips got less impact from market downfall........major impact happened for speculative shares......

Slstock's point is not that....

"So if market is to further drop , some fundamentals and shares will be worse than they were at 4960!"

that means when market drops the shares with good fundamental get worse.

This is an easy way to understand the current masked blood bath or controlled bleeding I would say !

slstock wrote:Feb 15th ASI hit 4970
March 11th ASI 5450

Lets compare( randomly ) , some fundamental and blue chips stocks

Counter Then now
CDB 45 44
BFL 128 131
RICH 6.9 7.0
GLAS 6.6 5.8
JKH 160 193
DIAL 6.8 7.2
CARS 441 475
DIPD 93 89
COMB 99.5 99.5
DIMO 1000 1000
HAYC 140 153
TILES 68 68
LOLC 54 55
BRWN 151 154
ACl 58 62
VONE 15.6 20.0
RHL 40 38
NTB 53 56
SMLL 23.1 24
TKYO 39 40
DFCC 99 106
OSEA 10 13
CIC 90 95
LLUB 167 174


Also look at
GREG 15.1 16
EAST 14 13
BLUE 3.9 5.4



If you look hard and further compare we see selected companies holding the ASI higher while some blue chips and fundamentals trading at or less than their value at ASI 4960!

So if market is to further drop , some fundamentals and shares will be worse than they were at 4960!

Dear slstock,

According to the list above indices have droped only for the counters; CDB,GLAS,DIPP and RHL,whare as COMB,DIMO and TILE hve shown no change. All other Shares(17 Counters) in fundamental list have gone up by 1.44% (RICH)TO 30% (OSEA). .Only three counters namely JKH,VONE and OSEA have recorded higher growth and we cant say those three counters holding ASI higher. (However I agree that JKH has a big power to infuence ASI. )My point is other than big three 14 counters in the list also have pushed the ASI.

You'll see the real drama sooner than later!

To me ASI figure is below atleast 300 below what we see now... This may be artificially shown up....

Feel swing trading opportunity ahead....

Good Luck

Rajaraam wrote:

slstock wrote:Feb 15th ASI hit 4970
March 11th ASI 5450

Lets compare( randomly ) , some fundamental and blue chips stocks

Counter Then now
CDB 45 44
BFL 128 131
RICH 6.9 7.0
GLAS 6.6 5.8
JKH 160 193
DIAL 6.8 7.2
CARS 441 475
DIPD 93 89
COMB 99.5 99.5
DIMO 1000 1000
HAYC 140 153
TILES 68 68
LOLC 54 55
BRWN 151 154
ACl 58 62
VONE 15.6 20.0
RHL 40 38
NTB 53 56
SMLL 23.1 24
TKYO 39 40
DFCC 99 106
OSEA 10 13
CIC 90 95
LLUB 167 174


Also look at
GREG 15.1 16
EAST 14 13
BLUE 3.9 5.4



If you look hard and further compare we see selected companies holding the ASI higher while some blue chips and fundamentals trading at or less than their value at ASI 4960!

So if market is to further drop , some fundamentals and shares will be worse than they were at 4960!

Dear slstock,

According to the list above indices have droped only for the counters; CDB,GLAS,DIPP and RHL,whare as COMB,DIMO and TILE hve shown no change. All other Shares(17 Counters) in fundamental list have gone up by 1.44% (RICH)TO 30% (OSEA). .Only three counters namely JKH,VONE and OSEA have recorded higher growth and we cant say those three counters holding ASI higher. (However I agree that JKH has a big power to infuence ASI. )My point is other than big three 14 counters in the list also have pushed the ASI.

Rajas denial. Obviously fully loaded. Always dreaming of Bulls !

illuminati,

Even though u're not talking in a technical eye, looks like we have a common perception!
When do you expect Bulls again?
(I know it's hard...but...what's ur idea...?)

stumpy wrote:illuminati,

Even though u're not talking in a technical eye, looks like we have a common perception!
When do you expect Bulls again?
(I know it's hard...but...what's ur idea...?)

Gosh!! u asked from the master bear

I humbly wish he'll be able to tell u this time in a more convenient way rather than saying "next year'

SL.Market wrote:To me ASI figure is below atleast 300 below what we see now... This may be artificially shown up....

Feel swing trading opportunity ahead....

Good Luck

exactly, if ASI drops to 5200 we might able to buy GREG close to 10 Rs

FXX wrote:

SL.Market wrote:To me ASI figure is below atleast 300 below what we see now... This may be artificially shown up....

Feel swing trading opportunity ahead....

Good Luck

exactly, if ASI drops to 5200 we might able to buy GREG close to 10 Rs

Thing is very difficult to predict now where market heading
Not like past(2/3 moths ago) market drop or up with comparatively less amounts. Bull collected last months continuously more than a week. But introducing the ATS 7 all not collapsed but stooped where to go. Market is handled by bulls or Manipulators that is why this type of things/behaviors possible. Other point, It has been stooped to earn the day trading even some shares going up(SERV?). Understand how they collected. Conclusion is great Bull/Bear days ahead. Best thing is to be patient for the moment and take the benefit because this is not going to behave as pre-understandable TA. TA will be applied and explain after happening it.Bacause It is solely behave as per some wanted.

Have Safe Trading

Good Luck

Its not denial.. its fact.. These price appreciations are no bull run.. just natural market mechanism in play, although JKH has some real momentum if you look at interest, turnover, and trades daily as a % of the rest of the market.

JKH - 155 -193
SPEN - 105 - 119
DIAL - 6.8 - 7.2
NDB - 119 -129
DFCC - 99 - 108
CTC - Realistically has kept moving up from 350 - 515 over the last 9 months
LLUB - 167 - 174

While everything is falling the only real reason that these counters are going up is because of real interest, either retail or smart money. I don't mind this trend... MPI is showing resilience while ASI is finding new equilibrium.

I don't feel that this market will fall below 5000..however if the Sanctions are really bad (Which i doubt), then there will be some real panic selling.. foreign investors may pull out and they hold very large quantities of shares that will easily bring the market down over 500 - 1000 points.

when the ASI was around 7xxx, I got the same feeling. most of the counters getting lower and lower and increasing selling pressure, but the ASI was somehow kept green, in fact showing good uptrend.

if cse is gearing up for the same scenario, It's gonna be disaster.

FXX wrote:

SL.Market wrote:To me ASI figure is below atleast 300 below what we see now... This may be artificially shown up....

Feel swing trading opportunity ahead....

Good Luck

exactly, if ASI drops to 5200 we might able to buy GREG close to 10 Rs

who was that guy promoted GREG and HVA saying they will reach above 30. this should have happen about 3 weeks ago, according to his prediction. Feel sorry for him...

JKH Rs8 appreciation made ASPI 25 points up.
Dist around Rs1 appreciation made ASPI 3 Points up.
Heavy weight counters are determining the ASPI.
More details
http://forum.srilankaequity.com/t16713-contribution-of-top-10-securities-to-the-change-of-aspi-for-the-week-ending-09-03-2012

illuminati wrote:

Rajaraam wrote:

slstock wrote:Feb 15th ASI hit 4970
March 11th ASI 5450

Lets compare( randomly ) , some fundamental and blue chips stocks

Counter Then now
CDB 45 44
BFL 128 131
RICH 6.9 7.0
GLAS 6.6 5.8
JKH 160 193
DIAL 6.8 7.2
CARS 441 475
DIPD 93 89
COMB 99.5 99.5
DIMO 1000 1000
HAYC 140 153
TILES 68 68
LOLC 54 55
BRWN 151 154
ACl 58 62
VONE 15.6 20.0
RHL 40 38
NTB 53 56
SMLL 23.1 24
TKYO 39 40
DFCC 99 106
OSEA 10 13
CIC 90 95
LLUB 167 174


Also look at
GREG 15.1 16
EAST 14 13
BLUE 3.9 5.4



If you look hard and further compare we see selected companies holding the ASI higher while some blue chips and fundamentals trading at or less than their value at ASI 4960!

So if market is to further drop , some fundamentals and shares will be worse than they were at 4960!

Dear slstock,

According to the list above indices have droped only for the counters; CDB,GLAS,DIPP and RHL,whare as COMB,DIMO and TILE hve shown no change. All other Shares(17 Counters) in fundamental list have gone up by 1.44% (RICH)TO 30% (OSEA). .Only three counters namely JKH,VONE and OSEA have recorded higher growth and we cant say those three counters holding ASI higher. (However I agree that JKH has a big power to infuence ASI. )My point is other than big three 14 counters in the list also have pushed the ASI.

Rajas denial. Obviously fully loaded. Always dreaming of Bulls !

Is it fair to say so dear illuminati. What I have done is just giving some simple calculations based on the figures given in slstock's post. Thats all. No dreaming there.

as i see prices of many illiquids and speculatives getting correcting,but i expect many sub divisions in some counters..
and also market can run upwards mainly by speculatives as history repeats

Light of Hope wrote:

FXX wrote:

SL.Market wrote:To me ASI figure is below atleast 300 below what we see now... This may be artificially shown up....

Feel swing trading opportunity ahead....

Good Luck

exactly, if ASI drops to 5200 we might able to buy GREG close to 10 Rs

who was that guy promoted GREG and HVA saying they will reach above 30. this should have happen about 3 weeks ago, according to his prediction. Feel sorry for him...

We can at least help him...if we know the guy.please pm LoH