Some firms who have exeeded the limits (credit) up to 70-85 range still selling. Is that the reason?.
What is your idea
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manula wrote:who is buying on credit these days ???.... very very risky...ne
sapumal wrote:My idea is people don't want to buy when dollar is not stable. Foreigners trying to sell shares to stop currency losses. New one don't like to come until dollar get real stable since no one like to put money on highly unstable/depreciating currency. It will take sometime to stabilize the currency market.
worthiness wrote:It seems locals cash out their portfolio deferring the reinvestment in equity market. They are aware of there is no signal of strong market sentiments. Also, they are tempted by heavily advertised finance companies which offer high rates.
It says further increase of rates is inevitable to meet the year end growth rate & single digit inflation. Some are trying to hang on & profit taking with sudden jerks.CSE reports indicate that foreigners take this opportunity in their favor collecting good counters with net cash inflow.
it is tricky to say that how long this wait & see policy prevail. Anytime market may boost up for unknown reasons but known by few.
Redbulls wrote:Yes I also agree.
But who are buying?
Stupids or genius?
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